TL;DR
The findings indicate that AI can contribute to the automation of repetitive activities, the analysis of large volumes of data, anomaly detection, and the continuous monitoring of operations, thereby improving the efficiency and quality of audit processes.
The study examined how artificial intelligence and automation can be harnessed to improve efficiency, accuracy, and strategic contribution in accounting. Specifically, the study explored their role in auditing, tax preparation, and financial reporting, analyzed the potential of emerging technologies such as predictive...
The results show that the adoption of AI depends primarily on technological maturity, data quality, auditors’ skills, organisational support, governance and trust in the systems and the main challenges relate to governance, explainability, reliability, skills, human oversight and data protection.
The study concludes that the application of artificial intelligence has significant positive effect on accounting practices and recommends amongst others, that firms and accounting practitioners should employ artificial intelligence in every aspect of accounting practice.
This article addresses the verification of accounting estimates generated by artificial intelligence systems. It investigates the «black box» problem in machine learning and substantiates the need to integrate the concept of Explainable Artificial Intelligence (XAI) into modern auditing practices to enhance audit quali...
The findings of the study indicated that information technology has a positive and significant impact on all dimensions of the financial reporting environment, including relevance, faithful representation, comparability, predictability, feedback value, and timeliness.
Relevance. The digital transformation of the economy and the exponential growth of the volumes of data generated by ERP systems create a new technological context for auditing activities. Traditional verification methods based on selective procedures and manual document processing face time, labor, and data coverage...
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