ARTIFICIAL INTELLIGENCE AND ACCOUNTING PRACTICES OF PROFESSIONAL ACCOUNTANTS IN SOUTH EAST NIGERIA
Keywords:
Accounting Practice, Artificial Intelligence, Artificial Intelligence Expert System, Financial Accounting Practice, Management Accounting PracticeAbstract
The study examined the effect of artificial intelligence (AI) on accounting practice among professional accountants in South East Nigeria. The specific objective was to examine the effect of artificial intelligence expert system on financial accounting practice, management accounting practice, auditing practice and forensic accounting practice in South East Nigeria. The study adopted a cross-sectional survey design. The target population for this study comprises 2,557 professional accountants working in the 74 accounting firms in South East Nigeria, from which a sample size of 346 respondents was selected using snowballing technique. Primary data for this study were collected using self-administered questionnaires. Descriptive statistics, including percentages, means, and frequency distributions, were used to summarize the responses. Hypotheses were tested using ordinal regression technique. It was found that: AI expert system has a positive and significant effect on financial accounting practice; AI expert system has a positive and significant effect on management accounting practice; AI expert system has a positive and significant effect on auditing practice; AI expert system has a positive and significant effect on forensic accounting practice. In conclusion, the integration of AI into accounting practices has reached a level where its impact is both measurable and transformative, shaping the operational dynamics of professional accountants. The study recommends among others that audit regulators should mandate the standardization of AI-assisted audit protocols across all audit engagements to ensure uniformity, scalability, and compliance with international audit data analytics practices.
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