Comptabilité et marketing

Artificial Intelligence: Opportunities, Issues and Applications in Accounting and Auditing in Nigeria

Abstract

Eno Gregory Ukpong, Imefon Idongesit Udoh and Iniabasi Thomas Essien

Artificial Intelligence (AI) could be a game-changer for business generally and professional services in particular. With the rapid developments in machine learning, data mining and cognitive computing, the next decade promises to see huge leaps forward. While the excitement over the potential applications of AI is understandable, there are issues related to adaptation and application in developing countries, particularly Africa and indeed, Nigeria. This paper reviews the nature of accounting and auditing problems and the need for application of artificial intelligence (AI) technologies to the discipline. The discussion includes current accounting issues for which new AI development should be fruitful, particularly auditing. This paper concludes with future roles of banks going forward and the impacts AI could have on auditing systems.