The Application of Artificial Intelligence in Audit Practices in Nigeria
Abstract
This study empirically investigated the application of artificial intelligence in audit practices in Nigeria. In order to determine the relationship between Al and audit practices, AI (independent variable) was proxy using expert system (ES) and intelligent agents (IA) while audit practices was the dependent variable. Two hypotheses were formulated to guide the investigation and the statistical test of parameter estimates was conducted using least squares regression model operated with E-Views. 12. Survey design was adopted and data for the study was obtained through e-questionnaire survey sent to the various Staff WhatsApp Group Platform of the selected audit firms in Anambra State Nigeria. The results of the study showed that expert system and intelligent agents have positive and significant effect on audit practices in Nigeria. Based on this, the study concludes that the use of Al in audit ensures effective audit practices in Nigeria. The study therefore suggests the need for the application of Al in audit practices as the results of the study showed its significant influence on risk assessments and usefulness in fraud detection.
