Artificial Intelligence In Auditing And Accounting

Running head: ARTIFICIAL INTELLIGENCE IN AUDITING AND ACCOUNTING
ARTIFICIAL INTELLIGENCE IN AUDITING AND ACCOUNTING
Name of the Student:
Name of the University:
Total Word Count:
Author Note:

ARTIFICIAL INTELLIGENCE IN AUDITING AND ACCOUNTING1
Abstract
Several business organizations are witnessing arrival of Artificial Intelligence with its huge
and compelling advantages. Evolution of auditing will also take place with application of
Artificial Intelligence. Recently, progressive evolution in technology is observed which aims
in creating “Artificially Intelligent” products and devices. The section of auditing has seen
lag in adoption of business in past however is prime to partial automation as for decision
structure range and labour intensiveness. This research paper proposes several areas of
Artificial Intelligence for examining where the technology might be essential and promising.
This research paper also demonstrates the methodology used for this research and the
research questions which are address in this research.

ARTIFICIAL INTELLIGENCE IN AUDITING AND ACCOUNTING2
Table of Contents
1. Introduction........................................................................................................................4
1.1 Introduction......................................................................................................................4
1.2 Research Background.......................................................................................................4
1.3 Research Questions..........................................................................................................5
1.4 Research Objectives.........................................................................................................6
2. Literature Review...............................................................................................................7
2.1 Managerial Implication....................................................................................................8
2.2 Adoption of Artificial Intelligence in Organizations.......................................................8
2.3 AI Conceptualization in Auditing....................................................................................9
2.3.1 Sensors......................................................................................................................9
2.3.2 Meta-Processes/ Meta-Controls..............................................................................10
2.3.3 Measurement Quality or Exogenous Measurement................................................10
2.3.4 Rapid Detection in Phenomena...............................................................................10
2.3.5 Evidence Integration...............................................................................................11
2.4 Effect of Artificial Intelligence in Auditing...................................................................11
2.5 Automation Tools for Audit...........................................................................................12
3. Research Design...................................................................................................................13
3.1 Data Collection Method.................................................................................................13
3.2 Data Analysis Method...............................................................................................13
3.3 Sampling Plan............................................................................................................13

ARTIFICIAL INTELLIGENCE IN AUDITING AND ACCOUNTING3
3.4 Research Limitations.................................................................................................13
4. Ethical Consideration.......................................................................................................14
5. Conclusion........................................................................................................................15
References................................................................................................................................17