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Author
Silas Chinweze Echefu (Ph.D)
Department of Accounting and Finance, Faculty of Arts Management and Social Sciences, Spiritan University Nneochi, Abia State
[email protected], 08034737658
Abstract
The study examined the effect of Artificial Intelligence on the Auditing of Financial Statements of Corporate Organizations in Nigeria. The specific objectives are to; examine the effect of Data Analytics on the Auditing of Financial Statements of Corporate Organizations in Nigeria.
The effect of Machine Learning Algorithms on the Auditing of Financial Statements of Corporate Organizations in Nigeria was evaluated. A descriptive survey design was adopted for the study. Primary data were collected using a structured questionnaire design with a five-point Liter scale. The data collected were analyzed using multiple regression analysis to test the hypotheses. Statistical software such as SPSS 29.0 was used to conduct the analysis. The result revealed that Data Analytics has a significant positive effect on the Auditing of Financial Statements of Corporate Organizations with a P-value of (p=.001<0.05). Also, Machine Learning Algorithms have a significant positive effect on the Auditing of Financial Statements of Corporate Organizations with a P-value of (p=.013<0.05) in Nigeria. The study concluded that Artificial Intelligence has a significant positive effect on the Auditing of Financial Statements of Corporate Organizations in Nigeria. It is recommended among others that Companies should prioritize implementing advanced data analytics to enhance the accuracy and efficiency of audit processes, allowing auditors to analyze large datasets comprehensively and detect irregularities effectively.
Key words: Artificial, Auditing, Financial, Intelligence, Statements.
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