The Role of Artificial Intelligence in Eliminating Accounting Errors

This study investigates the impact of artificial intelligence (AI) on reducing accounting errors from two distinct angles: that of accounting software developers and of certified public accountants. We employ a questionnaire-based approach informed by prior research and validated through pilot testing. Our findings reveal significant benefits for software developers. AI effectively addresses various accounting errors, including tax rate discrepancies, cutoff period inaccuracies, principal violations, concealed transactions, mathematical mistakes, and manipulation errors. However, when considering users, AI’s effectiveness varies. While it successfully mitigates certain errors, such as those related to principles, it falls short in eliminating mathematical errors. This research contributes fresh insights into the role of AI in accounting within emerging markets, enhancing our understanding of its potential and limitations.

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Publication Details

Journal
Journal of risk and financial management
Published
2024-08-13
DOI
https://doi.org/10.3390/jrfm17080353
Citations
16
Primary Topic
Auditing, Earnings Management, Governance
Type
article
Field-Weighted Citation Impact
15.14
Controls
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article

The Role of Artificial Intelligence in Eliminating Accounting Errors

Mohamed Gaber Ghanem, Rasha Mahboub, Bilal Nakhal, Moustafa Al Najjar
16 citations
Journal of risk and financial management
Auditing, Earnings Management, Governance
15.14
article

The Role of Artificial Intelligence in Eliminating Accounting Errors

Mohamed Gaber Ghanem, Rasha Mahboub, Bilal Nakhal, Moustafa Al Najjar
article en
16 citations

Abstract

This study investigates the impact of artificial intelligence (AI) on reducing accounting errors from two distinct angles: that of accounting software developers and of certified public accountants. We employ a questionnaire-based approach informed by prior research and validated through pilot testing. Our findings reveal significant benefits for software developers. AI effectively addresses various accounting errors, including tax rate discrepancies, cutoff period inaccuracies, principal violations, concealed transactions, mathematical mistakes, and manipulation errors. However, when considering users, AI’s effectiveness varies. While it successfully mitigates certain errors, such as those related to principles, it falls short in eliminating mathematical errors. This research contributes fresh insights into the role of AI in accounting within emerging markets, enhancing our understanding of its potential and limitations.

Journal of risk and financial managementVol. 17(8)
Beirut Arab University (LB), Alexandria University (EG)
Peace, Justice and strong institutions
Openalex Percentile: Top 1%
Auditing, Earnings Management, Governance
15.14
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The Role of Artificial Intelligence in Eliminating Accounting Errors — Mohamed Gaber Ghanem, Rasha Mahboub, et al. · Journal of risk and financial management (2024) | TGRS Research Map | TGRS