Artificial Intelligence (AI) has become one of the most transformative technological
innovations influencing accounting practice worldwide. The integration of AI technologies into
accounting functions has significantly enhanced the efficiency, accuracy, transparency, and
reliability of financial reporting, auditing, taxation, management accounting, and forensic
accounting. In Nigeria, the increasing adoption of AI by accounting firms, financial
institutions, multinational corporations, and government agencies has reshaped traditional
accounting processes by automating repetitive tasks, improving analytical capabilities, and
strengthening fraud detection mechanisms. Despite these advancements, several challenges
continue to hinder the effective implementation of AI in accounting practice, including
inadequate digital infrastructure, shortage of AI-skilled accounting professionals,
cybersecurity threats, high implementation costs, ethical concerns, poor regulatory
frameworks, and resistance to technological change. This article examines the effect of
Artificial Intelligence on accounting practice in Nigeria by reviewing current conceptual,
theoretical, and empirical literature. The study adopts a quantitative survey research design
using primary data to demonstrate the relationship between AI adoption and accounting
performance indicators. The sample size is 400 respondents out of a population of 788. The
findings reveal that AI significantly improves accounting efficiency, financial reporting quality,
audit effectiveness, fraud detection capability, decision-making processes, and organizational
productivity. The study concludes that Artificial Intelligence represents the future of
accounting practice in Nigeria and recommends increased investment in digital infrastructure,
continuous professional development for accountants, regulatory reforms, curriculum
modernization in tertiary institutions, and stronger collaboration among professional
accounting bodies, policymakers, and technology developers to maximize the benefits of AI
while minimizing its associated risks.
S. J. Inyada· INTERNATIONAL JOURNAL OF SOC...· 0 citations
The increasing complexity of public financial transactions, rising accountability expectations, and
limitations associated with conventional audit approaches have created the need for innovative
technologies capable of improving auditing effectiveness. Artificial Intelligence (AI) has emerged
as a transformative technology with significant potential to reshape auditing practices through
automation, advanced data analytics, predictive modelling, and intelligent decision support. This
study examines the influence of Artificial Intelligence adoption on auditing practice within
Nigeria’s public sector, focusing on its effects on audit efficiency, fraud detection capability, and
audit quality. The study adopted a quantitative research approach using a structured
questionnaire administered to public sector auditors and accounting professionals. Data were
analysed using descriptive statistics, Pearson correlation, and multiple regression analysis. The
findings revealed that Artificial Intelligence adoption has a significant positive influence on audit
efficiency, fraud detection capability, and audit quality. The regression results showed that AI
adoption significantly improves audit outcomes by enabling faster data analysis, enhancing risk
identification, and strengthening the reliability of audit evidence. The study further revealed that
while AI provides substantial opportunities for improving public sector accountability, challenges
such as inadequate digital infrastructure, limited technological competencies, data governance
concerns, and ethical issues may constrain effective implementation. The study concludes that
Artificial Intelligence should be viewed as an enabling technology that complements professional
auditing judgment rather than replacing human auditors. It recommends strategic investment in
digital audit infrastructure, continuous AI-related capacity development for auditors, and the
establishment of appropriate governance frameworks to support responsible AI adoption within
Nigeria’s public sector auditing environment.
S. J. Inyada, Sule Joseph· WORLD JOURNAL OF INNOVATION...· 0 citations
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