This study examined the effect of artificial intelligence on the quality of audit practice in Nigeria. Specifically, examined how expert systems, machine learning, and intelligent agents affect audit quality in Nigeria. The study employed a survey research design. The population of this study comprised 178 practicing accounting firms in Nigeria with the application of artificial intelligence. A sample size of 125 was selected using the purposive sampling technique. Data was obtained from primary sources using a well-structured questionnaire. Data were analysed using descriptive statistics and OLS regression analysis. The result of the study indicated that expert systems, machine learning, and intelligent agents exhibited a significant positive relationship to audit quality in Nigeria. Thus, the study concluded that the application of artificial intelligence positively influences the quality of auditors’ reports. With the positive impact made by artificial intelligence, in the coming decades, intelligent systems will take over more and more decision-making tasks from humans. The study recommended constant training of accountants and audit personnel on the use of AI techniques for the improvement of audit quality. Audit firms in Nigeria should invest in machine learning tools to further improve audit quality in the country. Also, the use of intelligent agents that assist in the classification of detecting objects into different categories should be increased among audit firms in Nigeria. Keywords: Artificial Intelligence, Expert Systems, Machine Learning, Intelligent Agents, Audit Quality. JEL Classification: M42, M49, C451. Journal Reference Format: Dagunduro, M.E., Falana, G.A., Adewara, Y.M. & Busayo, T.O. (2023): Application of Artificial Intelligence and Audit Quality in Nigeria. Humanities, Management, Arts, Education & the Social Sciences Journal. Vol. 11. No. 1, Pp 39-56. www.isteams.net/humanitiesjournal . dx.doi.org/10.22624/AIMS/HUMANITIES/V11N1P4
The performance and growth of business enterprises, especially small and medium enterprises (SMEs), have been hindered by a multiplicity of taxes causing the untimely liquidation of most businesses. In this regard, this study examined the effect of multiple taxations on the financial performance of SMEs in Ekiti State, Nigeria. The study used a survey research method and analyzed it with correlation coupled with multiple regression analysis. The population comprises all registered and functional SMEs located in Ado Ekiti, Nigeria, and have been in existence for over 5 years with valid proof of tax payment. The results found that multiple tax burdens and multiple tax administrations exhibited a significant negative relationship with the financial performance of SMEs in Ekiti State, Nigeria, while the ability to pay tax revealed a significant positive relationship. From the aforementioned results, it was concluded that multiple taxes served as a worm that deeply reduced the investment potential of SMEs and invariably affected the chunk of revenue generated by the sector in the state. It was therefore suggested that the Joint Tax Board in the state and other institutions responsible for multiple tax management should awaken to their functions and harmonize all government revenue to prevent the occurrence of multiple taxes from causing a burden and hindering the survival of SMEs in the state.
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