Asian Journal of Economics, Business and Accounting

  • About
    • About the Journal
    • Submissions & Author Guideline
    • Accepted Papers
    • Editorial Policy
    • Editorial Board Members
    • Reviewers
    • Propose a Special Issue
    • Reprints
    • Subscription
    • Membership
    • Publication Ethics and Malpractice Statement
    • Digital Archiving Policy
    • Contact
  • Archives
  • Indexing
  • Publication Charge
  • Submission
  • Testimonials
  • Announcements
Advanced Search
  1. Home
  2. Archives
  3. 2019 - Volume 10 [Issue 1]
  4. Original Research Article

Submit Manuscript


Subscription



  • Home Page
  • Author Guidelines
  • Editorial Board Member
  • Editorial Policy
  • Propose a Special Issue
  • Membership

Artificial Intelligence: Opportunities, Issues and Applications in Banking, Accounting, and Auditing in Nigeria

  • Eno Gregory Ukpong
  • Imeofon Idongesit Udoh
  • Iniabasi Thomas Essien

Asian Journal of Economics, Business and Accounting, Page 1-6
DOI: 10.9734/ajeba/2019/v10i130099
Published: 22 February 2019

  • View Article
  • Download
  • Cite
  • Statistics
  • Share

Abstract


Artificial Intelligence (AI) could be a game-changer for business generally and  professional services in particular. With the rapid developments in machine learning, data mining and cognitive computing, the next decade promises to see huge leaps forward. While the excitement over the potential applications of AI is understandable, there are issues related to adaptation and application in developing countries, particularly Africa and indeed, Nigeria. This paper reviews the nature of accounting and auditing problems and the need for application of artificial intelligence (AI) technologies to the discipline. The discussion includes current accounting issues for which new AI development should be fruitful, particularly auditing. This research employed both a qualitative and quantitative research design. The study was carried out using a descriptive survey research design, employing secondary quantitative data. This study was conducted in Nigeria using stakeholders such as bank executives and university dons with majors in accounting and economics from Universities in Akwa Ibom State, Nigeria. Purposive sampling was used to select 45 stakeholders to form part of the sample. The researchers’ development instrument titled “Artificial Intelligence and the Future of Accounting in Africa Questionnaire” was used for data collection. The frequency and Mean were used to answer the research questions. This paper concludes with future roles of banks going forward and the impacts AI could have on auditing systems.


Keywords:
  • Artificial intelligence
  • automation
  • technological process reframing
  • workforce
  • expert systems
  • Full Article - PDF
  • Review History

How to Cite

Ukpong, E. G., Udoh, I. I., & Essien, I. T. (2019). Artificial Intelligence: Opportunities, Issues and Applications in Banking, Accounting, and Auditing in Nigeria. Asian Journal of Economics, Business and Accounting, 10(1), 1-6. https://doi.org/10.9734/ajeba/2019/v10i130099
  • ACM
  • ACS
  • APA
  • ABNT
  • Chicago
  • Harvard
  • IEEE
  • MLA
  • Turabian
  • Vancouver
  • Abstract View: 3802 times
    PDF Download: 2598 times

Download Statistics

Downloads

Download data is not yet available.
  • Linkedin
  • Twitter
  • Facebook
  • WhatsApp
  • Telegram
Make a Submission / Login
Information
  • For Readers
  • For Authors
  • For Librarians
Current Issue
  • Atom logo
  • RSS2 logo
  • RSS1 logo


© Copyright 2010-Till Date, Asian Journal of Economics, Business and Accounting. All rights reserved.