THE EXTENT TO WHICH ARTIFICIAL INTELLIGENCE TECHNOLOGIES

CONTRIBUTE TO SUPPORTING THE QUALITY OF PROFESSIONAL

PERFORMANCE OF ACCOUNTING AND AUDITING OFFICES

Prepared by:

Date:

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 TABLE OF CONTENTS

1. Introduction.............................................................................................................................3
2. Literature Review....................................................................................................................3
3. Research Objectives and Hypotheses.....................................................................................4
4. Methodology.............................................................................................................................4
5. Data Collection.........................................................................................................................5
6. Data Analysis...........................................................................................................................5
7. Financial Projections...............................................................................................................6
8. Expected Results......................................................................................................................6
9. Timeline....................................................................................................................................7
10. References............................................................................................................................7
11. Appendices...........................................................................................................................8

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 1. Introduction

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

in health care where AI has been used in disease diagnosis and in optimization of utilization of

health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

that AI is a novel innovation. This research proposal aims to investigate the extent to which

AI supports quality of accounting and audit processes by professional accountants and

auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

2. Literature Review

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

in health care where AI has been used in disease diagnosis and in optimization of utilization of

health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

that AI is a novel innovation. This research proposal aims to investigate the extent to which

AI supports quality of accounting and audit processes by professional accountants and

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auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

3. Research Objectives and Hypotheses

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

in health care where AI has been used in disease diagnosis and in optimization of utilization of

health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

that AI is a novel innovation. This research proposal aims to investigate the extent to which

AI supports quality of accounting and audit processes by professional accountants and

auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

4. Methodology

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

in health care where AI has been used in disease diagnosis and in optimization of utilization of

health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

that AI is a novel innovation. This research proposal aims to investigate the extent to which

4|Page
AI supports quality of accounting and audit processes by professional accountants and

auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

5. Data Collection

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

in health care where AI has been used in disease diagnosis and in optimization of utilization of

health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

that AI is a novel innovation. This research proposal aims to investigate the extent to which

AI supports quality of accounting and audit processes by professional accountants and

auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

6. Data Analysis

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

in health care where AI has been used in disease diagnosis and in optimization of utilization of

health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

5|Page
that AI is a novel innovation. This research proposal aims to investigate the extent to which

AI supports quality of accounting and audit processes by professional accountants and

auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

7. Financial Projections

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

in health care where AI has been used in disease diagnosis and in optimization of utilization of

health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

that AI is a novel innovation. This research proposal aims to investigate the extent to which

AI supports quality of accounting and audit processes by professional accountants and

auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

8. Expected Results

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

in health care where AI has been used in disease diagnosis and in optimization of utilization of

6|Page
health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

that AI is a novel innovation. This research proposal aims to investigate the extent to which

AI supports quality of accounting and audit processes by professional accountants and

auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

9. Timeline

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

in health care where AI has been used in disease diagnosis and in optimization of utilization of

health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

that AI is a novel innovation. This research proposal aims to investigate the extent to which

AI supports quality of accounting and audit processes by professional accountants and

auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

10. References

Artificial Intelligence (AI) are man-made machines that perform functions that require

intelligence when performed by people( Kurzweil, 1990) and hence appear to be intelligent. The

machine or the system is intelligent if it acts as if it is human(Turing,1950) e.g. extracting data from

invoices and financial documents the way a human accountant does or detecting anomalies in

transactions that may point to potential fraud the way a human auditor does. The rise of artificial

intelligence(AI) has made far reaching changes in various industries particularly in

manufacturing where AI driven robots have assisted in streamlining production processes and

7|Page
in health care where AI has been used in disease diagnosis and in optimization of utilization of

health resources. The impact of AI in Accounting and audit practice is beginning to be felt given

that AI is a novel innovation. This research proposal aims to investigate the extent to which

AI supports quality of accounting and audit processes by professional accountants and

auditors and whether AI enhances efficiency, accuracy and reliability in accounting and

auditing.

11. Appendices

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