Paper Title
The Role of Artificial Intelligence in Auditing: Current Applications and Future Prospects
Article Identifiers
Authors
Harshini Srinivas , Vidyashree C
Keywords
Keywords: Artificial Intelligence, Auditing, Current Applications, Future Prospects, Audit Quality, Efficiency, Role of Auditors.
Abstract
Abstract Artificial Intelligence (AI) is reshaping the landscape of auditing, offering new avenues for improving efficiency, accuracy, and effectiveness. This study delves into the current applications and future prospects of AI in auditing, focusing on its impact on audit quality and the evolving role of auditors. AI is currently employed in auditing to automate repetitive tasks, process vast amounts of data rapidly, and identify patterns that may indicate errors or fraud. These capabilities have significantly enhanced audit quality by enabling auditors to conduct more thorough and comprehensive audits. Additionally, AI facilitates continuous auditing by providing real-time analysis of financial transactions, enabling auditors to identify and address issues promptly. Looking ahead, the future of AI in auditing holds great promise. Advancements in AI technologies, including machine learning and natural language processing, are expected to further revolutionize audit processes. AI-driven tools will become more sophisticated, allowing auditors to analyze complex data sets more effectively and detect subtle patterns that may signal irregularities. In conclusion, AI has the potential to transform auditing practices, enhancing audit quality, efficiency, and the role of auditors. By embracing AI technologies and adapting to the changing audit landscape, auditors can position themselves for success in the future of auditing.
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How To Cite
"The Role of Artificial Intelligence in Auditing: Current Applications and Future Prospects", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 5, page no.572-617, May-2024, Available :https://ijnrd.org/papers/IJNRDTH00148.pdf
Issue
Volume 9 Issue 5, May-2024
Pages : 572-617
Other Publication Details
Paper Reg. ID: IJNRD_220655
Published Paper Id: IJNRDTH00148
Downloads: 000121406
Research Area: Commerce
Country: Bengaluru, Karnataka, India
Published Paper PDF: https://ijnrd.org/papers/IJNRDTH00148.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRDTH00148
About Publisher
Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJNRD (IJ Publication) Janvi Wave
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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition


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