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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | The Role of Artificial Intelligence in Auditing: Current Applications and Future Prospects |
| Authors Name: | Harshini Srinivas , Vidyashree C |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_220655
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| Published Paper Id: | IJNRDTH00148 |
| Published In: | Volume 9 Issue 5, May-2024 |
| DOI: | |
| 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. |
| Keywords: | Keywords: Artificial Intelligence, Auditing, Current Applications, Future Prospects, Audit Quality, Efficiency, Role of Auditors. |
| Cite Article: | "The Role of Artificial Intelligence in Auditing: Current Applications and Future Prospects", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 5, page no.572-617, May-2024, Available :http://www.ijnrd.org/papers/IJNRDTH00148.pdf |
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| 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 |
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Published Paper ID:IJNRDTH00148 Registration ID: 220655 Published In: Volume 9 Issue 5, May-2024 DOI (Digital Object Identifier): Page No: 572-617 Country: Bengaluru, Karnataka, India Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRDTH00148 Published Paper PDF: https://www.ijnrd.org/papers/IJNRDTH00148 |
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ISSN: 2456-4184
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