The impact of artificial intelligence and Industry 4.0 on transforming accounting and auditing practices
The main aim is to investigate the impact of artificial intelligence (AI), Industry 4.0 readiness, and Technology Acceptance Model (TAM) variables on various aspects of accounting and auditing operations. To evaluate the associations between the variables, the research design employs a mediation and...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-03-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S219985312400012X |
| _version_ | 1797217107332562944 |
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| author | Abdulwahid Ahmad Hashed Abdullah Faozi A. Almaqtari |
| author_facet | Abdulwahid Ahmad Hashed Abdullah Faozi A. Almaqtari |
| author_sort | Abdulwahid Ahmad Hashed Abdullah |
| collection | DOAJ |
| description | The main aim is to investigate the impact of artificial intelligence (AI), Industry 4.0 readiness, and Technology Acceptance Model (TAM) variables on various aspects of accounting and auditing operations. To evaluate the associations between the variables, the research design employs a mediation and path approach using SMART PLS. The study employs a convenience sampling method, which is augmented with snowball sampling. The sample size was determined using various techniques, yielding a final sample of 228 respondents. The findings indicate that leveraging AI, big data analytics, cloud computing, and deep learning advancements can improve accounting and auditing practices. AI technologies assist businesses in increasing their efficiency, accuracy, and decision-making capabilities, resulting in improved financial reporting and auditing processes. The study contributes to the theoretical explanation of the influence of AI adoption in accounting and auditing practices in the context of an emerging country, Saudi Arabia. The findings of the study have practical implications for accounting and auditing practitioners, policymakers, and scholars. The findings of this study can assist businesses in efficiently leveraging AI developments to improve their accounting and auditing operations. Policymakers can use the findings to create supporting frameworks and regulations that encourage the adoption and integration of artificial intelligence in the domain. These findings contribute to the existing stock of knowledge on the use of AI in accounting and auditing, as well as providing evidence of its benefits in the context of an emerging country. |
| first_indexed | 2024-03-08T06:21:26Z |
| format | Article |
| id | doaj.art-7c9b5053085d4fa196e2d4fcea77ab30 |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-04-24T11:56:36Z |
| publishDate | 2024-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-7c9b5053085d4fa196e2d4fcea77ab302024-04-09T04:12:57ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312024-03-01101100218The impact of artificial intelligence and Industry 4.0 on transforming accounting and auditing practicesAbdulwahid Ahmad Hashed Abdullah0Faozi A. Almaqtari1Department of Accounting, Prince Sattam Bin Abdulaziz University, Al-Kharj, Saudi ArabiaDepartment of Accounting and Finance, College of Business Administration, A’Sharqiyah University (ASU), Ibra, Oman; Corresponding author.The main aim is to investigate the impact of artificial intelligence (AI), Industry 4.0 readiness, and Technology Acceptance Model (TAM) variables on various aspects of accounting and auditing operations. To evaluate the associations between the variables, the research design employs a mediation and path approach using SMART PLS. The study employs a convenience sampling method, which is augmented with snowball sampling. The sample size was determined using various techniques, yielding a final sample of 228 respondents. The findings indicate that leveraging AI, big data analytics, cloud computing, and deep learning advancements can improve accounting and auditing practices. AI technologies assist businesses in increasing their efficiency, accuracy, and decision-making capabilities, resulting in improved financial reporting and auditing processes. The study contributes to the theoretical explanation of the influence of AI adoption in accounting and auditing practices in the context of an emerging country, Saudi Arabia. The findings of the study have practical implications for accounting and auditing practitioners, policymakers, and scholars. The findings of this study can assist businesses in efficiently leveraging AI developments to improve their accounting and auditing operations. Policymakers can use the findings to create supporting frameworks and regulations that encourage the adoption and integration of artificial intelligence in the domain. These findings contribute to the existing stock of knowledge on the use of AI in accounting and auditing, as well as providing evidence of its benefits in the context of an emerging country.http://www.sciencedirect.com/science/article/pii/S219985312400012XArtificial IntelligenceIndustry 4.0 readinessTechnology acceptance modelAccounting educationAuditing practicesAccounting practices |
| spellingShingle | Abdulwahid Ahmad Hashed Abdullah Faozi A. Almaqtari The impact of artificial intelligence and Industry 4.0 on transforming accounting and auditing practices Journal of Open Innovation: Technology, Market and Complexity Artificial Intelligence Industry 4.0 readiness Technology acceptance model Accounting education Auditing practices Accounting practices |
| title | The impact of artificial intelligence and Industry 4.0 on transforming accounting and auditing practices |
| title_full | The impact of artificial intelligence and Industry 4.0 on transforming accounting and auditing practices |
| title_fullStr | The impact of artificial intelligence and Industry 4.0 on transforming accounting and auditing practices |
| title_full_unstemmed | The impact of artificial intelligence and Industry 4.0 on transforming accounting and auditing practices |
| title_short | The impact of artificial intelligence and Industry 4.0 on transforming accounting and auditing practices |
| title_sort | impact of artificial intelligence and industry 4 0 on transforming accounting and auditing practices |
| topic | Artificial Intelligence Industry 4.0 readiness Technology acceptance model Accounting education Auditing practices Accounting practices |
| url | http://www.sciencedirect.com/science/article/pii/S219985312400012X |
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