ARTIFICIAL INTELLIGENCE (AI) AND FINANCIAL STATEMENT AUDITS

This study therefore, assesses the effect of Artificial Intelligence (AI) on financial statement audits. Specifically, the study ascertained the effect of adoption of Artificial Intelligence (AI) in financial statement audits on improve audit outcomes, and the effect of Artificial Intelligence (AI) on the quality of financial statement audits. The study employed survey and exploratory research design. This study employed a purposive sampling technique to select auditors that actively use Artificial Intelligence (AI) in financial statement audits in Nigeria. The study employed descriptive statistics and ordinal logistic regression via specialized software (SPSS/STATA/R) with appropriate checks for computational accuracy. Since the calculated statistics 2.37 is greater than the tabulated statistics 1.638, we reject Ho and access p+ HI, and conclude that Artificial Intelligence has significant effect on the quality of financial statement audits. Since the calculated statistics 1.68 is greater we reject Ho and access H1, and conclude that the adoption of Artificial Intelligence (AI) in financial statement audits significantly improves audit outcomes.