THE IMPACT OF AI ON INTERNAL AUDIT AND ACCOUNTING PRACTICES
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Authors:
• Adrian NICOLAU, email: adrian.nicolau10@gmail.com, Afiliation: Athenaeum University, Bucharest, RomaniaPages:
• 38|56 -
Keywords: Artificial Intelligence, Financial Audit, Linear Regression, Technology, Financial Analysis
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Abstract:
The technological evolution in the last decade has led to the extensive integration of Artificial Intelligence (AI) into various fields, including audit and accounting. This research addresses the profound transformation of audit and accounting methodologies through the integration of AI-based technologies. Focusing on the application of linear regression in financial data analysis, this study explores the efficiency and accuracy of AI in interpreting, analyzing, and predicting financial models. Using simulated data sets and implementing the model in Python, the results show a strong correlation between the level of AI implementation and audit efficiency. Our vision for the future suggests a deep collaboration between human capability and artificial intelligence, allowing for a more accurate and efficient audit. This transformation will require ongoing adaptation from professionals and industry regulations.
