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“The reports of my death are greatly exaggerated”—Artificial intelligence research in accounting

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  • Sutton, Steve G.
  • Holt, Matthew
  • Arnold, Vicky

Abstract

Gray et al. (2014) examined the productivity of expert systems/artificial intelligence research in accounting and came to the conclusion that both research on and practice use of expert systems/artificial intelligence had waned since the late 1990s. In our study, we reconsider these findings based on a broader view that is ‘artificial intelligence’ centric versus ‘expert systems’ centric. The results show that while there was a bit of a lull in the late 1990s, artificial intelligence research in accounting has continued to steadily increase over the past 30years. Further consideration of artificial intelligence techniques as embedded modules in integrated audit support systems also suggest that use by practice continues to be robust. Based on these findings, we make a call for much more research on the usability, and use, of artificial intelligence techniques in accounting domains. Contrary to earlier perceptions, the research domain remains vibrant and holds great potential for AIS researchers to take a leadership role in advancing the field.

Suggested Citation

  • Sutton, Steve G. & Holt, Matthew & Arnold, Vicky, 2016. "“The reports of my death are greatly exaggerated”—Artificial intelligence research in accounting," International Journal of Accounting Information Systems, Elsevier, vol. 22(C), pages 60-73.
    • Handle: RePEc:eee:ijoais:v:22:y:2016:i:c:p:60-73
    DOI: 10.1016/j.accinf.2016.07.005
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    1. O'Leary, Daniel E., 2008. "Gartner's hype cycle and information system research issues," International Journal of Accounting Information Systems, Elsevier, vol. 9(4), pages 240-252.
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    6. Gray, Glen L. & Chiu, Victoria & Liu, Qi & Li, Pei, 2014. "The expert systems life cycle in AIS research: What does it mean for future AIS research?," International Journal of Accounting Information Systems, Elsevier, vol. 15(4), pages 423-451.
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    Cited by:

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    3. Ivy Munoko & Helen L. Brown-Liburd & Miklos Vasarhelyi, 2020. "The Ethical Implications of Using Artificial Intelligence in Auditing," Journal of Business Ethics, Springer, vol. 167(2), pages 209-234, November.
    4. Bonsón, Enrique & Bednárová, Michaela & Perea, David, 2023. "Disclosures about algorithmic decision making in the corporate reports of Western European companies," International Journal of Accounting Information Systems, Elsevier, vol. 48(C).
    5. Khaldoon Al-Htaybat & Larissa von Alberti-Alhtaybat & Zaidoon Alhatabat, 2018. "Educating digital natives for the future: accounting educators’ evaluation of the accounting curriculum," Accounting Education, Taylor & Francis Journals, vol. 27(4), pages 333-357, July.
    6. Fábio Albuquerque & Paula Gomes Dos Santos, 2023. "Recent Trends in Accounting and Information System Research: A Literature Review Using Textual Analysis Tools," FinTech, MDPI, vol. 2(2), pages 1-27, April.
    7. Stancu Mirela Simina & Duţescu Adriana, 2021. "The impact of the Artificial Intelligence on the accounting profession, a literature’s assessment," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 749-758, December.
    8. Koreff, Jared & Weisner, Martin & Sutton, Steve G., 2021. "Data analytics (ab) use in healthcare fraud audits," International Journal of Accounting Information Systems, Elsevier, vol. 42(C).
    9. Diego Valentinetti & Michele A. Reaa, 2023. "Intelligenza artificiale e accounting: le possibili relazioni," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(2), pages 93-116.
    10. Kuang-Hua Hu & Fu-Hsiang Chen & Ming-Fu Hsu & Gwo-Hshiung Tzeng, 2023. "Governance of artificial intelligence applications in a business audit via a fusion fuzzy multiple rule-based decision-making model," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-31, December.
    11. Downen, Tom & Kim, Sarah & Lee, Lorraine, 2024. "Algorithm aversion, emotions, and investor reaction: Does disclosing the use of AI influence investment decisions?," International Journal of Accounting Information Systems, Elsevier, vol. 52(C).
    12. Saxton, Gregory D. & Guo, Chao, 2020. "Social media capital: Conceptualizing the nature, acquisition, and expenditure of social media-based organizational resources," International Journal of Accounting Information Systems, Elsevier, vol. 36(C).
    13. Marco Bellucci & Damiano Cesa Bianchi & Giacomo Manetti, 2021. "A literature review on blockchain in accounting research," Working Papers - Business wp2021_04.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    14. Kokina, Julia & Blanchette, Shay, 2019. "Early evidence of digital labor in accounting: Innovation with Robotic Process Automation," International Journal of Accounting Information Systems, Elsevier, vol. 35(C).
    15. Vicky Arnold, 2018. "The changing technological environment and the future of behavioural research in accounting," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(2), pages 315-339, June.
    16. Viorel-Costin Banța & Sînziana-Maria Rîndașu & Anca Tănasie & Dorian Cojocaru, 2022. "Artificial Intelligence in the Accounting of International Busi-nesses: A Perception-Based Approach," Sustainability, MDPI, vol. 14(11), pages 1-12, May.
    17. Moll, Jodie & Yigitbasioglu, Ogan, 2019. "The role of internet-related technologies in shaping the work of accountants: New directions for accounting research," The British Accounting Review, Elsevier, vol. 51(6).
    18. Sharbek Nermin, 2022. "How Traditional Financial Institutions have adapted to Artificial Intelligence, Machine Learning and FinTech?," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 837-848, August.
    19. Steen Nielsen, 2020. "Management accounting and the idea of machine learning," Economics Working Papers 2020-09, Department of Economics and Business Economics, Aarhus University.
    20. Chiu, Victoria & Liu, Qi & Muehlmann, Brigitte & Baldwin, Amelia Annette, 2019. "A bibliometric analysis of accounting information systems journals and their emerging technologies contributions," International Journal of Accounting Information Systems, Elsevier, vol. 32(C), pages 24-43.
    21. Jochen Fähndrich, 2023. "A literature review on the impact of digitalisation on management control," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 34(1), pages 9-65, March.
    22. Grégory Jemine & François-Régis Puyou & Florence Bouvet, 2024. "Technological innovation and the co-production of accounting services in small accounting firms," Post-Print hal-04325739, HAL.
    23. Steens, Bert & Bots, Jan & Derks, Koen, 2024. "Developing digital competencies of controllers: Evidence from the Netherlands," International Journal of Accounting Information Systems, Elsevier, vol. 52(C).

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