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Artificial Intelligence in Auditing: A Conceptual Framework for Auditing Practices

Author

Listed:
  • Diogo Leocádio

    (Department of Military Sciences, Portuguese Military Academy and CINAMIL, Avenida Conde Castro Guimarães, 2720-113 Lisbon, Portugal)

  • Luís Malheiro

    (Department of Administration and Leadership, Portuguese Military Academy and CINAMIL, Avenida Conde Castro Guimarães, 2720-113 Amadora, Portugal)

  • João Reis

    (Industrial Engineering and Management, Faculty of Engineering, Lusófona University, Campo Grande, 1749-024 Lisbon, Portugal
    RCM2+ Research Centre for Asset Management and Systems Engineering, Lusófona University, Campo Grande, 376, 1749-024 Lisbon, Portugal
    Research Unit on Governance, Competitiveness and Public Policies (GOVCOPP), Aveiro University, Campus Universitário de Santiago, 3810-193 Aveiro, Portugal)

Abstract

The transition to digital business systems has revolutionized organizational operations, driven by the integration of advanced technologies such as artificial intelligence (AI). This integration indicates a shift, redefining traditional practices and enhancing efficiency across diverse sectors such as finance, healthcare, and manufacturing. This study explores the impact of AI on auditing through a systematic literature review to develop a conceptual framework for auditing practices. The theoretical implications show the transformative role of AI in redefining auditors’ roles, shifting from retrospective examination to proactive real-time monitoring. Moreover, managerial contributions stress the benefits of AI integration, enabling informed decision-making in risk analysis, financial management, and regulatory compliance. Future research should explore AI’s influence on auditing efficiency, performance, regulatory challenges, and auditor adaptation. Overall, this study underlines the importance for organizations to embrace AI integration in auditing practices, fostering innovation, competitiveness, and resilience.

Suggested Citation

  • Diogo Leocádio & Luís Malheiro & João Reis, 2024. "Artificial Intelligence in Auditing: A Conceptual Framework for Auditing Practices," Administrative Sciences, MDPI, vol. 14(10), pages 1-16, September.
    • Handle: RePEc:gam:jadmsc:v:14:y:2024:i:10:p:238-:d:1488348
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