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The Role of Artificial Intelligence in Eliminating Accounting Errors

Author

Listed:
  • Moustafa Al Najjar

    (Accounting Department, Beirut Arab University, Beirut 1105, Lebanon)

  • Mohamed Gaber Ghanem

    (Accounting Department, Beirut Arab University, Beirut 1105, Lebanon
    Accounting Department, Alexandria University, Alexandria 21526, Egypt)

  • Rasha Mahboub

    (Accounting Department, Beirut Arab University, Beirut 1105, Lebanon)

  • Bilal Nakhal

    (Mathematics and Computer Science Department, Beirut Arab University, Beirut 1105, Lebanon)

Abstract

This study investigates the impact of artificial intelligence (AI) on reducing accounting errors from two distinct angles: that of accounting software developers and of certified public accountants. We employ a questionnaire-based approach informed by prior research and validated through pilot testing. Our findings reveal significant benefits for software developers. AI effectively addresses various accounting errors, including tax rate discrepancies, cutoff period inaccuracies, principal violations, concealed transactions, mathematical mistakes, and manipulation errors. However, when considering users, AI’s effectiveness varies. While it successfully mitigates certain errors, such as those related to principles, it falls short in eliminating mathematical errors. This research contributes fresh insights into the role of AI in accounting within emerging markets, enhancing our understanding of its potential and limitations.

Suggested Citation

  • Moustafa Al Najjar & Mohamed Gaber Ghanem & Rasha Mahboub & Bilal Nakhal, 2024. "The Role of Artificial Intelligence in Eliminating Accounting Errors," JRFM, MDPI, vol. 17(8), pages 1-15, August.
    • Handle: RePEc:gam:jjrfmx:v:17:y:2024:i:8:p:353-:d:1455482
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    References listed on IDEAS

    as
    1. Amelia S. Carr & Man Zhang & Inge Klopping & Hokey Min, 2010. "RFID Technology: Implications for Healthcare Organizations," American Journal of Business, Emerald Group Publishing Limited, vol. 25(2), pages 25-40, October.
    2. Firas Hashem & Rateb Alqatamin, 2021. "Role of Artificial Intelligence in Enhancing Efficiency of Accounting Information System and Non-Financial Performance of the Manufacturing Companies," International Business Research, Canadian Center of Science and Education, vol. 14(12), pages 1-65, December.
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