Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
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This Author published in this journals
All Journal International Journal of Science and Society (IJSS)
Abalaka James Nda
Crown University International Chartered Inc
Education Environmental Science Languange, Linguistic, Communication & Media Public Health Social Sciences

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A Review of the Impact of Artificial Intelligence on Traditional Accounting Practices and Financial Reporting Abdullahi Ya'u Usman; Sulaiman Taiwo Hassan; Abalaka James Nda; Yusuf Adeyanju Yisau
International Journal of Science and Society (IJSS) Vol. 2 No. 1 (2026): June
Publisher : Marasofi International Media and Publishing (MIMP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64123/ijss.v2.i1.3

Abstract

Artificial Intelligence (AI) has emerged as a transformative technology that is reshaping traditional accounting practices and financial reporting systems. The growing complexity of financial transactions and the demand for accurate, real-time information have encouraged organizations to adopt AI-driven tools in accounting processes. This review aims to examine the impact of AI on conventional accounting practices, particularly in financial reporting, auditing, and decision-making. The study employed a systematic literature review and bibliometric analysis approach by examining peer-reviewed journal articles, conference papers, and industry publications related to AI and accounting. The findings reveal that AI significantly improves the efficiency, accuracy, and reliability of accounting operations through automation, predictive analytics, fraud detection, and real-time financial analysis. AI also enhances strategic decision-making by enabling accountants to generate data-driven insights and improve risk assessment processes. However, the study identifies several challenges, including high implementation costs, data privacy concerns, cybersecurity risks, resistance to organizational change, and the need for professionals with advanced technological competencies. The discussion highlights that while AI creates opportunities for innovation and operational effectiveness, ethical considerations and regulatory compliance remain critical issues. The study concludes that AI has the potential to fundamentally transform the accounting profession by shifting accountants’ roles from routine bookkeeping toward strategic and analytical functions. It is recommended that accounting professionals and organizations invest in continuous training, digital infrastructure, and ethical governance frameworks to maximize the benefits of AI adoption. The implications of this study emphasize the importance of integrating AI competencies into accounting education and professional practice to ensure sustainability and competitiveness in the digital era.
Accounting Standards Reporting in Digital Technologies: Exploring Benefits, Challenges, and Potential Risks Abalaka James Nda; Lukman Ojedele Lawal; Sulaiman Taiwo Hassan
International Journal of Science and Society (IJSS) Vol. 2 No. 1 (2026): June
Publisher : Marasofi International Media and Publishing (MIMP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64123/ijss.v2.i1.4

Abstract

The rapid advancement of digital technologies such as Artificial Intelligence (AI), machine learning, cloud computing, and big data analytics has significantly transformed accounting and financial reporting practices in the era of the Fourth Industrial Revolution. However, despite the increasing adoption of these technologies, there remains limited understanding regarding their overall benefits, risks, and implications for the accounting profession. This study aims to critically examine the impact of digital technologies on accounting standards reporting by exploring their advantages, challenges, and potential risks. The research employed a qualitative approach using a systematic literature review guided by the Technology Acceptance Model (TAM). Relevant peer-reviewed articles were collected from databases including Scopus, Web of Science, Google Scholar, and ScienceDirect, and analyzed using thematic analysis. The findings reveal that digital technologies improve accounting efficiency, enhance audit quality, reduce operational costs, support real-time financial reporting, and increase the accuracy and reliability of accounting information. Nevertheless, several challenges persist, including cybersecurity threats, data privacy concerns, inadequate digital competencies among accounting professionals, high implementation costs, and the risk of structural unemployment due to automation. The study concludes that digital transformation has become an essential component of modern accounting practices, offering substantial opportunities for improved performance while simultaneously introducing significant risks that require effective management. Therefore, accounting practitioners, educational institutions, and policymakers are encouraged to invest in digital infrastructure, cybersecurity systems, and continuous professional training. The findings provide important implications for the development of digital accounting policies, professional competency frameworks, and future research on technology-driven accounting practices. 
Co-Authors Abdullahi Ya'u Usman Lukman Ojedele Lawal Sulaiman Taiwo Hassan Sulaiman Taiwo Hassan Yusuf Adeyanju Yisau