Evaluating The Impact Of Artificial Intelligence On Audit Quality And The Work Of External Auditors In Harare. Study Of Deloitte And Touché Zimbabwe · Electronic Theses and Dissertations

Author

Monalisa Chisuko

Title

Evaluating The Impact Of Artificial Intelligence On Audit Quality And The Work Of External Auditors In Harare. Study Of Deloitte And Touché Zimbabwe

Abstract

This research aimed to evaluate the impact of AI on audit quality and the work of external auditors in Harare, a case study of Deloitte and Touché Zimbabwe( sited in Harare). The functions of auditing have been advanced through the use of technology from the usage of pen and papers to the vast usage of advanced technologies. The objectives of this study were to determine the relationship between AI and audit quality and the work of external auditors, the impact of AI on work efficiency and effectiveness and also on audit quality, how AI-associated procedures impact material misstatements detection as well as assessing audit risks and to identify auditors’ skills and knowledge requirements in an AI-based audit environment. The research employed a mixed research approach by collecting data through questionnaires under quantitative approach and conducting interviews, examining past articles, journals and the firm’s website under qualitative approach. 42 participants were the target population consisting entry-level auditors, middle-level auditors, audit associates, managers and partners and, 38 participants were the sample size determined by Yamani formular. The collected data was analyzed using SPSS version 20.0 and presented using bar graphs, pie charts and tables. Multivariate regression analysis was conducted to determine the relationship between AI and audit quality as well as the work of external auditors. The research findings were that AI has a positive impact on audit quality and the work of external auditors due to its capabilities of automating repetitive tasks, extract relevant data, identifying anomalies and carrying out audit procedures effectively and efficiently. The research recommends that for auditors and local based auditing firms to enjoy these benefits are encouraged to acquire new set of skills and knowledge which includes effective communication, critical thinking, technical skills and decision making.

Date

June 2024

Publisher

BUSE

Keywords

Artificial Intelligence

Audit Quality

External Auditors

Supervisor

N/A