THE IMPACT OF ARTIFICIAL INTELLIGENCE ON FIDUCIARY ACCOUNTING PRACTICES
Abstract: Artificial intelligence (AI) is transforming fiduciary accounting practices, offering new tools for efficiency and accuracy. This study aims to (1) explore the impact of AI on fiduciary accounting, (2) evaluate the benefits and challenges of AI integration, and (3) identify best practices for leveraging AI in fiduciary accounting. A survey research design was selected to gather insights from fiduciary accountants on their experiences with AI technologies. The sample size, calculated using Taro Yamane’s formula, includes 250 fiduciary accountants, ensuring a representative dataset with a 95% confidence level and a 5% margin of error. The case study focuses on a fintech company in Lagos, at the forefront of AI adoption in fiduciary accounting. The reliability coefficient score for the survey was 0.90, indicating excellent reliability. Findings indicate that AI significantly enhances the accuracy and efficiency of fiduciary accounting processes, but also poses challenges such as the need for technical expertise and potential job displacement. The study recommends that fiduciary accounting firms invest in AI training programs and develop ethical guidelines for AI use to maximize its benefits while mitigating risks.
ABSTRACT
Blood clotting is a complex sequence of processes involving multiple proteins (factors) that must operate in a specific order to...
ABSTRACT
Stadium crowd referred to the number of people corning together in cluster for sporting activities and other events in the stadi...
ABSTRACT
Artificial Intelligence is a powerful technology that has taken the world by storm in the last decade. It has a wide range of ap...
ABSTRACT
This study identifies the roles of information communication...
ABSTRACT
The study is focused on a critical investiagation of banditry on rural community development using funtua local...
ABSTRACT
Forgery has long crept into our educational system and, counterfeit and forged admission status / certificate a...
ABSTRACT
In thus work the incidence of candidacies was studied using selected patients of university of Nigeria teaching...
Abstract: This research examines the impact of collaborative learning on adult education outcomes. The study aimed to investigate how collabor...
ABSTRACT
This study examines the domestic water supply and consumption in Ibadan north east local government area of Oyo state, Nigeria....
FIDUCIARY ACCOUNTING FOR CHARITABLE FUNDRAISING AND CAMPAIGNS
Abstract: Fiduciary accounting is essential for managing and reporting on c...