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
The research work focuses on the causes of Premarital Sex among Secondary School Girls and Its...
Statement of the Research Problem
Industrialization, discovery of crude oil as a source of fuel and most human activities have impacted t...
Abstract: Innovations in promoting lifelong learning habits among vocational educators are...
STATEMENT OF THE PROBLEM
Insurgency has really caused destruction, poverty and many individuals have lost their life dur...
ABSTRACT
Atmospheric researchers, meteorologists, and farmers continue to face difficulties in assessing real-time weather data. This pro...
ABSTRACT
The psalms explored the full range of human experience in a very personal and practical way. Its 50 “song...
ABSTRACT
The study was carried out to determine the Influence of Word-Processing and Shorthand Skills on professional secretaries functio...
Abstract
Waste Management is pertinent in achieving sustainable Development, which is fuelled by the growing concern fo...
ABSTRACT
Social media use has increased tremendously, with an estimated 3.5 billion users globally. A significant number of that populati...
ABSTRACT
Strategic planning process determines the long-term objectives of an organiza...