Using The Applications of artificial Intelligence In The Internal Control For Improving The Firm Financial Performance: A Case Study

Authors

  • Sondos Majed Reda Al-Jaafari Department of Accounting, faculty of Administration and Economics, University of Kufa
  • Ali Karim Khudair Hassan Department of Accounting, faculty of Administration and Economics, University of Kufa

Keywords:

Financial Reporting, artificial Intelligence, Internal Control, AI Applications

Abstract

Most economic units depend on conventional control techniques, which do not provide a complete picture of the unit functioning, necessitating current approaches, such as using artificial intelligence application systems to increase quality. The purpose of this paper is to investigate the role that internal control plays in achieving the goals and requirements of the unit's financial performance, as well as in overcoming some of the shortcomings humans cause by employing various techniques based on artificial intelligence. The findings indicate that using an artificial intelligence system improves the speed and efficiency with which a business operates. In addition, using this system helps a business make better decisions and advance to a higher stage of development and growth, particularly regarding its financial performance. This system also can supply management with information and ideas that assist in making choices on investments and bridging any gaps or difficulties that may arise in the future.

Published

2023-03-27

How to Cite

Majed Reda Al-Jaafari, . S. ., & Karim Khudair Hassan, A. . (2023). Using The Applications of artificial Intelligence In The Internal Control For Improving The Firm Financial Performance: A Case Study . Akkad Journal Of Contemporary Accounting Studies, 3(1), 1–13. Retrieved from https://journal.acefs.org/index.php/AJCAS/article/view/197