Publication Date
Spring 5-1-2018
School
School of Business
Major
Accounting; Business Administration; Business: Economics; Business: Finance; Business: Management; Business: Management Information Systems
Keywords
Artificial Intelligence, Accounting, AI, Audit, Tax
Disciplines
Accounting
Recommended Citation
Blackwell, Lucas, "Audit and AI: Can Artificial Intelligence Restore Public Trust?" (2018). Senior Honors Theses. 902.
https://digitalcommons.liberty.edu/honors/902
Abstract
Due to the fallout from a series of corporate fraud scandals in the late 2000s, the auditing world has lost much of the public trust that is very important to the profession. Much of the value of an audit opinion is determined by the trust the public places in the auditors behind the opinion. Without trust in the auditors, the audit opinion has very little value. The recent increase in the usage of artificial intelligence (AI) in many industries presents a solution to the problem of auditors. Increased usage of AI in the audit process has the potential to better meet public demand for an audit as well as restore public trust.
