Chapter 12: The Impact of Artificial Intelligence on Audit Quality to Achieve Business Sustainability

The chapter examines the impact of artificial intelligence (AI) on audit quality to achieve business sustainable practices, trying to find that using AI as a substitute for human intelligence affects auditors’ capability and experience, and it also affects audit process, starting from audit planning to the issuance of reporting to improve business sustainability. Based on the literature review about AI and audit quality, the chapter findings showed that AI adoption is a necessary requirement for auditors due to time constraints, accuracy requirements and job speed requirements. The impact of AI on audit quality is profound and multifaceted. By leveraging the capabilities of AI, auditors can enhance the accuracy, efficiency and objectivity of their work.

To guarantee that the application of AI benefits the auditing profession and the public it serves, it is imperative to solve the obstacles that come with it. AI has the ability to greatly improve audit quality, but its deployment needs to be closely monitored to prevent any early problems. With appropriate training, data and governance, AI can enhance the efficiency and effectiveness of audits, leading to more accurate and reliable financial reporting, which directly achieve business sustainability through enhancing financial reporting quality, investors’ confidence, corporate governance and mitigation of agency conflicts.