Chapter 1: The Impact of Artificial Intelligence on Audit Quality

The chapter examining the impact of artificial intelligence (AI) on audit quality to achieve business sustainable practices, trying to found that using of AI as a substitute for human intelligence affects auditor’s capability and experience, from other hand affects audit process, starting from audit planning until issuance of reporting. Based on 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. However, it is important for auditors to be aware of the challenges and risks associated with AI and to take steps to mitigate these risks. Where cybersecurity is a protection line for external threats and it is considered as a new risk management tool.