Table 2.

Perceived potential benefits of AI

Potential benefitsMeanSD
Review and use of large volumes of data5.141.18
Text and unstructured document analysis4.651.38
Automation of processes and controls4.611.37
Review of financial statements, reporting and reconciliation of accounts4.561.20
Detection and prioritisation of risk areas4.361.32
Predictive analytics and prevention and detection of irregularities, fraud and corruption4.321.37
Real-time and continuous auditing4.191.35
Regulatory compliance and legal audit4.121.37
Source(s): Authors’ own elaboration

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