Download This PaperThe Impact of Artificial Intelligence on Corporate Control
Corporate Ownership & Control, 17(3), 171-178.
8 Pages Posted: 10 Jun 2020 Last revised: 4 Feb 2021
Date Written: April 8, 2020
Abstract
This paper investigates the relationship between artificial intelligence (AI) and corporate control in the United Arab Emirates (UAE) emerging market. An exploratory study was conducted to derive the research questions. The nonprobability purposive sampling technique was implemented to select 10 highly experienced interviewees. In-depth primary data was collected through semi-structured interviews during 2019. Qualitative content analysis was used to answer the research questions. The results show a positive impact of AI on firm productivity and the auditing process, but uncertain influence on accounting information systems. More specifically, AI intervention increases firm productivity, creates new jobs and speeds up work processes. However, current AI technology is less likely to redefine auditing roles and still insufficient for developing accounting information systems. Human integration with AI systems will lead to more efficient results. This paper increases our understanding of how AI techniques can improve corporate control practices and the importance of selecting appropriate accounting professionals to decrease AI operation risks.
Keywords: Artificial Intelligence, Firm Performance, Auditing, Accounting Information Systems, UAE
JEL Classification: M40, M41, M42
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