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.
Highlights
In the past few years, organizations have been directed towards the adoption of artificial intelligence (AI) in their activities, especially in accounting and auditing fields
This paper investigates the relationship between artificial intelligence (AI) and corporate control in the United Arab Emirates (UAE) emerging market
This paper examines the impact of AI adoption on corporate control in the UAE emerging market
Summary
In the past few years, organizations have been directed towards the adoption of AI in their activities, especially in accounting and auditing fields. The adoption of AI in firms may increase the efficiency in organizations, they must be careful with monitoring the costs and updates required for intelligent systems to avoid any risk and uncertainty (Gotthardt et al, 2019). The current AI adoption process seems to vary across countries and even between companies in the same country (Gotthardt et al, 2019; Nickerson, 2019). This raises some doubts about the usefulness of this technology and allows companies to have concerns about whether adopting AI is worth it or not (Nickerson, 2019). More studies required to investigate what is the correct way to start AI adoption in firms
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