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2025-03-11
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Copyright (c) 2025 Dennis Onyekachi Awa, Dr. Chinenye Clara Akpa , Dr. Nkemjika Martina Nwaigwe
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Transformation Of Accounting Practice With Artificial Intelligence Technology: Evidence From Selected Ministries In Nigeria – The Way Forward
Dennis Onyekachi Awa
Department of Accounting (Business Education), FCE Ofeme Ohuhu Umuahia Abia State
Dr. Chinenye Clara Akpa
Federal College of Education Ofeme Ohuhu, Umuahia Abia State
Dr. Nkemjika Martina Nwaigwe
Enugu State College of Education (Technical) Enugu
Keywords: Artificial Intelligence, Accounting Practices, Public Sector, Digital Transformation, Nigeria, Ministries, Accountability
Abstract
This paper examines the transformation of accounting practices through the application of Artificial Intelligence (AI) technologies within selected ministries in Nigeria. As the demand for accuracy, speed, and transparency in public financial management increases, AI presents innovative solutions that can modernize accounting processes and enhance accountability. Using qualitative data collected from accounting professionals across five federal ministries, the study reveals both the potential benefits and the practical challenges associated with AI adoption. Key findings indicate low adoption levels due to limited technical capacity, infrastructural deficiencies, and policy gaps. However, where implemented, AI has improved the efficiency of reporting and fraud detection. The paper recommends strategic investment in capacity building, infrastructure development, and clear regulatory frameworks to fully harness the benefits of AI in public sector accounting. The study contributes to the discourse on digital transformation in governance and provides a roadmap for sustainable accounting reforms in Nigeria
References
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Brynjolfsson, E., & McAfee, A. (2017). The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies.
W.W. Norton & Company. Okoye, E., & Nwankwo, I. (2022). Challenges of adopting AI in Nigerian public sector accounting. International Journal of Accounting and Finance, 9(1), 70-85.