Oluwatobi Opeyemi Adeyelu’s scientific contributions

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Publications (3)


THE IMPACT OF ARTIFICIAL INTELLIGENCE ON ACCOUNTING PRACTICES: ADVANCEMENTS, CHALLENGES, AND OPPORTUNITIES
  • Article
  • Full-text available

April 2024

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5,498 Reads

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5 Citations

International Journal of Management & Entrepreneurship Research

Oluwatobi Opeyemi Adeyelu

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Chinonye Esther Ugochukwu

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This paper explores the multifaceted impact of Artificial Intelligence (AI) on accounting practices, addressing key dimensions of advancements, challenges, and opportunities. The definition of AI in accounting is established, tracing its historical context. Advancements are detailed, encompassing the automation of routine tasks, predictive analytics, and fraud detection. Challenges in implementation, including data quality issues, workforce adaptation, and ethical considerations, are discussed. Opportunities arising from AI integration, such as enhanced decision-making, cost reduction, and strategic financial management, are highlighted through case studies. The evolving role of accountants in the AI era is examined, emphasizing a shift towards strategic interpretation and decision-making. Future trends, including the integration of AI with emerging technologies, continued advancements in machine learning, and regulatory implications, are explored. The conclusion recaps key advancements, challenges, and opportunities, envisioning a future where AI and accountants collaborate to shape a dynamic and resilient landscape for accounting practices.. Keywords: Artificial Intelligence, Accounting, Advancements, Challenges, and Opportunities.

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AUTOMATING FINANCIAL REGULATORY COMPLIANCE WITH AI: A REVIEW AND APPLICATION SCENARIOS

April 2024

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303 Reads

Finance & Accounting Research Journal

This scholarly paper delves into the transformative realm of Artificial Intelligence (AI) in financial regulatory compliance, offering a classical and engaging exploration of its multifaceted impact. Against an increasingly complex financial landscape backdrop, the study aims to unravel the intricacies of AI integration in compliance models, juxtaposing traditional methodologies with cutting-edge AI-driven approaches. The scope of the paper encompasses a systematic literature review and qualitative analysis, focusing on the evolution of AI in financial services, its necessity for enhanced compliance efficiency, and a comparative analysis of traditional versus AI-driven compliance models. The study synthesizes findings from diverse peer-reviewed articles, case studies, and comparative analyses by employing a meticulous methodology. It illuminates the state-of-the-art AI technologies in financial compliance, evaluates their effectiveness in various regulatory contexts, and identifies key performance indicators for AI compliance. The paper also critically examines the challenges and limitations observed in AI compliance solutions alongside emerging trends and future directions. The main conclusions reveal that AI significantly enhances compliance efficiency and accuracy, adeptly addresses complex regulatory challenges, and has strategic implications for financial institutions. However, the study also highlights the need for balancing innovation with regulatory and ethical compliance. Recommendations include the adoption of proactive regulatory frameworks, stakeholder engagement, and the development of robust AI governance models. This paper contributes to the academic discourse on AI in financial services, guiding policymakers, regulators, and industry practitioners. It advocates for a harmonized approach to AI integration, ensuring responsible and effective utilization in the financial sector. Keywords: Artificial Intelligence, Financial Regulatory Compliance, Systematic Literature Review, AI Technologies, Regulatory Challenges, Strategic Implications.


ETHICAL IMPLICATIONS OF AI IN FINANCIAL DECISION – MAKING: A REVIEW WITH REAL WORLD APPLICATIONS

April 2024

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2,767 Reads

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1 Citation

International Journal of Applied Research in Social Sciences

This study delves into the ethical implications of Artificial Intelligence (AI) in financial decision-making, exploring the transformative impact of AI technologies on the financial services sector. Through a comprehensive literature review, the research highlights the dual nature of AI's integration into finance, showcasing both its potential to enhance operational efficiency and decision accuracy and the ethical challenges it introduces. These challenges include concerns over data privacy, algorithmic bias, and the potential for systemic risks, underscoring the need for robust ethical frameworks and regulatory standards. The study emphasizes the importance of a multidisciplinary approach to AI development and deployment, advocating for collaboration among technologists, ethicists, policymakers, and end-users to ensure that AI technologies are aligned with societal values and ethical principles. Future directions for research are identified, focusing on the development of adaptive ethical guidelines, methodologies for embedding ethical principles into AI systems, and the investigation of AI's long-term impact on market dynamics and consumer behaviour. This research contributes valuable insights into the ethical integration of AI in finance, offering recommendations for ensuring that AI technologies are utilized in a manner that is both ethically sound and conducive to the advancement of the financial services industry. Keywords: Artificial Intelligence, Financial Decision-Making, Ethical Implications, Algorithmic Bias, Data Privacy, Regulatory Standards, Multidisciplinary Approach.

Citations (1)


... En outre, l'étude réalisée par Ping, (2021) a établi que le XBRL (eXtensible Business Reporting Language) est désormais un langage informatique normalisé utilisé pour communiquer des données financières et comptables, permettant de faciliter l'échange d'informations entre les différentes entreprises et les contrôleurs de gestion, tout en améliorant l'efficacité et la fiabilité des processus financiers. Aussi, les contrôleurs de gestion utilisent l'exploration de données pour découvrir des modèles potentiels dans une grande quantité de données complexes et pour transformer les données en connaissances utiles, comme étant une couche de sélection des connaissances de l'information (D.. Ceci signifie que le contrôle de gestion fait appel à des mécanismes technologiques pour mesurer les performances et limiter le déficit et l'asymétrie d'information, et augmenter l'offre d'information(Fähndrich, 2023), de sorte que l'IA interprète et produise le langage humain et simplifie le processus d'informations financières(Adeyelu et al., 2024). Par ailleurs, l'analyse approfondie de (Jacob et al., 2021) a fait ressortir que les contrôleurs de gestion doivent disposer des compétences nécessaires pour intégrer l'intelligence artificielle afin de stimuler l'innovation, de réaliser des gains d'efficacité et de productivité et de faciliter la planification et le suivi ainsi que la prise de décisions stratégiques. ...

Reference:

Proposal of a conceptual model to assess the role of AI in improving performance organizational and organizational agility through management control
THE IMPACT OF ARTIFICIAL INTELLIGENCE ON ACCOUNTING PRACTICES: ADVANCEMENTS, CHALLENGES, AND OPPORTUNITIES

International Journal of Management & Entrepreneurship Research