“THE APPLICATION OF AI FOR AUDIT EFFICIENCY IN THE AREA OF STOCKTAKING: THE CASE OF FIVE PUBLIC ORGANISATIONS IN KSA”

Abstract

ABSTRACT The integration of artificial intelligence in various types of organisations has completely revolutionized the traditional process of the organisation. Artificial intelligence has been used as an auditing tool, but KSA public sectors rely on manual or semiautomatic technologies for auditing in stocktaking. This study investigates the implementation of AI, auditing efficiency and accuracy, challenges that artificial intelligence faces, and the scope of artificial intelligence in future technology developed and recommends effective technology for the KSA public organization Saudi ARAMCO, Saudi Arabian Airlines, Saudi Basic Industries Corporation, Saudi Electricity Company, and Ministry of Health. To achieve the aim of this research, the qualitative research approach was adopted, and the data was collected through interviews with 20 top managerial positional persons. Thematic analysis was used to analyse the interview transcript in a logical sequence. This research reveals that to achieve VISION 2030; the KSA public sector is interested in implementing artificial intelligence because this can optimise the process and enhance efficiency and accuracy. This research also reveals that AI has financial, technological, and other challenges but still has the scope for future technology developments and is also an effective technology for the KSA public organisations.

Keywords: Artificial intelligence (AI), auditing, stocktaking, KSA public sectors