A Study of the Impact of Internal Control Measures on ease of use of Forensic Audit Mediated by Artificial Intelligence Techniques

Abstract

Banks and other financial institutions are the operative engines of the economy. India is witnessing several challenges to trace the fraudulent financial transactions as the fraudsters are now employing innovative methods. In the current scenario, the role of auditors and professionals are important to track down these financial scams and fraud transactions to ensure the transparency and accuracy in the day-to-day auditing activities. This paper investigates the mediating role of artificial intelligence on the perceived usefulness (PU) of the various forensic auditing services (FAS) in tracking down the financial scams and frauds in these sectors. The outcomes of this study might help the auditors and professionals to understand the usefulness of artificial intelligence (AI) in the forensic accounting to track down the fraudulent activities.