Artificial Intelligence System: Implication for Proper Record Keeping in Microfinance Banks in Nigeria

The utilization of artificial intelligence in carrying out accounting functions has been a subject of tremendous optimism, as it forms essential part of accounting profession, providing heavy lifting for many of the most challenging problems in accounting functions. This study assesses the effect of artificial intelligence on proper record keeping in microfinance banks in Nigeria. The objective of the study was to determine effect of artificial intelligence system on proper record keeping in microfinance banks in South East Nigeria. Descriptive research design was adopted in the study among 34 staff of 17 microfinance banks in Enugu. Structured questionnaire was used to obtain the information needed for the study. Data collected were presented in table. The study hypothesis was tested using linear regression at 5% level of significance. The result of the study showed that artificial intelligence system positively enhances proper record keeping in microfinance banks in Enugu Nigeria (r = .859; T = 28.654; p = .000). It was conclude that artificial intelligent influences the performance of microfinance banks in Enugu.