The Role of Management Accounting in Mitigating the Risk of Artificial Intelligence

Abstract

The purpose of this study is to examine the role of management accounting in mitigating the risk of artificial intelligence (AI). A questionnaire is used to collect data from four categories of respondents: management accountant, chief executive officer, chief financial officer and internal auditor. The sample of this study is those four categorize in Iraqi industry and service companies as 144 questionnaires equally distributed to avoid any bias in the results. All 144 questionnaires were returned and analysed using regression analysis tests in the Statistical Package for the Social Sciences (SPSS) version 22. The finding of the study show that the management accounting has significant positive effect on mitigating the risk of AI from the perspective of all four categories of respondents. Moreover, among the four categories of respondents, chief executive officer shows more positive perspective toward using management accounting information and practices in mitigating the risk of AI. In addition, the finding of the study indicate that the management accounting is more effective in mitigating the risk of AI in the large companies that audited by big 4 audit economic entity s while the small companies that audited by the big four auditing economic entity s are focusing on companies of management accountant.