Artificial Intelligence in Accounting and Auditing : Towards New Paradigms , Volume 4

Abstract

Problems in accounting and finance that can't be solved easily though conventional techniques. Some examples are bankruptcy prediction and the development of strategies to trade (profitably) in stock exchanges. In these cases, one of the alternatives is the use of artificial intelligence systems. This article analyses empirical articles published in journals between 2000 and 2008 that present applications of neural networks, fuzzy logic and genetic algorithms to problems in finance and accounting. After the analysis of 57 articles, this article finds that the most used method is the artificial neural networks (40 articles) and most of the applications are in finance (49 articles). There were just 8 articles about AI systems applied to accounting, what leads to the conclusion that there is still room for new developments in this field of knowledge.