Importance of Artificial Intelligence Techniques for Developing and Auditing Public Budget in Iraq: A Suggested Model
DOI:
https://doi.org/10.31272/jae.i146.1324Keywords:
Artificial intelligence techniques, Modern accounting applications, Government budget development, Performance evaluation, Development of Audit ToolsAbstract
The study aims to shed light on the most important artificial intelligence technologies that can be used due to their advantages and the opportunities they offer to develop the state budget system in Iraq. The most important artificial intelligence techniques used in the accounting field were studied and analysed to create an innovative model that can be used to prepare government budgets. The methods and applications used in international accounting firms were examined, along with an explanation of the goals and benefits achieved for the accounting profession. These technologies have helped facilitate many accounting tasks, such as managing costs, managing big data, improving forecasting methods, monitoring inventory sales movements, and recognising customer needs and satisfaction levels. Barriers to using artificial intelligence technologies in developing countries were also identified, such as the need for appropriate accounting standards and the need for sufficient awareness of the use and configuration of the relevant technologies. Finally, it was proposed that an electronic system be created to prepare the Iraqi national budget and to manage data on financing and financial operations between the Ministry of Finance and other government agencies.
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