Artificial Intelligence Systems Applied to Accounting, Auditing and Finance

13 Pages Posted: 26 Aug 2009 Last revised: 26 Jul 2014

See all articles by Artur Filipe Ewald Wuerges

Artur Filipe Ewald Wuerges

Federal University of Santa Catarina (UFSC)

Jose Alonso Borba

Universidade Federal de Santa Catarina (UFSC) - Accounting Department

Date Written: August 26, 2009

Abstract

There are 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.

Suggested Citation

Wuerges, Artur Filipe Ewald and Borba, Jose Alonso, Artificial Intelligence Systems Applied to Accounting, Auditing and Finance (August 26, 2009). Available at SSRN: https://ssrn.com/abstract=1462453 or http://dx.doi.org/10.2139/ssrn.1462453

Artur Filipe Ewald Wuerges (Contact Author)

Federal University of Santa Catarina (UFSC) ( email )

Campus Reitor João David Ferreira Lima
Bairro Trindade
Florianopolis, Santa Catarina 88040
Brazil

Jose Alonso Borba

Universidade Federal de Santa Catarina (UFSC) - Accounting Department ( email )

Campus Reitor João David Ferreira Lima
Bairro Trindade
Florianopolis, Santa Catarina 88040
Brazil

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