The Influence of Artificial Intelligence Adoption on Financial Reporting Accuracy among Selected Firms in Livingstone, Zambia

Chibulo Foster Mwachikoka, Muhammad Adil, Obrine Mweetwa and Jackson Phiri
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Chibulo Foster Mwachikoka: University of Zambia
Muhammad Adil: University of Zambia
Obrine Mweetwa: University of Zambia
Jackson Phiri: University of Zambia

African Journal of Commercial Studies, 2026, vol. 7, issue 4

Abstract: Artificial Intelligence (AI) has increasingly transformed accounting and financial reporting through automation, enhanced data processing, error detection, and improved reliability of financial information. This study examined the influence of Artificial Intelligence adoption on financial reporting accuracy among selected firms in Livingstone, Zambia. The study specifically sought to assess the level of AI adoption in financial reporting, determine the relationship between AI adoption and financial reporting accuracy, and examine the effect of AI adoption on financial reporting accuracy. The study was underpinned by the positivist philosophy and employed a deductive approach and quantitative cross-sectional research design. Data were collected using structured questionnaires from a sample of 60 accounting and finance professionals selected through purposive and stratified sampling techniques. Data were analysed using descriptive statistics, Pearson Product-Moment Correlation and regression analysis. The findings revealed a high level of AI adoption, with an overall mean of 3.90. A strong, positive and statistically significant relationship was established between AI adoption and financial reporting accuracy (r = 0.700, p

Keywords: Artificial Intelligence; Financial Reporting Accuracy; Machine Learning; Automation; Zambia (search for similar items in EconPapers)
JEL-codes: C83 M15 M41 O33 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:cwk:ajocsl:2026-059

DOI: 10.59413/ajocs/v7.i4.26

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