Effect of Accounting Information Systems Application on Audit Efficiency of Listed Deposit Money Banks in Nigeria.

Abstract:

This study examines the effect of Accounting Information Systems (AIS) application on audit efficiency in listed Deposit Money Banks in Nigeria. Adopting a quantitative cross-sectional research design, the study utilizes data derived from the banking sector, focusing on key AIS components including system integration capability, real-time data accessibility, internal control features, audit trail completeness, and error detection and correction mechanisms. Analytical techniques such as descriptive statistics and inferential methods are employed to evaluate the relationships between AIS application and audit efficiency. The findings reveal that AIS components significantly influence audit efficiency by enhancing the timeliness, accuracy, and reliability of audit processes. Specifically, system integration and real-time data accessibility improve information availability, while internal controls and audit trails strengthen transparency and accountability. Error detection mechanisms further contribute to reducing audit risks and improving overall audit outcomes. The study concludes that effective deployment of AIS is critical to improving audit efficiency in Nigeria’s banking sector. It recommends increased investment in AIS infrastructure, continuous staff training, and strengthened regulatory support to optimize audit performance and ensure alignment with global best practices.