International Research Journal of Innovations in Engineering and Technology - IRJIET International Open Access, Monthly, Peer Reviewed, Reputed Journal ISSN (online): 2581-3048

Impact Factor (2025): 6.9

DOI Prefix: 10.47001/IRJIET

Disruptive Accounting Technology and Institutional Efficiency of Professional Accounting Institutes in Nigeria

Ahannaya. Chinedu Gandolph PhD.Department of Accounting, Babcock University, Ilishan-Remo, NigeriaJohnson. Adebayo Akanbi M.Sc.Department of Accounting, Adeleke University, Ede, Osun State, NigeriaDaniel-Adebayo. Olugbenga Ph.DDepartment of Accounting, Babcock University, Ilishan-Remo, NigeriaSanni. Adeyemi Sheriff Ph.D.Department of Accounting, Babcock University, Ilishan-Remo, Nigeria

Vol 7 No 7 (2023): Volume 7, Issue 7, July 2023 | Pages: 30-37

International Research Journal of Innovations in Engineering and Technology

OPEN ACCESS | Research Article | Published Date: 14-07-2023

doi Logo doi.org/10.47001/IRJIET/2023.707004

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Abstract

There is problem of adoption and adapting to disruptive technologies key drivers. This failure of adoption and adapting to disruptive technologies key drivers could have created the problem of institutional inefficiency among accounting practitioners and accounting professional institutes in Nigeria. Accounting professional institutes in Nigeria may not achieve efficiency in accounting service delivery as most accounting professional institutes do not have in-depth knowledge of disruptive technologies, because it is a new development in the global community. Therefore, this study evaluates the effect of disruptive accounting technology on institutional efficiency of professional accounting institutes in Nigeria. The study employed a primary data distributed among the professional members of Institute of Chartered Accountant of Nigeria and the Association of National Accountants of Nigeria. Artificial Intelligence (AI), Robotic Technology (RT), Cloud Accounting (CA), Blockchain Technology (BCT), and QuickBook Technology (QBT) were used as proxies for disruptive accounting technology and it is represented as the independent variable while institutional efficiency is used as the dependent variable. Structural equation modelling was adopted for data analysis. The paper establishes that AI, CA, and QBT have a significant effect on institutional efficiency at P < 0.05 (5% significance level). The paper, therefore, recommends that accounting institute must be a force for change. The disrupt, innovate, and energize worried that the pull of the past would prevent accountants from chaining to meet the future.

Keywords

Accounting Professional Institutes, Disruptive Technology, Institutional Efficiency


Citation of this Article

Ahannaya, Chinedu Gandolph, PhD., Johnson, Adebayo Akanbi, M.Sc., Daniel-Adebayo, Olugbenga, Ph.D., Sanni, Adeyemi Sheriff, Ph.D., “Disruptive Accounting Technology and Institutional Efficiency of Professional Accounting Institutes in Nigeria” Published in International Research Journal of Innovations in Engineering and Technology - IRJIET, Volume 7, Issue 7, pp 30-37, July 2023. Article DOI https://doi.org/10.47001/IRJIET/2023.707004

Licence Copyright (c) 2026 International Research Journal of Innovations in Engineering and Technology creative common licence This work is licensed under Creative common Attribution Non Commercial 4.0 Internation Licence
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