Impact of Fourth Industrial Revolution on Public Sector Accounting: The Nigeria Experience

Ndukwe, O. and OKORO, VICTORIA (2024) Impact of Fourth Industrial Revolution on Public Sector Accounting: The Nigeria Experience. International Academy Journal of Business Administration Annals, 9 (6). pp. 80-97. ISSN 2382-9175

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Abstract

: Some major effects of technological progress such as Fourth Industrial Revolution always create concerns about the future of human labour, and the possibility of substitution of the human factor by machines and robots. This paper is Ɵtled Impact of Fourth Industrial Revolution on Public Sector Accounting: The Nigeria Experience. The objectives of the paper are to; ascertain the extent to which internet of things impact Public Sector Accounting; determine how way cloud computing impact Public Sector Accounting; and assess the Impact of big data on public sector accounƟng. The paper is anchored on the game theory propounded by. The methodology is both qualitaƟve and quanƟtaƟve research. Findings from the research indicate that among other things, that; it is high Ɵme organizaƟons aligned Industry 4.0 and accounƟng with their and overall corporate strategy to ensure that it is in line with the insƟtuƟonal goals and objecƟves. Fourth industrial revoluƟon has impacted on accounƟng in the areas of; new job roles (e.g; AI and machine learning specialists, big data experts, data analyst sand scientists, digital conversion specialists, new skill specialists, process mechanization specialists, innovation professionals, ecommerce and social media specialists, robtics specialists and engineers), remote working and job automation. The paper therefore concludes that Industry 4.0 can be used for the benefit of organizations especially in public sector accounting. Thus, it is high time organizations aligned Industry 4.0 and accounting with their overall business policy to ensure that it is in line with the institutional goals and objectives. Based on the findings above, the paper recommends among others that; in the medium to long term, government could partner with technical experts to research on more appropriate AI tools for public sector accounting. The infrastructure needed to enable IoT devices must be in place for accounting departments to ensure that their systems can handle the higher data volumes.

Item Type:	Article
Subjects:	H Social Sciences > HJ Public Finance
Divisions:	Faculty of Management and Social Sciences
Depositing User:	Cynthia Ugwuoti
Date Deposited:	22 May 2025 12:17
Last Modified:	22 May 2025 12:20
URI:	http://eprints.gouni.edu.ng/id/eprint/4623

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