Abstract
The rapid digitalisation of financial systems has improved operational efficiency and financial inclusion while simultaneously increasing exposure to sophisticated forms of cyber-enabled fraud and electronic financial misconduct. Conventional auditing systems, which largely depend on retrospective verification and rule-based monitoring, increasingly struggle to address the complexity and speed of modern financial crime. Consequently, financial institutions are progressively adopting Artificial Intelligence (AI)-enabled Accounting Information Systems (AIS) and Natural Language Processing (NLP) technologies to strengthen fraud detection, continuous auditing, and institutional monitoring. This study examined the influence of AI-enabled AIS on auditing and fraud detection effectiveness within Nigeria's financial services sector while additionally evaluating the moderating role of NLP. Anchored on the Fraud Diamond Theory and the Technology Acceptance Model, the study adopted a quantitative cross-sectional survey design. Primary data were collected from 186 professionals across banking, insurance, and FinTech institutions in Nigeria. Data were analysed using descriptive statistics, multiple regression, and hierarchical moderated regression techniques. The findings revealed that AI-enabled AIS significantly improves auditing and fraud detection effectiveness, particularly through prevention, detection, data analysis, and investigative capabilities. The results further indicated that NLP positively moderates the relationship between AI-enabled AIS and auditing effectiveness by improving semantic interpretation and analytical explainability. The study concludes that AI-enabled AIS and NLP are increasingly important for strengthening fraud governance, regulatory accountability, and institutional trust within emerging digital financial environments.
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