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

摘要

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), andQuickBook 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.