The impact of information technology on the development of audit process :Review of accepted theories of IT by the auditors
Abstract
For professional accountants and particularly auditors involved in information systems (IS) audits, Information technology (IT) is important. Reliance of businesses on computerized information systems is increasing. As such, auditors are now obliged to equip themselves with the knowledge and skills of IT. The current study uses the Unified Theory of Acceptance and Use of Technology (UTAUT) to enable the exploration of the impact of information technology on a development of the audit process from the perspective of auditors through the study on the relationship between IT and the acceptance and auditors. This study’s results are grounded on a literature on the performance expectancy which describes the advantage and rewards elements are paramount and play a main part in the intent to utilize and employ CAATs auditors. This suggests that auditor understands a greater grade of performance expectancy to the adoption of CAATs. According to the effort expectancy, the effect demonstrated a paramount positive relevance with the utilization grade of CAATs. This signifies that higher effort expectancy means higher auditor’s employment level of CAATs.
Downloads
References
American Academy of Business, 4(1), 28-41.
Ahmi, A. (2012). Adoption of generalised audit software (GAS) by external auditors in the
UK (Doctoral dissertation, Brunel University, School of Information Systems, Computing and
Mathematics).
Ahmi, A., & Kent, S. (2012). The utilisation of generalized audit software (GAS) by external
auditors. Managerial Auditing Journal, 28(2), 88-113.
Ajzen, I. (1991). The theory of planned behavior. Organizational behavior and human decision
processes, 50(2), 179-211.
Ajzen, I., & Fishbein, M. (1980). Understanding attitudes and predicting social behaviour.
Aliasghari, A., & Bazaee, Q. (2016). Assessing the Maturity Level of Alignment of Business, IT,
and Applications in Companies with Enterprise Architecture (Case Study: MCI Co.). Journal of
Current Research in Science, (1), 519.
Banker, R. D., Chang, H., & Kao, Y. C. (2002). Impact of information technology on public
accounting firm productivity. Journal of Information Systems, 16(2), 209-222.
Bedard, J. C., Jackson, C., Ettredge, M. L., & Johnstone, K. M. (2003). The effect of training on
auditors' acceptance of an electronic work system. International Journal of Accounting
Information Systems, 4(4), 227-250.
Bell, T. B., Bedard, J. C., Johnstone, K. M., & Smith, E. F. (2002). KRiskSM: A computerized
decision aid for client acceptance and continuance risk assessments. Auditing: A Journal of
Practice & Theory, 21(2), 97-113.
Bierstaker, J. L., Burnaby, P., & Thibodeau, J. (2001). The impact of information technology on
the audit process: an assessment of the state of the art and implications for the
future. Managerial Auditing Journal, 16(3), 159-164.
Braun, R. L., & Davis, H. E. (2003). Computer-assisted audit tools and techniques: Analysis and
perspectives. Managerial Auditing Journal, 18(9), 725-731.
Chang, H., Chen, J., Duh, R. R., & Li, S. H. (2011). Productivity growth in the public accounting
industry: The roles of information technology and human capital. Auditing: A Journal of
Practice & Theory, 30(1), 21 -48.
Compeau, D. R., & Higgins, C. A. (1995). Computer self-efficacy: Development of a measure
and initial test. MIS quarterly, 189-211.
Curtis, M. B., & Payne, E. A. (2008). An examination of contextual factors and individual
characteristics affecting technology implementation decisions in auditing. International Journal
of Accounting Information Systems, 9(2), 104-121.
Devaraj, S., & Kohli, R. (2003). Performance impacts of information technology: Is actual usage
the missing link?. Management science, 49(3), 273-289.
Dillon, A., & Morris, M. G. (1996). User acceptance of new information technology: theories
and models. Annual review of information science and technology.
Dowling, C., & Leech, S. (2007). Audit support systems and decision aids: Current practice and
opportunities for future research. International Journal of Accounting Information Systems, 8(2),
92-116.
Jakšić, D. (2009). Implementation of Computer Assisted Audit Techniques in Application
Controls Testing. Management Information Systems, 4(1), 009-012.
Loraas, T., & Wolfe, C. J. (2006). Why wait? Modeling factors that influence the decision of
when to learn a new use of technology. Journal of Information Systems, 20(2), 1-23.
Mansour, E. M. (2016). Factors Affecting the Adoption of Computer Assisted Audit Techniques
in Audit Process: Findings from Jordan. Business and Economic Research, 6(1), 248-271.
Messier, W. F., Eilifsen, A., & Austen, L. A. (2004). Auditor detected misstatements and the
effect of information technology. International Journal of Auditing, 8(3), 223-235.
Moore, G. C., & Benbasat, I. (1991). Development of an instrument to measure the perceptions
of adopting an information technology innovation. Information systems research, 2(3), 192-222.
Rezaee, Z., & Hoffman, C. (2001). XBRL: Standardized electronic financial reporting. Internal
Auditor, 58(4), 46-46.
Sanchez Ortiz, A. (2003). Testing a model of the relationships among organizational
performance, IT-business alignment and IT governance.
SAYGILI, A. T. (2010). Taking Advantage of Computer Assisted Audit Tools and Techniques
during Testing Phase in Financial Audits: An Empirical Study in a Food Processing Company in
Turkey. Global Journal of Management and Business Research, 10(2).
Shamsuddin, A., Logenthiran, A., Rajasharen, L., Dhinesh, A., Maran, L., Ameer, M. F. M., ... &
Muthu, L. M. FACTORS INFLUENCING USAGE LEVEL OF COMPUTER ASSISTED
AUDIT TECHNIQUES (CAATs) BY INTERNAL AUDITORS IN MALAYSIA.
Shumate, J. R., & Brooks, R. C. (2001). The effect of technology on auditing in government: A
discussion of the paperless audit. The Journal of Government Financial Management, 50(2), 50.
Venkatesh, V., Morris, M. G., Davis, G. B., & Davis, F. D. (2003). User acceptance of
information technology: Toward a unified view. MIS quarterly, 425-478.
Venkatesh, V., Thong, J. Y., & Xu, X. (2012). Consumer acceptance and use of information
technology: extending the unified theory of acceptance and use of technology. MIS
quarterly, 36(1), 157-178
Vera-Mun~ oz, S. C., Ho, J. L., & Chow, C. W. (2006). Enhancing knowledge sharing in public
accounting firms. Accounting Horizons, 20(2), 133-155.
Williams, D. D., & Dirsmith, M. W. (1988). The effects of audit technology on auditor
efficiency: Auditing and the timeliness of client earnings announcements. Accounting,
Organizations and Society, 13(5), 487-508.
Williams, M. D., Dwivedi, Y. K., Lal, B., & Schwarz, A. (2009). Contemporary trends and
issues in IT adoption and diffusion research. Journal of Information Technology, 24(1), 1-10.
Author(s) and co-author(s) jointly and severally represent and warrant that the Article is original with the author(s) and does not infringe any copyright or violate any other right of any third parties, and that the Article has not been published elsewhere. Author(s) agree to the terms that the IJRDO Journal will have the full right to remove the published article on any misconduct found in the published article.
