Information Technology In Auditing

It is an undeniable fact that technologies do form an inherent part in our daily life, likewise the integration of Information Technology (IT) in the audit sector is something that has not gone unnoticed, due to the major benefits that it brings along in achieving key positive results. Thus this chapter will provide a comprehensive overview of the concept of IT within the working framework, supported by authors of past studies and research. In addition the area of discussion will also focus on the effectiveness of this concept and its relevance in several countries.

Furthermore the factors influencing the integration of IT in the audit process such as employers’ support, auditors’ attitudes will be elaborated in details

Auditing was mostly

IT systems helps to promote operational efficiency and to aid in decision making

Empirical literature shows that the participants have not received enough coverage about information technologies

Information technology (IT) imposes challenges on auditing profession which in the study of they investigated the use of IT Audit technologies

The IIA’s define Internal Audit as an activity designed to add value in improving an organization’s operations. By bringing a systematic approach the effectiveness of risk management, control, and governance processes The work of Internal Audit is within the organization who has a direct access to the information system of an organization

.) some of the world leading audit firms explains their modern definitions of IT audit as:

Ernst and Young, 2013 says that risks are addressed rapidly and carefully by IT audit. The company increasing risks with IT calls for the need for IT auditing and the IA has to assure that technology is operating effectively IT auditors plays a crucial role in managing and responding to

The organization in the study of (Madani, 2009) has brought new changes and IS by adopting the ERP sysytem. The ERP system is an enabling technology for internal auditors (IAs) by maintaining effective controls over operations. To better understand the ERP systememploy the framework of a process theory approach. In the studies conducted, they focuses on the impact of ERP on internal auditing activities, and the quality of information generated from this initiatie

If external financial assistance is in need by the organization, IA reduce the costs of raising capital and also in enhancing the share price while checking the adequacy and effectiveness of internal control

Empirical studies in developping countries provides an inconclusive evidence in regards the level of audit work. They reported that the success of audit process is making efficient use of audit technology