An empirical study on different factors influencing information technology adoption for auditing purposes: A case study of a banking organization

The main aim of this research is to assess the effectiveness of internal governance controls and processes with specific focus on the skills and challenges facing internal auditors operating in Libya when they conduct internal audits. This study also investigates whether Libyan internal auditors have sufficient skills needed to implement their internal audit function effectively. Design/methodology/approach: Forty one internal auditors working in six banks and three insurance companies listed on the Libyan Stock Market were surveyed. Wilcoxon signed test and Z-test were used to test the research hypotheses. Findings: The findings of this study illustrate that internal auditors operating in companies listed on the Libyan Stock Market have limited professional, interpersonal and technical skills. Specifically, the findings show that internal auditors in Libya have limited skills including public speaking and presentation skills. Additionally, they have limited skills of IT audit and international financial report preparation skills. Originality/value: There is a dearth of empirical evidence on the extent of audit, interpersonal, professional and technical skills relating to internal auditors generally, but particularly acute in Arab and developing countries. This study, therefore, contributes to the literature by offering new insights with particular focus on Libya.

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An empirical study on different factors influencing information technology adoption for auditing purposes: A case study of a banking organization

Mehdi¹,

Valahzaghard²,

Pourmoradi³

2013

10.5267/j.msl

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In this survey, we have investigated whether an easy and comprehensive information technology (IT) infrastructure could contribute on auditing system in Iranian business society. The survey designs and distributes a questionnaire based on technology adoption method (TAM) among employees of bank Melli Iran who participated in our survey in Likert scale and using t-student and Kruskal-Wallis test examined different hypotheses. The results of our survey have indicated that there was a relationship between a good perception in usefulness of IT implementation and accepting recent advances of IT and auditors with good perception on IT are able to take advantage of recent advances of IT in their auditing skills. In addition, our survey has concluded that ease of IT implementation could create motivation among auditors to automate their traditional skills. While educational background played an important role on our survey, age and job experience did not have any impact on our survey.

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An empirical study on different factors influencing information technology adoption for auditing purposes: A case study of a banking organization

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References 33 publications

Developing and Assessing the Drivers of Usage of Computer-Assisted-Audit-Techniques (CAATs) and the factors that impact Audit Quality perceptions in Government Internal Audit

Developing and Assessing the Drivers of Usage of Computer-Assisted-Audit-Techniques (CAATs) and the factors that impact Audit Quality perceptions in Government Internal Audit

Assessing the effectiveness of internal governance controls: The case of internal auditors skills and challenges in Libya

An empirical study on different factors influencing information technology adoption for auditing purposes: A case study of a banking organization

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