ICT in Auditing: Impact of Audit Quality Norms on Interpersonal Interactions

Kacanski, Slobodan

doi:10.18267/j.efaj.173

Cited by 4 publications

(2 citation statements)

References 28 publications

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“…The usage of accounting software results in timely preparation of various financial statements reports with minimum error, quick and ease of use of financial statement by stakeholders (Sundar, 2020;Yeboah et al, 2014). Productivity elements have recently been driven as an important matter for auditors to adopt and implement various computer-based tools to assist their assigned tasks (Stoel and Havelka, 2020;Bradford et al, 2020;Kacanski, 2016). ICT-adopted audit firms' performance may have better efficiency.…”

Section: Information Communication Technology Adoptionmentioning

confidence: 99%

Characteristics of information communication technology and audit practices: evidence from India

Thottoli

Thomas²

2020

VJIKMS

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Purpose The purpose of this study is to investigate the relationship between characteristics of information communication technology (ICT, adoption, confidence, competency and training) and auditing practices. The paper further explained the significance of the auditing practices, evaluated the relationship between ICT characteristics (adoption, confidence, competency, training) and auditing practices. Design/methodology/approach The study adopts a quantitative approach, where a set of questionnaires was developed by making necessary adaptations to available scales/items. Data were collected from practicing chartered accountants in Kerala targeting 89 respondents from various professional auditing firms. The results were analyzed using Statistical Package for the Social Sciences and structural equation modelling-partial least squares statistical tools. Findings The findings confirmed that there is a positive relationship between three components of ICT factors on audit practice, namely, ICT adoption, ICT competency and ICT training, whereas the factor, ICT confidence has a negative relationship with audit practice. Thus, the availability of ICT-competent staff, their practical ICT knowledge, sufficient and adequate ICT training assist audit firms from doing audit by implementing customized audit software for audit practice. Research limitations/implications A limitation of the study is that limited variables of ICT on audit practice are taken in the model. Refinement of the model and the variables (such as ICT challenges), ICT perceived benefits and the unified theory of acceptance and use of technology (UTAUT) model used provide an opportunity for future research. Practical implications The barriers facing by non-big four audit firms (especially sole proprietorship and limited liability partnership firms) faces ICT challenges requires intense management interventions to be self-equipped for the current information technology (IT) world and to facilitate and to ensure fairness of financial statements to the stakeholders that strongly links auditors advance IT skills and available firms resources to investment and adopt audit software for the benefits of the audit firms. Originality/value The paper upstretched some of the ICT challenges that will assist as points, which have been helpful for future researchers, and have provided accounting and auditing professionals, auditing professional institutions and their management, government, tax officials, policy makers, auditing software vendors and other stakeholders the bases for encouraging ICT adoption.

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Section: Information Communication Technology Adoptionmentioning

confidence: 99%

Characteristics of information communication technology and audit practices: evidence from India

Thottoli

Thomas²

2020

VJIKMS

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“…Previous research findings have shown that the use of technology auditing tools for audit assignments can aid the sequencing and design of audit objectives (Kacanski, 2016). Emerging technology has thus enabled audit tools to have the potential to expedite auditors' views (Thottoli and Thomas, 2020), as such emerging technology tools produce a detailed list of junior audit tasks that free up the lead auditor to be able to focus on a special task (Abdolmohammadi and Usoff, 2001).…”

Section: Literature Review 21 Emerging Technology and Auditing Practicementioning

confidence: 99%

Emerging technology and auditing practice: analysis for future directions

Thottoli

Ahmed

Thomas³

2022

EJMS

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PurposeThe purpose of this paper is to explore the effects of emerging technology (technology adoption, perceived benefits, technological challenges and ease of use) and the auditing practice of accounting professionals.Design/methodology/approachThe primary method of data collection was a questionnaire directed to newly practicing chartered accountants who are partners of sole proprietorship or partnership firms in India. The data were analyzed by using partial least squares structural equation modeling (PLS-SEM).FindingsThe findings revealed that there is a positive and significant relationship between characteristics of emerging technology (technology adoption, technological challenges and ease of use) and auditing practice, while factors of the perceived benefits had a negative relationship with auditing practice.Research limitations/implicationsThe study model would aid technology enabled audit research by giving a platform for a new study to investigate further detailed solutions to emerging information technology determinants.Practical implicationsThis study illustrates how tools technique perceived benefit motivates sole proprietorship practicing auditors to adopt emerging technology- enabled auditing software for auditing client's financial statements. Further, this study has added to the information technology auditing literature and might add benefits to the numerous other audit firms to adopt in emerging technology tools their audit firm.Social implicationsAudit firms, generally sole proprietorship and partnership firms, should be given enough awareness about the latest audit software tools to carry out their audit tasks efficiently.Originality/valueThe study findings highlight benefits of emerging technology-enabled auditing practice among owners/partners of the sole proprietorship or partnership firms, which is not extensively discussed in the prior studies. Furthermore, it broadens knowledge of perceived benefit, technological challenges and ease of use in technology-enabled audit software in the auditing and accounting literature.

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Impact of Information Technology on Audit Quality: European Listed Companies' Evidence

Crucean¹,

Haţegan²

2023

Contemporary Studies of Risks in Emerging Technology, Part B

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ICT in Auditing: Impact of Audit Quality Norms on Interpersonal Interactions

Cited by 4 publications

References 28 publications

Characteristics of information communication technology and audit practices: evidence from India

Characteristics of information communication technology and audit practices: evidence from India

Emerging technology and auditing practice: analysis for future directions

Impact of Information Technology on Audit Quality: European Listed Companies' Evidence

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