The Impact of E-Business on the Audit Process: An Investigation of the Factors Leading to Change

Kotb, Amr; Roberts, Clare

doi:10.1111/j.1099-1123.2011.00427.x

Cited by 29 publications

(17 citation statements)

References 45 publications

(65 reference statements)

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“…The increased adoption of IT in business practice is closely related with some risks, including legal risk, IT infrastructure risk, IT application risk and IT business process risk (IFAC, 2002). As a strong governance mechanism, IT governance is essential for enterprises to detect fraud by reducing such risks (Cohen, Krishnamoorthy & Wright, 2002; Kotb & Roberts, 2011). Specifically, IT governance can manage and improve control activities in an IT environment.…”

Section: Theory and Related Work On It Governance Mechanismsmentioning

confidence: 99%

Determinants of Effective Information Technology Governance

et al. 2012

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This study examines relations between the overall level of effective information technology (IT) governance and five commonly advocated individual mechanisms of IT governance. It extends the examination of individual IT governance mechanisms to include a wider number of mechanisms, justifies the mechanisms investigated via agency theory, seeks to relate these mechanisms specifically to a perceived overall level of effective IT governance in organizations, and attempts to mitigate the problems of limited generalizability and selection bias by employing a survey and generalized sampling research methodology. The results from a survey of professional auditors reveal significant positive relations between the overall level of effective IT governance and three IT governance mechanisms: IT steering committees, senior management involvement in IT, and corporate performance measurement systems. Ex‐post sensitivity analyses reveal that the primary findings are qualitatively similar across internal auditors and external auditors, as well as information systems auditors (IS) and non‐IS auditors.

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Section: Theory and Related Work On It Governance Mechanismsmentioning

confidence: 99%

Determinants of Effective Information Technology Governance

et al. 2012

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“…These software packages are employed by auditors to perform specific audit routines such as: browse, analyze, sort, summarize, stratify, sample, apply calculations, convert, and carry out other operations of data extraction and data analytics to audit a full set of client data, as opposed to relying on sampling (Ahmi and Kent, 2013). Despite the widely adopted IT applications in today's businesses; the functionality and benefits of GAS products; and the given support of audit standards to employ GAS, the relevant literature suggests that the extent to which external auditors utilize GAS still remains relatively low and under-investigated (Carmichael, 2004;Debreceny et al 2005;Kim et al, 2009;Payne and Curtis, 2010;Kotb and Roberts, 2011;Ahmi and Kent, 2013).…”

Section: Introductionmentioning

confidence: 99%

The use of generalized audit software by Egyptian external auditors

Kim

Kotb

Eldaly

2016

JAAR

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Purpose The purpose of this paper is to explore: the actual usage of generalized audit software (GAS) features among Egyptian external auditors, through the technology acceptance model (TAM); how the conceptual complexity of GAS features impact its actual usage; and what factors influencing the GAS use by Egyptian external auditors. Design/methodology/approach External audit professionals at 12 international audit firms, including the Big 4 and eight medium-sized firms, in Egypt were surveyed. Findings The results show that the basic features including database queries, ratio analysis, and audit sampling were higher in GAS use, perceived usefulness, and perceived ease of use among Egyptian external auditors than the advanced features: digital analysis, regression/ANOVA, and data mining classification. The structural equation modelling analysis by GAS features suggests that perceived ease of use has a stronger effect on GAS use when the conceptual complexity of GAS features is high. The analysis also support that the use of GAS by Egyptian external auditors is more affected by co-worker, supervisor, or organization through perceived usefulness, but not by job relevance, output quality, and result demonstration. Research limitations/implications Although Egyptian external auditors participated in this study may limit the extent to which the findings may be generalized, the responses provide an insight into the actual usage of GAS features by external auditors and the impact of conceptual complexity of GAS features, which is consistent with the literature concerning the relatively low level of utilizing the advanced features of GAS by internal auditors, suggesting that the issues revealed should be of concern. Practical implications The results reported in this paper are useful to audit software developers and audit firms in their understanding of factors influencing GAS usage in a different audit context. Originality/value The study adds value to prior research by providing context-contingent insight into the application of TAM in an unexplored audit context.

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“…Internal auditors depend on traditional audit tools to support the audit process (AuditNet, 2012). These tools automate standard audit processes and procedures (Kotb & Roberts, 2011;Vasarhelyi et al, 2012) but have limitations, for instance, information overload (Alles et al, 2006;Kuhn & Sutton, 2006;Alles, Kogan & Vasarhelyi, 2008). Graphical visualization methods that reduce excessive information are more likely to contribute to the overall effectiveness of the audit process (Fetaji, 2011;Gleicher et al, 2011).…”

Section: Introductionmentioning

confidence: 99%

Design and Implementation of Continuous Monitoring and Auditing in SAP Enterprise Resource Planning

Singh

Best

2015

Int J Auditing

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The need for continuous monitoring (CM) is increasing. Collapses of multinational organizations have imposed strict regulatory and legislative requirements on organizations. This study develops an automated system and uses a large sample of accounts payable transaction data to simulate an implementation of continuous monitoring. The value of the system lies in its ability to translate business rules into configurable controls that evaluate transactions against expected results. The study demonstrates an application of continuous monitoring and the use of contextual meta-data to perform rich audit analyses. Several anomalies reported by the CM system were not detected by the organization's internal auditors when they conducted their examination of the same data using conventional procedures. Such a system may potentially bring greater insights and transparency for continuous monitoring, assurance and organizational performance.

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The Impact of E-Business on the Audit Process: An Investigation of the Factors Leading to Change

Cited by 29 publications

References 45 publications

Determinants of Effective Information Technology Governance

Determinants of Effective Information Technology Governance

The use of generalized audit software by Egyptian external auditors

Design and Implementation of Continuous Monitoring and Auditing in SAP Enterprise Resource Planning

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