Accountants Need To Be Prepared For The Big Question: Should I Move To The Cloud?

Corkern, Sheree M.; Kimmel, Sara B.; Morehead, Billy

doi:10.19030/ijmis.v19i1.9085

Cited by 7 publications

(6 citation statements)

References 11 publications

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“…Cloud accounting services provide increased flexibility of accounting processes (access, audit and management of accounting data and financial information without installing any accounting or auditing software) and agility (real-time interaction allowing accountants and auditors to respond to ever-changing working conditions) (Corkern et al , 2015). This condition also reduces redundancy (single-copy data storage) and cost (investment and operational costs of technology infrastructure) and allows accountants and auditors to contribute to the redefinition of accounting transaction processes, compliance reports and other documents.…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Impact of external auditor–cloud specialist engagement on cloud auditing challenges

Taha

Ramo

Alkhaffaf

2021

JAOC

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Purpose This study aims to investigate the impact of external auditor–cloud specialist engagement on cloud auditing challenges from the perspective of auditors from the Association of Certified Public Accountants in a developing country as an example of Middle East emerging economies. Design/methodology/approach A quantitative research design was used to assess the influence of external auditor–cloud specialist engagement on three main cloud auditing challenges (i.e. technology security, regulatory standards and strategy). Data collection was conducted through field and online surveys. A total of 201 (181 male and 20 female) auditors made up a sample of a developing country’s economy. In addition, structural equation modelling was performed to test the proposed hypotheses of the study’s conceptual model. Findings The study found a significant effect of external auditor–cloud specialist engagement on overcoming the challenges of cloud auditing. Results showed that using IT specialists helps overcome strategic challenges more than other kinds of challenges, such as technology security and organisational standards. Practical implications The findings suggest that efforts to promote cloud auditing in organisations may succeed if the focus is on overcoming cloud auditing challenges and highlighting the external auditor–cloud specialist engagement to enhance job performance. Originality/value This study is one of the few studies that analyse the impact of external auditor–cloud specialist engagement on cloud auditing challenges by adopting a quantitative approach from the perspective of auditors from the Iraqi Association of Certified Public Accountants.

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Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Impact of external auditor–cloud specialist engagement on cloud auditing challenges

Taha

Ramo

Alkhaffaf

2021

JAOC

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“…Ali et al (2020) believes that security and privacy risks are among the most prominent risks of using CA. Corkern et al (2015) suggest that companies may use CA when addressing reliability and security issues.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Cloud accounting (CA) has emerged as the CC application that transfers AIS within companies to the servers of cloud service providers. Like multiple CC applications, CA provides companies with several benefits, such as flexibility, cost savings, sustainable competitive advantage, and scalability (Corkern et al, 2015;Brandas et al, 2015). Detlor et al (2010) say: "The development of IT drives the accounting profession to update and develop its materials and methods so that it can continue to supply high-quality benefits.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Information Technology Governance in Reducing Cloud Accounting Information Systems Risks in Telecommunications Companies in the State of Kuwait

Alotaibi¹,

Alotibi²,

Zraqat³

2021

MAS

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This study aims to identify the impact of information technology governance in reducing cloud accounting information systems Risks in Kuwaiti telecommunications companies. The study population represented by all Kuwaiti telecommunications companies, which number (3) companies. The sampling unit consisted of workers in the upper and middle management of Kuwaiti telecommunications companies. The researcher distributed (327) questionnaires electronically, the researcher retrieved (291) questionnaires, of which (269) were valid for statistical analysis. The results indicated that the relative importance of all dimensions of information technology governance. The results demonstrate the importance of the role of information technology governance in reducing cloud accounting information systems risks. Also, that all information technology governance dimensions (Align, Plan and Organize, Build, Acquire and Implement, Deliver, Service and Support, Monitor, Evaluate and Assess) affect the cloud accounting information systems risks reduction in Kuwaiti telecommunications companies.

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“…Cloud computing is becoming a powerful and valuable tool for companies and has been identified as one of the key technology trends that accountants should stay abreast of over the next decade (Corkern et al, 2015). According to a report issued by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission in 2012, authors defined Cloud computing as a computing resource deployment and procurement model that enables an organization to obtain its computing resources and applications from any location via an Internet connection.…”

Section: The Impact Of Cloud Computing On Aismentioning

confidence: 99%

New Paradigm in Accounting Information Systems – The Role of the Latest Information Technology Trends

Minovski¹,

Malchev²,

Tocev³

2020

Proceedings of the International Conference "Economic and Business Trends Shaping the Future"

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The purpose of this paper is to identify the impact and benefits of the latest information technologies on Accounting Information Systems (AIS). Taking into account the numerous papers related to new technologies and their application in the accounting profession within Industry 4.0, and conducted survey about perception of practitioners in Republic of North Macedonia, this paper summarizes the characteristics and key benefits of some of the new technologies for the functioning of AIS in the digital age. First of all, the evolution of AIS is elaborated, based on theoretical and empirical analysis of the accounting process from the appearance of the first AIS up to nowadays’ services and techniques available for supporting the accounting function. The first technology to be elaborated is Big Data and its potential to change the business landscape, especially in the field of automating operation processes, customer engagements, and predictive decision-making process. Secondly, the Blockchain Technology as an example of Distributed Ledger Technology (DLT), which adoption brings new possibilities in eliminating or redefining the role of entities external to the company. Cloud Computing i.e. Cloud Accounting is the third technology which is elaborated in this paper through the services it offers on the cloud, especially the way AIS process, store and backup the sensitive and confidential data. Last but not least, Artificial Intelligence (AI), a technology that could change the professional services, the need, and opportunities that are provided for a solution to the current accounting issues. In summary, taking into account the relevant literature and the perception of the respondents-practitioners, increased use of these technologies is necessary because their application reduces costs; increases transparency and confidence in information; flexibility, i.e. no time and space restrictions on their use, etc., which is especially useful in the current state of Pandemic, caused by the virus COVID-19.

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Accountants Need To Be Prepared For The Big Question: Should I Move To The Cloud?

Cited by 7 publications

References 11 publications

Impact of external auditor–cloud specialist engagement on cloud auditing challenges

Impact of external auditor–cloud specialist engagement on cloud auditing challenges

The Impact of Information Technology Governance in Reducing Cloud Accounting Information Systems Risks in Telecommunications Companies in the State of Kuwait

New Paradigm in Accounting Information Systems – The Role of the Latest Information Technology Trends

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