Computer-assisted audit techniques: classification and implementation by auditor

Serpeninova, Yuliya; Makarenko, Serhii; Litvinova, Marina

doi:10.26642/ppa-2020-1-44-49

Cited by 4 publications

(10 citation statements)

References 11 publications

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“…Based on this, it is not surprising, that without the support of the management, digital technologies and their benefits may not materialise. The rapid advancement of digital technologies and the benefits they bring to the auditing process have enabled many large accounting firms to introduce the use of technology, such as artificial intelligence, in making audit judgments (Serpeninova, et al, 2020). This advancement may pressurise the auditors into changing their conventional auditing process to something more current, so as to stay ahead of current changes.…”

Section: Discussionmentioning

confidence: 99%

Hype or Hope: Digital Technologies in Auditing Process

Allbabidi¹

2021

AJBA

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Manuscript type: Research paper Research aims: This study aims to examine how technological,organisational and environmental (TOE) factors affect digital technologies’ utilisation and its impact on auditors’ performance. Design/Methodology/Approach: A survey was conducted on 4 large and non-large companies in Jordan, and data were retrieved from 168 external auditors. The partial least squares (PLS-3) structural equations modeling was used to analyse data and to test the proposed model. Research findings: Results show that the TOE factors have a significant and positive effect on digital technologies utilisation. It also appears to enhance auditors’ performance. Theoretical contribution/Originality: This study fills a gap in the literature of accounting by empirically assessing how digital technologies utilisation impacts the performance of auditors in Jordan. It also expands on previous literature by determining how the TOE factors affect such technology usage in the auditing process. This study also has a methodological contribution in the form of measuring the client’s complexity of IT system from a different perspective, which is from the external auditor’s perspective. Practitioner/Policy implications: This study is expected to help regulators and audit companies to update their policies and regulations so that auditors are trained in using advanced technologies, and in protecting the security of accounting information. In this regard, efficient auditors will be able to protect investors, thereby creating an attractive environment for investment which can boost economic growth. Research limitation/Implications: This study is based on the Jordanian context. There was no comparison made with developing or developed countries, hence no distinctions can be detected. Future studies should focus on looking at other countries so as to provide new insights into the auditing profession, and specifically, auditors’ performance. Finally, this study is a practical guide for external and internal auditors who have not considered digital technologies, in the context of Jordan. Future studies may thus consider internal auditors and their relationship with external auditors in digital technologies utilisation.

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Section: Discussionmentioning

confidence: 99%

Hype or Hope: Digital Technologies in Auditing Process

Allbabidi¹

2021

AJBA

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“…First, respondents were asked to indicate the extent to which they use CAATs in their Internal Audit Department and, subsequently, they gave their opinion on the frequency of use of 19 CAATs in internal audits. This list of CAATs was based on several studies [47,48,51,89,90]. In both questions, the items were measured on a five-point Likert scale, where 1 = "never," 3 = "sometimes," and 5 = "always".…”

Section: Measurementmentioning

confidence: 99%

Effect of Computer Assisted Audit Tools on Corporate Sustainability

Samagaio

Diogo

2022

Sustainability

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The literature is fertile in studies that examine the determinants of internal and external auditors’ adoption of computer-assisted audit tools and techniques (CAATs), often ignoring their practical effects on audit quality and organizational performance. This study provides novel evidence on the type of CAATs used by internal auditors, tests the effect of their adoption on corporate sustainability, and explores the moderating effect of organizational characteristics. In this paper, we used data from Portuguese internal auditors collected through a survey, whose research hypotheses were analyzed by the partial least squares–structural equation modeling technique. We found that internal auditors use CAATs moderately in the exercise of their tasks. The results of our study show that there is a strong and positive effect of the use of CAATs by internal auditors on fraud detection in the purchase-to-pay business process, and that the intensity of this relationship is not influenced by the type and size of the entity. This study complements previous research and provides support to practitioners’ decisions that can boost the use of CAATs in internal auditing to make organizations more sustainable.

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“…CAATs increase audit effectiveness and efficiency but CAATs need deeper study and auditors' consideration because it is difficult to master CAATs. Middle to lower KAPs are still not interested in using complex CAATs [15]. Auditors see a high performance expectancy from the use of CAATs [11].…”

Section: A Agency Theorymentioning

confidence: 99%

“…Computer Assisted Audit Techniques [1], Auditor Competence, Independence, and Work Experience have a positive (+) effect on audit quality [12]. CAATs increase audit effectiveness and efficiency but are difficult to implement, so there are still considerations from KAP [15]. The hypotheses in this study are as follows: H2: The application of CAATs has a positive effect on audit quality.…”

Section: Effect Of Caats Implementation On Audit Qualitymentioning

confidence: 99%

“…Although the cost of implementing CAATs is high, it reduces the work cost of the company's entire audit activity by increasing productivity and reducing the number of errors in the audit process. CAATs can help auditors provide the best service for their clients [15,22]. New discoveries such as big data and other similar technological advances have greatly increased the opportunities to improve current audit quality and practice.…”

Section: Introductionmentioning

confidence: 99%

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Auditor's Perception on Technology Transformation: Blockchain and CAATs on Audit Quality in Indonesia

Meiryani¹,

Sujanto²,

Lindawati³

et al. 2021

IJACSA

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The purpose of this study is to analyze the auditor's perception of the implementation of technology transformation such as: blockchain and CAATs that can affect audit quality at the Big Four Public Accounting Firm in Jakarta. This study uses quantitative research methods using a combination of primary and secondary data. The data collection techniques used in this study was questionnaires. The sample was taken using purposive sampling method, which resulted in 60 respondents. Data analysis was carried out with SmartPLS 3.0 and IBM SPSS 26 software which resulted in the conclusion that the auditor's perception of the implementation of blockchain had a significant positive effect on audit quality, while the auditor's perception of the implementation of CAATs had no significant positive effect on audit quality.

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Computer-assisted audit techniques: classification and implementation by auditor

Cited by 4 publications

References 11 publications

Hype or Hope: Digital Technologies in Auditing Process

Hype or Hope: Digital Technologies in Auditing Process

Effect of Computer Assisted Audit Tools on Corporate Sustainability

Auditor's Perception on Technology Transformation: Blockchain and CAATs on Audit Quality in Indonesia

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