Emerging IT Technologies for Accounting and Auditing Practice

Cristea, Lavinia Mihaela

doi:10.20869/auditf/2020/160/023

Cited by 13 publications

(6 citation statements)

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“…By understanding emerging technologies, auditors will acquire new job skills such as advanced techniques in data analytics, prescriptive and prospective approaches, performance in financial audit missions and others [9]. This statement is in line with the results of Amoush's research which assumes that most auditors in Jordan use IT-based auditing to achieve better results and develop skills to use the required software.…”

Section: Resultssupporting

confidence: 54%

Remote Audit for Internal Audit as a Form of Technology Optimization Towards Indonesia 5.0

Yasmin¹,

Kamal²,

Syifaunnisa³

2022

Proceedings of the Tegal International Conference on Applied Social Science &Amp; Humanities (TICASSH 2022)

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The company's focus on dealing with the Covid-19 pandemic crisis opens opportunities for fraud perpetrators in companies who take advantage of these conditions to take actions that are detrimental to the company. During the Covid-19 pandemic, remote auditing is the right choice to carried out with various advantage and disadvantage of remote auditing itself, remote auditing is an alternative so work activities and inspection processes can continue and the role of internal audit in making it happen is increased. Value for the company to assist management and director in improving internal control processes and optimizing fraud detection. This research is expected to provide insights and solutions regarding the application of the remote auditing approach to internal audit in promoting technology and detecting fraud during the Covid-19 pandemic. The datas are used articles that discuss remote audits, in 2017-2021. The results of this study can be concluded that the implementation of IT-based on auditee is an opportunity for auditors. This is because IT-based on audit provides more opportunities both to simplify the audit process they carry out and to develop their skills and knowledge.

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Section: Resultssupporting

confidence: 54%

Remote Audit for Internal Audit as a Form of Technology Optimization Towards Indonesia 5.0

Yasmin¹,

Kamal²,

Syifaunnisa³

2022

Proceedings of the Tegal International Conference on Applied Social Science &Amp; Humanities (TICASSH 2022)

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“…Further to this, Bierstaker et al (2014) also mentioned that digital technology is a very useful tool for external auditors who can use it to perform their audit duties more efficiently, especially in a big data environment. In a more recent study, Cristea (2020) and Lee and Tajudeen (2020) observed that artificial intelligence to automate the traditional data analysis process, which includes collecting and preparing audit data, copying and transposing information between the database/software (e.g., SAP) and tools (e.g., Microsoft Excel), organising the information based on several selection criteria, integrating manual notes, and running basic tests. All of these processes have enhanced the auditing process very much, and this implies that technology advancement can facilitate auditors' performance.…”

Section: Introductionmentioning

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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“…In response to changes in the external environment, the management may not fully follow the goal of maximizing shareholder value and allocating high-risk, high-yield financial assets by changing the motivation of financial asset allocation to ensure the maximization of the management's interests. To understand the scientific and rationality of corporate management's decision-making, shareholders have created a series of systems such as an information disclosure system, internal control system, and company investor relationship management, to alleviate the principal-agent problem between the two [27]. At the same time, as an external supervision and governance factor, auditing can effectively transfer information between the company's shareholders and management, and further, alleviate the principal-agent problem by involving a third party in supervision.…”

Section: Convolution Neural Network-based Data Fusionmentioning

confidence: 99%

A Big Data-Driven Financial Auditing Method Using Convolution Neural Network

Zhao¹,

Wang

2023

IEEE Access

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In the big data era, traditional auditing methods are facing challenge such as limited audit scope, uneven distribution of audit power, and insufficient audit analysis. To pursue high efficiency, the utilization of big data analysis technique in financial auditing has been a novel tendency in this area. The deep learning has been popular in many areas due to its high freedom degree. Thus, this paper employs a typical deep learning model convolution neural network (CNN), and proposes a big data-driven financial auditing method using CNN. Specifically, the strong ability of feature abstraction of CNN is leveraged to extract multi-level features in materials, such as visual features, textual features, etc. Then, the multi-source features from auditing materials can be well fused for final discrimination. Some simulation experiments are conducted on real-world financial auditing scenes for assessment. And the results show that the designed the proposed financial auditing method possesses relatively high auditing accuracy.

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Emerging IT Technologies for Accounting and Auditing Practice

Cited by 13 publications

References 0 publications

Remote Audit for Internal Audit as a Form of Technology Optimization Towards Indonesia 5.0

Remote Audit for Internal Audit as a Form of Technology Optimization Towards Indonesia 5.0

Hype or Hope: Digital Technologies in Auditing Process

A Big Data-Driven Financial Auditing Method Using Convolution Neural Network

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