Determinants for Effective Application of Software in Computer Assisted Auditing Techniques (CAATs)

The purposes of this study are to get an over all picture of the general objectives and awareness of auditors for the adoption of CAATs and the current level of involvement of auditors in the application of CAATs in the audit process, which software and techniques they use and the possible causes for non use or less efficient use of CAATs. Once the determinant factors are identified, their implications for audit firms and to employees in the auditing profession are also discussed.
The auditing profession certainly has firm integration with IT and it seems that firms under this survey and their employees aware of this and are trying to integrate relevant computer assisted auditing techniques (CAATs) in the audit process. The survey result indicated that both management and employees believe that, effective applications of CAATs in the audit process have high potential for enhancing…

Contents

I. INTRODUCTION AND PRELIMINARY CONSIDERATIONS
1. Introduction
2. Background and the Motivation for the Study
3. Problem Definition
4. Purposes of the Study
5. Scope and Limitation of the Study
6. Significance of the Study
7. Overviews of the Chapters and Expected Audiences
II. CHAPTER ONE
RESEARCH DESIGN AND METHODS FOR EMPIRICAL DATA COLLECTION & ANALYSIS
1. Chapter Overview
2. Choice of Companies and Respondents for the Survey
2.1. Selecting the Companies for the Survey
2.2. Selecting Respondents from Chosen Companies
3. Methods for Data Collection
3.1. The questionnaire and Analysis of Response rate
3.2. Interviews
4. Analysis Methods
4.1. The Summated Rating (or Likert) Scale
4.2. Cluster Analysis
4.3. Spread sheet
5. Validity and Reliability
III.CHAPTER TWO
THE IMPACT OF INFORMATION TECHNOLOGY (IT) ON THE AUDIT PROCESS
1. Automation of Accounting Information System (AIS) and Its Impact on the Audit Process
2. The New Challenges for Auditing Profession
3. Information technology and its application for audit process
3.1. The audit process in automated Accounting Information System (AIS)
3.1.1. Auditing around the computer
3.1.2. Auditing through the computer
3.1.2.1. Test data approach
3.1.2.2. Parallel Simulatio
3.1.2.3. Embedded Audit Module Approach
3.1.3. Auditing with the computer
3.2. Stages of information technology adoption for audit process
3.3. Computer assisted audit tools and techniques (CAATTs)
3.3.1. General use software
3.3.2. Generalized audit software (GAS)
3.3.3. Automated work paper software
3.4. Potential benefits of CAATTs at individual user, business proce and work group levels
3.4.1. IT Impact on Junior Auditor
3.4.2. IT Impact on Senior Auditor
3.4.3. IT Impact on Audit Managers
3.4.4. IT Impact at the Business Process Level
3.4.5. IT Impact at the Work Group Level
3.4.6. Task-Technology Fit
3.5. The importance of CAATTs in each audit phases
3.6. The Trends in the Application of CAATs for Audit Process
IV. CHAPTER THREE
DETERMINANT FACTORS FOR EFFECTIVE ADOPTION OF INFORMATION
TECHNOLOGY (IT) IN GENERAL AND FOR AUDITING IN PARTICULAR
1. Introduction
2. The determinants for technology adoption in enhancing work efficiency and effectiveness
2.1. Perceived difficulty and technical complexity
2.2. Adoption experiences
2.3. Suppliers’ commitment and the need of specialist assistance
2.4. Perceived benefit
2.5. Compatibility
2.6. Enhanced value
2.7. Cost-Effectiveness
2.8. Data Security and Viruses
2.9. The Human Element in Technology Adoption
3. Managing Resistance in Technology Adoption
V. CHAPTER FOUR
EMPIRICAL ANALYSIS
1. Introduction
2. Objectives of Firms and Awareness of both Management and Employees in Adopting CAATs
3. Current level of firms’ involvement in CAATs application for auditing
3.1. The type of IT techniques and tools being used and the area where applied in the audit process
3.2. Assessing the factors for the adoption of CAATs by firms in general
4. Assessing the factors for effective application of CAATs by users in the audit process
5. Likely Future Involvement
VI.CHAPTER FIVE
CONCLUSIONS
1. Chapter overviews
2. Research findings
3. Implications for audit firms and to employees in the audit profession
4. Related areas for further research
VII. BIBLIOGRAPHY
VIII.APPENDICES
Appendix

Author: Zeleke Belay Temesgen

Source: Blekinge Institute of Technology

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