Audit effectiveness : meeting the IT challenge

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Title:

Audit effectiveness : meeting the IT challenge

Author:

Omoteso, Kamil.

ISBN:

9781409434689

Personal Author:

Omoteso, Kamil.

Publication Information:

Farnham, Surrey : Gower, [2013]

Physical Description:

xv, 196 pages ; 25 cm.

Contents:

Machine generated contents note: pt. I MODERN AUDITING AND THE IT REVOLUTION -- 1.Background to Auditing -- Introduction -- Historical Development of Auditing -- External and Internal Audits -- The Role of Auditing in Organisational Governance -- Auditing, Information and Information Technology -- Conclusion -- 2.Auditing and the IT Phenomenon -- Introduction -- Developments in Computerised Business Information Systems -- The Need for IT Tools and Techniques in Financial Statement Audit -- Efforts by the Accountancy Profession on IT Use in Accounting -- Developments in Computerised Audit Tools -- Conclusion -- pt. II AUDIT OF COMPUTERISED INFORMATION SYSTEMS -- 3.Computerised Information Systems, Organisational Objectives and Auditing -- Introduction -- Computer Auditing -- Control Objectives for Information and Related Technology: An Overview -- Conclusion -- 4.Audit and Control of Supply Chain Information Systems -- Introduction -- The Supply Chain: An Overview --

Contents note continued: The Supply Chain Information System -- Audit and Control of Supply Chain Information Systems -- Conclusion -- 5.Risk and Internal Control in IT Environments -- Introduction -- Background to Risks in Organisations -- The Nature and Dimensions of Risks in an IT Environment -- Internal Control in IT Environments -- Risk and Internal Control in IT Environments -- Internal Controls and External Audit in IT Environments -- Conclusion -- pt. III AUDIT AUTOMATION AND CONTEMPORARY IT CHALLENGES -- 6.Audit Automation -- Introduction -- Developments in Audit Automation -- Audit Automation: Perspectives from the Literature -- Computer-Assisted Auditing Techniques -- Conclusion -- 7.The Use of Decision Aids in Auditing -- Introduction -- Auditing and Decision Aids: Insights from the Literature -- Decision Support Systems -- Expert Systems -- Neural Networks -- Conclusion -- 8.Continuous Online Auditing -- Introduction -- The Background to and the Nature of COA --

Contents note continued: The Practical Operation of COA -- COA and Internal Auditing -- Benefits of COA -- Drawbacks of COA -- Potential Usefulness of COA -- Implications of COA Capabilities for the Auditing Profession -- Conclusion -- pt. IV AUDITING AND IT: THEORETICAL PERSPECTIVES AND PRACTICAL IMPLICATIONS -- 9.Frameworks for Understanding the Impact of IT on Auditing -- Introduction -- Contingency Theory -- The Sociotechnical Systems Theory -- Structuration Theory -- A Critique of the Three Theoretical Perspectives -- The Three-Layered Model at a Meta-Level Perspective -- The Relevance of the Model to Previous Studies on IT and Auditing -- Conclusion -- 10.The Impact of IT on Auditing -- Introduction -- The Usefulness of IT in Audit: Perspectives from the Literature -- Auditors' Use of IT Tools/Techniques and Manual Techniques -- IT and Audit Evidence -- IT and Audit Tasks/Processes -- IT and Audit Efficiency -- IT and Audit Effectiveness -- IT and Joint Audits --

Contents note continued: The Impact of IT on the Structure of Audit Firms/Departments -- Audit Automation and Auditor Independence -- Audit Automation and the Audit Expectations-Performance Gap -- IT and the Audit Trinity -- Conclusion -- pt. V AUDITING AND THE IT CHALLENGE -- 11.The Audit Automation Maturity Model -- Introduction -- Background to Maturity Models -- The Audit Automation Maturity Model -- Conclusion.

Subject Term:

Auditing -- Data processing.

Information technology -- Auditing.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	23168001677895	657.453 O.56A 2013	1	Searching... Unknown

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Summary

In Audit Effectiveness, Dr Kamil Omoteso examines how information technology is changing the landscape for the audit profession as IT tools and techniques continue to be developed for auditors in the pursuit of quality, efficiency and effectiveness. In addition to shedding light on practical subjects such as audit automation, continuous online auditing and computer auditing, this book introduces some theory that helps explain the motivation for the use of new tools and techniques, and assists understanding of their impact on the quality of audit judgment. The book proposes a three-layered model - an integration of contingency, socio-technical systems and structuration theories - for a comprehensive understanding of IT's impact on audit. The model advocates that the use of IT in audits is a function of certain contingent factors that determine an optimal mix of human skills and technological capabilities, which would lead to changes in the nature of auditors' roles and outputs and audit organisations' structures. Dr Omoteso puts forward an audit automation maturity model that can help audit firms/departments to understand their current level of IT integration and how to systematically enhance their capabilities with a view to meeting modern IT challenges - taking them from the position of mere 'followers of technology' to that of effective 'leaders of technology'. Audit Effectiveness is for anyone practising in auditing or accounting automation, as well as for those with an academic or research interest in the challenges posed by technological advances for auditors in particular, and for managers in general.