International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 7, Issue 2, pp: (1199-1205), Month: October 2019 - March 2020, Available at: www.researchpublish.com
The impact of Computer Assisted Auditing Techniques (CAATs) on development of audit process: an assessment of Performance Expectancy of by the auditors 1
Dr. Ahmad Marei, 2Prof. Emer. Dr. Takiah Binti Mohd Iskandar
1
Faculty of Finance & Administrative Sciences, Al-Madinah International University, Kuala Lumpur, Malaysia
2
Faculty of Finance & Administrative Sciences, Al-Madinah International University, Kuala Lumpur, Malaysia
Abstract: Majority of current businesses are shifting towards adopting computerized accounting information systems. This trend tends to have effects on the performance of IT audit, financial reports audit and tracing esource documents. The adoption of CAATs as audit technologies enables auditors to carry out effective and efficient IT audit work performance and to mitigate audit time. The objective of this study is to examine the performance expectancy that influence the computer assisted auditing techniques (CAATs) Keywords: Computer Assisted Audit Techniques (CAATs).
1. INTRODUCTION Computer Assisted Auditing Techniques (CAATs) is the paradigm within auditing as a discipline. Information systems auditing is still at its infancy compared to traditional auditing in small and medium size practices (Thnaibat, 2003). However, IS auditors are currently providing audit assurance to organizations (Wang & Yang, 2005). In most cases these auditors are deployed to ensure that internal controls implemented within information systems are adequate and effective. Additionally one can conclude that rapid changes in technology introduced new procedures on how audit need to be conducted. As a result, traditional audit functions are being challenged by the use of information systems (Wang & Yang., 2005). Furthermore, the ever changing technology makes it difficult for auditors to execute their audit functions using traditional audit methods. As more of the evidence they use becomes electronic and paperless, auditors must change their audit techniques (Mancuso, 1997). The focus of the audit should shift from manual detection to technology-based prevention (Bierstaker et al., 2001). There are well established tools developed which can assist auditors in achieving audit objectives. For example, Computer Assisted Auditing Techniques (CAATs) have been developed to assist auditors in performing audits on computerized accountancy data, Generalized Audit Software (GAS) is used by auditors to analyse and audit either live or extracted data from a wide range of applications (Debreceny et al. 2005). GAS also includes several tools that enable the extraction of data from a client’s system and analysis of that data, statistical analysis and audit expert systems (Debreceny et al., 2005). And computer assisted audit tools (CAATs) systems provide several potentials. CAATs used the computer as an audit tool for enhancing the effectiveness and efficiency of audit procedures (Isabel Pedrosa & Costa, 2012). The purpose of this paper is impact of CAATs on development of audit process through performance expectancy of by the auditors. The paper first provides a summary of the information Traditional Manual Auditing Vs. CAATs usage of technology, International Standards on CAATs, Implications for the CAATs process, Computer Auditing Activity and Performance and Performance expectancy by auditors . observations on how CAATs has impacted on development of audit process an assessment of Performance Expectancy of by the auditors.
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