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Information Technology in Audit Processes: An Empirical Evidence from Malaysian Audit Firms

Author

Listed:
  • Mazlina Mustapha

    (Faculty of Economics and Management, Universiti Putra Malaysia, UPM, 43400 Serdang, Selangor, Malaysia,)

  • Soh Jin Lai

    (Faculty of Economics and Management, Universiti Putra Malaysia, UPM, 43400 Serdang, Selangor, Malaysia.)

Abstract

This paper attempts to highlight the usage of information technology for auditors at different levels and positions in audit firms in Malaysia. Factors influencing the usage of information technology in the audit processes are also investigated. Questionnaires were distributed to external auditors in Klang Valley. Descriptive statistics and regression analysis were carried out to analyze the data. Telephone interviews were also conducted to support the results. The result indicates that information technology is widely used in the audit processes. Information technology is especially used to generate the audit working papers and audited financial statements and to select samples during audit processes. The results indicate that information technology is mainly used by the senior auditors and audit managers in their organizations. The results appear to suggest that the auditors are motivated to use information technology because it helps to shorten the time of the audit process and get their job done in a more efficient manner.

Suggested Citation

  • Mazlina Mustapha & Soh Jin Lai, 2017. "Information Technology in Audit Processes: An Empirical Evidence from Malaysian Audit Firms," International Review of Management and Marketing, Econjournals, vol. 7(2), pages 53-59.
    • Handle: RePEc:eco:journ3:2017-02-09
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    References listed on IDEAS

    as
    1. Munir Majdalawieh & Issam Zaghloul, 2009. "Paradigm shift in information systems auditing," Managerial Auditing Journal, Emerald Group Publishing, vol. 24(4), pages 352-367, April.
    2. Joanna L.Y. Ho, 1999. "Technology and Group Decision Process in Going-Concern Judgements," Group Decision and Negotiation, Springer, vol. 8(1), pages 33-49, January.
    3. Ovidiu Constantin Bunget & Alin Constantin Dumitrescu, 2009. "Detecting And Reporting The Frauds And Errors By The Auditor," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-11.
    4. Ahmad A. Abu-Musa, 2008. "Information technology and its implications for internal auditing: An empirical study of Saudi organizations," Managerial Auditing Journal, Emerald Group Publishing, vol. 23(5), pages 438-466, May.
    5. Miklos A. Vasarhelyi & Silvia Romero, 2014. "Technology in audit engagements: a case study," Managerial Auditing Journal, Emerald Group Publishing, vol. 29(4), pages 350-365, April.
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    Cited by:

    1. Sharifah Nazatul Faiza Syed Mustapha Nazri & Mohd Ikram Abdul Rasib & Salwa Zolkifli, 2019. "The Influence of Competency, Usage of It and Career Expectation on Internal Auditor¡¯s Effectiveness in Ggovernment Linked Companies (GLCs)," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(3), pages 337-352, May.
    2. Gideon Tayo AKINLEYE & Comfort Temidayo OLANIPEKUN, 2019. "Effects of Information Technology (IT) on Internal Audit in Southwest Nigeria Universities," Journal of Economics and Behavioral Studies, AMH International, vol. 11(1), pages 22-26.
    3. Shuhaida Mohamed Shuhidan & Nurul Syahida Ayza Abd Samad & Zuraidah Mohd Sanusi & Saidatul Rahah Hamidi & Razana Juhaida Johari & Farah Aida Ahmad Nadzri, 2019. "Extending Technology Acceptance Model to EPV Application," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 398-410, August.

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    More about this item

    Keywords

    Audit Process; Auditors; Information Technology;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management

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