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Auditing cybersecurity risks considering the information renaissance and its impact on the continuity of companies

Author

Listed:
  • Asaad Mohammed Ali Wahhab

    (College of Administration and Economics, University of Karbala, Iraq)

  • Baneen Hassoun Jawad

    (College of Administration and Economics, University of Karbala, Iraq)

  • Emad Hamza Abd Alajeli

    (College of Administration and Economics, University of Karbala, Iraq)

Abstract

The research aims to identify the role of the external auditor in auditing cybersecurity risks and the size of the cybersecurity risks to which Iraqi companies are exposed and to determine the procedures of the external auditor and Iraqi audit offices in auditing cybersecurity risks and their adequacy, in addition to knowing the impact of cybersecurity risks on the continuity of Iraqi companies. Eighty-five questionnaires were distributed to a sample of external auditors in auditing offices who have experience auditing electronic accounting systems in Iraq, and 77 questionnaires were retrieved from them that are valid for analysis using the SPSS statistical program. There is a relative development in the use of electronic accounting and administrative systems by Iraqi joint stock companies. There is a clear impact on the continuity of companies due to cybersecurity risks that cannot be avoided, as well as the lack of sufficient experience among many work teams in audit offices to audit cybersecurity risks.

Suggested Citation

  • Asaad Mohammed Ali Wahhab & Baneen Hassoun Jawad & Emad Hamza Abd Alajeli, 2022. "Auditing cybersecurity risks considering the information renaissance and its impact on the continuity of companies," Technium Social Sciences Journal, Technium Science, vol. 35(1), pages 18-28, September.
    • Handle: RePEc:tec:journl:v:35:y:2022:i:1:p:18-28
    DOI: 10.47577/tssj.v35i1.7348
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    References listed on IDEAS

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    1. Cristina Raluca Gh. Popescu & Gheorghe N. Popescu, 2018. "Risks of cyber attacks on financial audit activity," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 16(149), pages 140-140, February.
    2. Sezer Bozkus Kahyaoglu & Kiymet Caliyurt, 2018. "Cyber security assurance process from the internal audit perspective," Managerial Auditing Journal, Emerald Group Publishing Limited, vol. 33(4), pages 360-376, May.
    3. Pierangelo Rosati & Fabian Gogolin & Theo Lynn, 2019. "Audit Firm Assessments of Cyber-Security Risk: Evidence from Audit Fees and SEC Comment Letters," The International Journal of Accounting (TIJA), World Scientific Publishing Co. Pte. Ltd., vol. 54(03), pages 1-56, September.
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    Cited by:

    1. Shaimaa Abdulazeez Sahib & Asaad Mohammed Ali Wahhab, 2023. "The Experience of the Internal Auditor in Reducing the Penetration of Computerized Data and its Effect on the Bank Continuity: Evidence from the Emerging Markets," Technium Social Sciences Journal, Technium Science, vol. 45(1), pages 106-126, July.

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    More about this item

    Keywords

    Audit; cyber security risks; informational renaissance; corporate continuity;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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