Beyond traditional audits: the implications of information technology on auditing

This paper examines the manner in which audits would be conducted in the future and how technology has transformed and impacted the business processes of public, private sector entities and various organisations and the guidelines which need to be followed to ensure compliance with applicable laws a...

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Main Authors:	Shaikh, Humaiz, Jokhio, Muhammad Uzair, Ahmed Mahir, Zulfikar, Chandio, Shahmurad, Abdullah, Mirza Manirajah, Raza, Ali, Salam, Shah, Shah, Asadullah
Format:	Article
Language:	English English
Published:	Science Publishing Corporation Inc. 2018
Subjects:	T10.5 Communication of technical information
Online Access:	http://irep.iium.edu.my/64340/ http://irep.iium.edu.my/64340/ http://irep.iium.edu.my/64340/ http://irep.iium.edu.my/64340/1/64340_Beyond%20Traditional%20Audits.pdf http://irep.iium.edu.my/64340/2/64340_Beyond%20Traditional%20Audits_SCOPUS.pdf

id	iium-64340
recordtype	eprints
spelling	iium-643402018-07-02T04:37:32Z http://irep.iium.edu.my/64340/ Beyond traditional audits: the implications of information technology on auditing Shaikh, Humaiz Jokhio, Muhammad Uzair Ahmed Mahir, Zulfikar Chandio, Shahmurad Abdullah, Mirza Manirajah Raza, Ali Salam, Shah Shah, Asadullah T10.5 Communication of technical information This paper examines the manner in which audits would be conducted in the future and how technology has transformed and impacted the business processes of public, private sector entities and various organisations and the guidelines which need to be followed to ensure compliance with applicable laws and regulations. The tranperancy of financial statements is of paramount interest to shareholders and other significant stakeholders. This necessities that the financial statements are audited to acquire a certain level of confidence over the integrity of numbers and the validity of business rationale which thereby arises a need for auditor to be well equipped with all the tools and system essentials in carrying out an effective and efficient audit. Information Technology can act as an impediment or stimulant towards the achievement of the above discussed objective. Various organizations use automation tools and ERP applications which have become a vital cog in their internel control environment. Understanding by auditor of these automated controls is necessary to ensure that the they are well equipped with the requisite skills and have knowledge of all technological tweaks that would be required in the audit process of a complex structured entity. The primary function which can be performed by generalized audit software include customizing data in numrous ways to serve the distinct purpose. The audit teams obtain insights into latest developments and plan their procedures accordingly keeping in view the applicable professional standards. Science Publishing Corporation Inc. 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/64340/1/64340_Beyond%20Traditional%20Audits.pdf application/pdf en http://irep.iium.edu.my/64340/2/64340_Beyond%20Traditional%20Audits_SCOPUS.pdf Shaikh, Humaiz and Jokhio, Muhammad Uzair and Ahmed Mahir, Zulfikar and Chandio, Shahmurad and Abdullah, Mirza Manirajah and Raza, Ali and Salam, Shah and Shah, Asadullah (2018) Beyond traditional audits: the implications of information technology on auditing. International Journal of Engineering & Technology (UAE), 7 (2.34). pp. 5-11. ISSN 2227-524X https://www.sciencepubco.com/index.php/ijet/article/view/13897 10.14419/ijet.v7i2.34.13897
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	T10.5 Communication of technical information
spellingShingle	T10.5 Communication of technical information Shaikh, Humaiz Jokhio, Muhammad Uzair Ahmed Mahir, Zulfikar Chandio, Shahmurad Abdullah, Mirza Manirajah Raza, Ali Salam, Shah Shah, Asadullah Beyond traditional audits: the implications of information technology on auditing
description	This paper examines the manner in which audits would be conducted in the future and how technology has transformed and impacted the business processes of public, private sector entities and various organisations and the guidelines which need to be followed to ensure compliance with applicable laws and regulations. The tranperancy of financial statements is of paramount interest to shareholders and other significant stakeholders. This necessities that the financial statements are audited to acquire a certain level of confidence over the integrity of numbers and the validity of business rationale which thereby arises a need for auditor to be well equipped with all the tools and system essentials in carrying out an effective and efficient audit. Information Technology can act as an impediment or stimulant towards the achievement of the above discussed objective. Various organizations use automation tools and ERP applications which have become a vital cog in their internel control environment. Understanding by auditor of these automated controls is necessary to ensure that the they are well equipped with the requisite skills and have knowledge of all technological tweaks that would be required in the audit process of a complex structured entity. The primary function which can be performed by generalized audit software include customizing data in numrous ways to serve the distinct purpose. The audit teams obtain insights into latest developments and plan their procedures accordingly keeping in view the applicable professional standards.
format	Article
author	Shaikh, Humaiz Jokhio, Muhammad Uzair Ahmed Mahir, Zulfikar Chandio, Shahmurad Abdullah, Mirza Manirajah Raza, Ali Salam, Shah Shah, Asadullah
author_facet	Shaikh, Humaiz Jokhio, Muhammad Uzair Ahmed Mahir, Zulfikar Chandio, Shahmurad Abdullah, Mirza Manirajah Raza, Ali Salam, Shah Shah, Asadullah
author_sort	Shaikh, Humaiz
title	Beyond traditional audits: the implications of information technology on auditing
title_short	Beyond traditional audits: the implications of information technology on auditing
title_full	Beyond traditional audits: the implications of information technology on auditing
title_fullStr	Beyond traditional audits: the implications of information technology on auditing
title_full_unstemmed	Beyond traditional audits: the implications of information technology on auditing
title_sort	beyond traditional audits: the implications of information technology on auditing
publisher	Science Publishing Corporation Inc.
publishDate	2018
url	http://irep.iium.edu.my/64340/ http://irep.iium.edu.my/64340/ http://irep.iium.edu.my/64340/ http://irep.iium.edu.my/64340/1/64340_Beyond%20Traditional%20Audits.pdf http://irep.iium.edu.my/64340/2/64340_Beyond%20Traditional%20Audits_SCOPUS.pdf
first_indexed	2023-09-18T21:31:18Z
last_indexed	2023-09-18T21:31:18Z
_version_	1777412528775626752

Beyond traditional audits: the implications of information technology on auditing

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