Audit Effectiveness

In Audit Effectiveness Dr. Kamil Omoteso examines how growing use of information technology is changing the landscape for the audit profession. IT tools and techniques continue to be developed for auditors' use in the pursuit of quality, efficiency and effectiveness and to enable the auditing process to match the current IT standards in accounting, finance and control systems, and in other areas of business operations. Technology-based tools used in auditing include general programs (applicable in other areas of accounting and business); audit-specific programs; and computer-based decision support systems. In some areas of auditing, intelligent expert systems and neural networks are now being used.Efforts have been made to investigate the use of IT in different areas of accounting and to study the implications thereof, but none of these efforts has focused specifically on auditing and this book fills a gap. The author recognizes that professional accounting bodies and regulators are also now giving increased attention to developments in the sophistication of the technologies and systems used in business generally and in auditing specifically.Shedding light on subjects including audit automation, continuous online auditing and computer auditing, the chapters in this book are at once practical, but also introduce some theory that helps explain the motivation for the use of new tools and techniques in auditing and assists understanding of the impact of such tools on the quality of audit judgment. This book is for anyone practicing in the area of auditing or accounting automation, as well as for those with an academic or research interest in the current and future challenges posed by technological advances for auditors in particular and for corporate governance in general.