THE EFFECT OF AUTOMATED AUDIT ON PERFORMANCE OF AUDITOR IN AN ORGANIZATION

  • Type: Project
  • Department: Accounting
  • Project ID: ACC2819
  • Access Fee: ₦5,000 ($14)
  • Pages: 45 Pages
  • Format: Microsoft Word
  • Views: 925
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT

This project investigates the effect of automated audit on the performance of Auditor in the four selected audit firms in Ogun state (Tunji Labode & Co, Idi-Aba, Abeokuta, Gbemi Shorunke & Co., Chartered Accountants, Isabo-Okeyeke, Abeokuta, SETH Consulting, Isabo, Abeokuta, and Upswing Associates Limited, Asero, Abeokuta, Ogun State). The study adopts a descriptive survey method. The research instrument for data collection was questionnaire. Data were collected from both primary and secondary sources. A total of 80 questionnaires were distributed to the respondents to gathered adequate information. Data collected were analyzed using descriptive and simple percentage. Findings revealed that audit automation have positive effect on auditors’ tasks and audit organizations. Also, automation led to changes in audit organisation structures, the increasing adoption of ICT in the audit process has aided auditor’s professional career development. Moreover, findings also revealed that automation skills stand as only one of the numerous requirements that will be considered when recruiting an auditor. It is assumed that a graduate with the requisite intelligence should be able to adapt to the technological environments obtaining in today’s audit profession. The study among others recommends that in the future an assessment of the degree of integration of ICT in audit be carried out. Since structure and interaction are considered both the medium and outcome of each other, a longitudinal study over a period of three to five years is likely to yield a better understanding of the impact of ICT at a particular technological state.


 


Keywords: Audit, Auditor, Organization, Automation, Information Technology.



TABLE OF CONTENTS


Front Page       ….……………………………………………………………………           i


Certification    …………………………………………………………………………        ii


Dedication      ……….………….……………………………………………………          iii


Acknowledgement   ………………..…………………………………………………….    iv


Abstract                      ……………………………………………………………………    v


Table of contents        ………………………………………………………………….    vi-viii


List of Tables              …………………………………………………………………..      ix


Chapter One: Introduction


1.1       Background Information        -           -           -           -           -           -                       1


1.2       Purpose of Research               -           -           -           -           -           -                       3


1.3       Objectives of the study           -           -           -           -           -           -                       3


1.4       Research Questions                 -           -           -           -           -           -                       3


1.5       Scope of the Study                 -           -           -           -           -           -                       4


1.6       Significance of the Study       -           -           -           -           -           -                       4


1.8       Conceptual Definitions of Terms        -           -           -           -           -                       4


Chapter Two: Review of Related Literature


2.1 Conceptual Review                       -           -           -           -           -           -                       6


2.1 Drivers and Objectives of Audit Automation      -           -           -           -                       6


2. 2 Audit Automation Change Management                        -           -           -           -                       8


2.3 Formalizing and Reengineering the Audit Program         -           -           -                       10


2.4 Baseline Monitoring (“Baselining”)          -           -           -           -           -                       13


2.5  Architecture of Automated Auditing      -           -           -           -           -                       15


2.6 Handling, Evaluation and Integration of Audit Evidence           -           -           -                       17


2.7 Software for Audit Automation   -           -           -           -           -           -                       18


2.8 Scalability of Audit Automation  -           -           -           -           -           -                       20


2.9 Securing Continuous Auditing     -           -           -           -           -           -                       20


2.3  Theoretical Framework                -           -           -           -           -           -                       22


2.3.1 Structuration Theory                  -           -           -           -           -           -                       22


2.4  Empirical Review             -           -           -           -           -           -           -                       24


Chapter Three: Methodology


3.0       Introduction                -           -           -           -           -           -           -                       27


3.1       Research Design         -           -           -           -           -           -           -                       27


3.2       Population                   -           -           -           -           -           -           -                       27


3.3       Sample and Sampling Technique        -           -           -           -           -                       27


3.4       Research Instrument               -           -           -           -           -           -                       27


3.5       Validating of Instrument        -           -           -           -           -           -                       28


3.6       Method of and Sources of Data Collection    -           -           -           -                       28


3.7       Method of Data Analysis       -           -           -           -           -           -                       28


Chapter Four: Presentation and Analysis of Data


4.0       Introduction    -           -           -           -           -           -           -           -                       29


4.1       Data Presentation        -           -           -           -           -           -           -                       29


For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853


Share This
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC2819
    Fee ₦5,000 ($14)
    No of Pages 45 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This study was carried out with the aim of appraising non-audit services, audit tenure and independence of the auditor in Nigeria. In order to actualize the objectives of the study, various literature and theoretical issues were discussed. The instrument used for... Continue Reading
    1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY The practices of auditing originated from the necessity to impose some system of check upon persons whose business involves to record the receipt and disbursement of money on behalf of theirs. However, due to the crudeness of accounting methods in the early stages of civilization individuals checked... Continue Reading
    1.0 INTRODUCTION  1.1BACKGROUND OF THE STUDY  The practices of auditing originated from the necessity to impose some system of check upon persons whose business involves to record the receipt and disbursement of money on behalf of theirs. However, due to the crudeness of accounting methods in the early stages of civilization individuals checked... Continue Reading
    ABSTRACT This study is motivated by a desire to examine the relationship between auditor independence and audit quality. A sample of five banks listed in the Nigeria Stock Exchange was selected as the sample size covering the period of 2004 – 2009 financial years. In light of the empirical review... Continue Reading
    ABSTRACT Balance sheet audit are established to know the state of affairs of company’s. it is necessary and assist the auditor to solve problems arising as a result of post balance sheet events. Lastly, with the help of the balance sheet audit the auditor has been able to allocate time for the assessment of a company’s asset and liabilities... Continue Reading
    ABSTRACT Balance sheet audit are established to know the state of affairs of company’s. it is necessary and assist the auditor to solve problems arising as a result of post balance sheet events. Lastly, with the help of the balance sheet audit the auditor has been able to allocate time for the assessment of a company’s asset and liabilities... Continue Reading
    CHAPTER ONE: INTRODUCTION 1.1 Background to the Study It has been advocated by auditing scholars that the main aim of an audit assignment is to produce a quality report. The emphasis here is on ‘quality report’, hence, it is presumed that the major role of... Continue Reading
    CHAPTER ONE INTRODUCTION 1.0 BACKGROUND TO THE STUDY In the wake of the financial crisis of 2007–2009 and the failure of a number of global corporate entities, investors, analysts and regulators continue to wonder exactly what happened, what could have prevented it, and what measures can be taken to ensure it doesn’t happen again. With... Continue Reading
    CHAPTER ONE INTRODUCTION 1.0 BACKGROUND TO THE STUDY In the wake of the financial crisis of 2007–2009 and the failure of a number of global corporate entities, investors, analysts and regulators continue to wonder exactly what happened, what could have prevented it, and... Continue Reading
    CHAPTER ONE INTRODUCTION 1.0 BACKGROUND TO THE STUDY In the wake of the financial crisis of 2007–2009 and the failure of a number of global corporate entities, investors, analysts and regulators continue to wonder exactly what happened, what could have prevented it, and what measures can be taken to ensure it doesn’t happen again. With... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us