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Title: Analysing the impact of information technology on the audit process within mid-tier audit firms
Authors: Azzopardi, Alison
Keywords: Auditing -- Malta
Auditing -- Data processing
Information technology -- Malta
Issue Date: 2012
Abstract: Purpose: This dissertation aims to analyse the impact that Information Technology (IT) has on the audit process within Maltese mid-tier audit firms. The objectives of this study are to determine whether the automation of the audit process actually facilitates the work of the auditor and the pros and cons that such systems have in store. Design: Both primary and secondary data were utilised for this study. Primary data was gathered from semi-structured interviews; which were conducted with one of the audit partners of each selected mid-tier audit firm. Secondary data was then collected through online journals, edited books, from the internet and from a local study. Findings: The study focuses on the six main themes that have arose from the constant comparison method, being: size, professional judgement, managing change, globalisation, increasing efficiency and trusting. These themes explain the trigger that led the mid-tier firms under review to automate their audit process. Conclusion: This study shows that there is an increased awareness of IT audit software within the medium-sized audit firms. However, the procedures and practices adopted by large overseas firms do not necessarily apply in small countries like Malta. It was also concluded that using an automated system is more efficient and effective rather than using the traditional way of conducting the audit as it facilitates the audit process and improves the quality of the audit work. Finally, even though IT assisted audit firms to change the audit process, professional judgement remains important and the scope of the audit remains the same. Implications: The findings suggest that notwithstanding the size of Maltese audit firms IT plays an important role within mid-tier firms, as it positively impacts the over
Description: B.ACCTY.(HONS)
Appears in Collections:Dissertations - FacEma - 2012
Dissertations - FacEMAAcc - 2012

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