An assessment of the impact of Audit Software on the audit process: Case study of small audit firms in Harare.
- Author
- Mashapure, Lionera M.
- Title
-
An assessment of the impact of Audit Software on
the audit process: Case study of small audit firms in Harare. - Abstract
-
The impact Information Technology (IT) has had in the recent years on the business world is
remarkable and the transition that audit has gone through up to date is captivating. According to
experts, Generalized Audit Software (GAS) is the most widely used Computer-Assisted Audit
Tool and Techniques (CAATTs) in recent years. This tool is used to automate a lot of the audit
tasks and assists auditors in analysing the accounting data electronically in instances it will be
impossible to do so manually. Despite the fact that GAS exists, prior study has revealed that
there is little proof of its broad use by external auditors, and that they appear uninterested in the
instrument. Most of the prior studies focused on the internal auditors and external auditors of the
large firms. This research is serving as a gap filler by exploring the impact the GAS has on the
small audit firms’ audit processes including the non-adopters of the software. Through the use of online surveys and using open ended and close ended questions in the
questionnaire an investigation was carried out from the 87 who responded out of 100 small audit
firms from the none users and users of the software. The main aim of this research is to assess
the benefits associated with using GAS and the reasons or factors that push firms to either adopt
or not adopt the use of GAS. In order for auditors to obtain sufficient evidence on the accuracy
and fairness of financial information to form an opinion that is accurate, considerable samples
must be picked.
- Date
- December 2022
- Publisher
- BUSE
- Keywords
- Information Technology
- Audit Software
- Supervisor
- N/A
- Item sets
- Department of Accountancy
