Adoption of audit technology in audit firms
This paper investigates audit technology adoption based on Technology-Organization-Environment (TOE) framework, Diffusion of Innovation and Institutional theories.As more audit firm’s clients use enterprise information systems, it is important for audit firms to adopt audit technologies in auditing...
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Main Authors: | , , |
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Format: | Conference or Workshop Item |
Language: | English |
Published: |
2013
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Subjects: | |
Online Access: | http://repo.uum.edu.my/19098/1/ACIS%202013%201-12.pdf http://repo.uum.edu.my/19098/ |
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Summary: | This paper investigates audit technology adoption based on Technology-Organization-Environment (TOE)
framework, Diffusion of Innovation and Institutional theories.As more audit firm’s clients use enterprise information systems, it is important for audit firms to adopt audit technologies in auditing.Descriptive statistics
results from questionnaire survey on 38 audit firms’ auditors reveal that more than 50% of auditors had never used computer-assisted-audit tools other than electronic spreadsheets.Despite the low adoption, the respondents agreed that audit technology is cost-effective.Low mean ratings were given on other indicators of audit
technology adoption i.e. technology compatibility, technology complexity, organization readiness, top
management support, employee’s competency, client’s system complexity, competitive pressure, vendors’ and professional accounting bodies’ supports. Results also show that firm size influenced the adoption level.Theoretically, this paper contributes in developing a comprehensive audit technology adoption framework by incorporating client’s system complexity and professional accounting body support that enhances the original TOE framework |
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