Adoption of audit technology in audit firms

Khairina Rosli, Paul H.P. Yeow, Siew Eu-Gene

    Research output: Chapter in Book/Report/Conference proceedingConference PaperOtherpeer-review

    16 Citations (Scopus)

    Abstract

    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.

    Original languageEnglish
    Title of host publicationProceedings of the 24th Australasian Conference on Information Systems
    PublisherRMIT University
    ISBN (Electronic)9780992449506
    Publication statusPublished - 2013
    EventAustralasian Conference on Information Systems 2013 - RMIT University, Melbourne, Australia
    Duration: 4 Dec 20136 Dec 2013
    Conference number: 24th
    http://www1.rmit.edu.au/acis2013
    http://acis.aaisnet.org/proceedings/2013.zip (Proceedings)

    Conference

    ConferenceAustralasian Conference on Information Systems 2013
    Abbreviated titleACIS 2013
    CountryAustralia
    CityMelbourne
    Period4/12/136/12/13
    OtherHosted by the School of Business IT and Logistics. The Australasian Conference on Information Systems (ACIS) is the premier conference in Australasia for Information Systems academics. The conference covers technical, organisational, business, and social issues in the application of Information Technology (IT).
    Internet address

    Keywords

    • Audit firms
    • Audit technology
    • Computer-assisted audit tools
    • IT in accounting
    • Technology acceptance

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