Specificity of the financial statements audit process in the information technology environment
Specificity of the financial statements audit process in the information technology environment
Author(s): Kristina MijićSubject(s): Accounting - Business Administration, ICT Information and Communications Technologies
Published by: Finrar d.o.o Banja Luka
Keywords: audit of financial statements; audit software; audit techniques;
Summary/Abstract: The paper provides an overview of the literature on the financial statements audit process and information technologies that can be implemented in the audit process in order to improve the performance of the audit process. Based on the literature review through the discussion, two key specifics of the implementation of the information technologies into the audit process have been identified. First of all, there is a change in the way in which audit activities are carried out, because audit activities are realized based on the using information technologies. These provides the changes in the volume and reliability of the collected audit evidences, as well as reducing the time of audit process. Furthermore, the application of information technologies leads to the expansion of the audit activities to the segment of testing internal control of the accounting information system.
Journal: Financing - naučni časopis za ekonomiju
- Issue Year: 10/2019
- Issue No: 2
- Page Range: 21-34
- Page Count: 14
- Language: English, Serbian