Abstract

The objectives of this research is to give a clear view of the electronic auditing environment in companies, to determine the main benefits and challenges of Computer Assisted Audit Techniques (CAATs) and to review the opinions of researchers on Generalized Audit Software (GAS). The study also sheds the light on the reality of electronic auditing in Kingdom of Bahrain. The descriptive approach was used, where the previous studies were surveyed, discussed accurately, and then the results of the study were reached. The results showed the benefits and challenges of evolving from traditional audit techniques to CAATs. This research provides more detailed information about the use of GAS in the different sectors of companies. It also provides academic contribution not only in auditing area but also in information technology, especially in Bahrain. At the end of the study, there are suggestions for future research, which may help to get a qualitative achievement in the use of electronic audit and CAATs in Bahrain.

Highlights

  • The endless shifts in the world of business are allegedly impacted by the current technology and information revolution

  • At the most recent times and under the umbrella of the real time accounting (RTA) systems, it is possible that financial data is processed electronically as well as having audit evidence available in an electronic form

  • Many audit firms are operating in Bahrain including all Big 4; The Big Four accounting firms refer to Deloitte & Touche (D&T), PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young

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Summary

Introduction

The endless shifts in the world of business are allegedly impacted by the current technology and information revolution. It is assured that to enable auditors issue high quality accounting data as well as making simultaneous decisions, it is important to have and rely on quality data in addition to exist on lin Researchers in this domain assure that real time data is essential for accuracy of outcomes in the auditing domain. Writers in the auditing domain suggested that Information technologies drive firms to do their transactions in an electronica manner They will be able to issue their financial statements electronically and on line through real time system. At the most recent times and under the umbrella of the real time accounting (RTA) systems, it is possible that financial data is processed electronically as well as having audit evidence available in an electronic form This required from firms to replace their paper and traditional documents with electronic ones including orders for purchasing; invoices; and checks (Rezaee et al, 2001). The conclusion and suggestion for future research are discussed further

Research Objectives
The contributions of the study
Audit and Information Technology in Bahrain The audit in
Background of Electronic Audit
Benefits of E-Auditing
Audit Quality and CAATs
The Roles of Electronic Audit
Findings
Suggestions for Future studies
Full Text
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