The Internal Auditing Procedures Effectiveness in Using Accounting Information System to Assess Fraud in Jordanian Commercial Banks

Abstract

Accounting information system (AIS) is critical for managing financial data as well as assets of a bank. However, just as any IT system, AIS faces risks of an information breach, data manipulation, fraudulent entries, system hacks or a takeover aside from common issues like server downtime for cloud-based systems. This study aims at determining the internal auditing procedures effectiveness in using accounting information system to assess fraud in Jordanian commercial banks and the role of management in achieving it. This study utilizes descriptive approach. A questionnaire with 48 items was used was used and distributed to 300 internal auditors in 16 commercial banks in Jordan. Out of the 200 retrieved questionnaires only 155 analyzed by using spss .. The results show that the commercial banks' internal auditing procedures is efficient in reducing electronic fraud or assess it before happened.