The Impact of Computerized Auditing in Reducing Audit Risks in Jordan

The impact of computerized auditing in reducing
audit risks in Jordan

Abstract
This study focusses on finding out the significance of the variety of training programs for
employees, as well as finding out significance of the role of accounting information systems in
the computerized audit programs in reducing audit risks that associated with IT audit in
Jordanian audit firms. A random sample of sector audit firms was selected and the sample
consisted of (50), an accountant, had been randomly recruited to fill the questionnaire.
The results indicated that the software used in the computerized audit ensure good financial
performance, and the staff were well trained and fully qualified for working in the accounting
and IT system that is related to the audit it found that the accounting information systems used in
top ten Jordanian audit firms reduce risks relevant for accounting and ensure good performance.
The study recommends the necessity of working to provide extensive protection programs for
computerized audit firms, in addition to work on supporting staff training courses that increase
the expertise of auditors to deal with the risks occurring.
Keywords: Audit Risks, Computerized Auditing, Audit Programs, IT Auditing.

TABLE OF CONTENTS
1. INTRODUCTION.......................................................................................................................5
1.1 Study Problem........................................................................................................................6
1.2 Study Objectives....................................................................................................................6
1.3 Study Hypotheses...................................................................................................................6
2. THEORETICAL FRAMEWORK AND PREVIOUS STUDIES...............................................7
2.1 IT Auditing ............................................................................................................................7
2.2 Objectives of IT Auditing ....................................................................................................8
2.3 The structure of an IT Audit..................................................................................................9
2.4 Audit planning ......................................................................................................................9
2.5 Test of controls......................................................................................................................9
2.6 Substantive Testing................................................................................................................9
2.7 Assessing audit risk and designing tests of controls:.............................................................9
2.8 Audit Risk Components.........................................................................................................9
3. METHODOLOGY....................................................................................................................10
3.1 Study Population..................................................................................................................10
3.2 Study Sample.......................................................................................................................11
3.3 Study Tool............................................................................................................................11
3.4 Reliability of study Tool .....................................................................................................12
3.5 Stability of study Tool ........................................................................................................12
3.6 Statistical Processing:..........................................................................................................12
4. TESTING HYPOTHESES:.......................................................................................................12
5. CONCLUSION .........................................................................................................................17

REFERENCES..............................................................................................................................18