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Impact of Computerized Accounting System on External Audit Functions

The University Advanced Research Journal, Issue 3, 2011

19 Pages Posted: 19 Mar 2012  

Emmanuel Ikechukwu Okoye

Nnamdi Azikiwe University - Department of Accountancy

Oghoghomeh Tennyson

affiliation not provided to SSRN

Date Written: March 14, 2012

Abstract

This study investigated the impact of a computerized accounting system on external audit functions. To achieve this purpose, research questions were raised, hypothesis was formulated and a review of related literature was made. The population of the study comprises those audit firms operating in Asaba, the Delta state capital. In order to gather the needed data for this study, a well structured questionnaire designed in likert five-point scale was administered on the external auditors of the selected audit firms. The stated hypothesis was tested with the t-test. Our findings revealed that though auditor’s knowledge of computer makes a significant difference on his effective audit of a computerized accounting system, certain factors serve as limitation to its effectiveness it was therefore concluded that to enhance the effectiveness of external audit functions in a computerized accounting system, these limiting factors have to be surmounted.

Keywords: computerization, accounting systems, audit functions, cash audit

Suggested Citation

Okoye, Emmanuel Ikechukwu and Tennyson, Oghoghomeh, Impact of Computerized Accounting System on External Audit Functions (March 14, 2012). The University Advanced Research Journal, Issue 3, 2011. Available at SSRN: https://ssrn.com/abstract=2022095

Emmanuel Ikechukwu Okoye (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria

Oghoghomeh Tennyson

affiliation not provided to SSRN

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