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Integrated Information Systems, SAS 94 & Auditors

University of Windsor Working Paper No. 2003-01

30 Pages Posted: 29 Mar 2003  

Jagdish Pathak

University of Windsor - Odette School of Business

Mary R. Lind

North Carolina Agricultural and Technical State University - School of Business & Economics

Multiple version iconThere are 2 versions of this paper

Date Written: January 2003

Abstract

This expansion in the usage of information technology (IT) in organizations affects the financial audit. This technology rich environment can significantly impact how auditors meet the audit objectives. In recognition of these developments, the United States Auditing Standards Board (ASB) issued Statement on Auditing Standards No. 94 (SAS 94), which amends SAS 55, giving guidance to auditors as to how IT impacts internal control and, in turn, affects how auditors obtain their understanding of internal control and assess control risk. SAS 94 is effective for the audits of financial statements for periods beginning on or after June 1, 2001. This article will describe the major changes resulting from SAS 94 and provide suggestions for implementation.

Keywords: SAS 94, continuous auditing, information technology, internet, risk

JEL Classification: M41, M49

Suggested Citation

Pathak, Jagdish and Lind, Mary R., Integrated Information Systems, SAS 94 & Auditors (January 2003). University of Windsor Working Paper No. 2003-01. Available at SSRN: https://ssrn.com/abstract=373742 or http://dx.doi.org/10.2139/ssrn.373742

Jagdish Pathak (Contact Author)

University of Windsor - Odette School of Business ( email )

401 Sunset
Windsor N9B 3P4, Ontario
Canada
519-253-3000 ext. 3131 (Phone)
519-973-7073 (Fax)

HOME PAGE: http://www.jagdishpathak.com

Mary R. Lind

North Carolina Agricultural and Technical State University - School of Business & Economics ( email )

Merrick Hall
Greensboro, NC 27411
United States
336-334-7189 ext. 40 (Phone)
336-334-7093 (Fax)

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