The Impact of Enterprise Systems on Audits of Small Entities
,
18 Pages Posted: 24 Jan 2005
Date Written: 1/17/2005
Abstract
Small business integration of enterprise systems affects risks and internal control. Ideally, the use of enterprise systems should enhance internal control. However, enterprise systems can introduce new risks that may go undetected if the auditor does not adequately test system processes. Small audit firms appear more likely than large to place too much reliance on the untested accuracy of computer generated data. To identify trends we have interviewed three independent auditors of small audit firms that audit small businesses that use enterprise systems. We found that none of the firms have formal policies for auditing such company environments.
Keywords: Auditing, Enterprise Resource Planning, Small Firms
JEL Classification: M49
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
The Economic Impact of Telecommunications Diffusion on UK Productivity Growth
By Lisa Correa
-
Integrated Information Systems, Sas 94 & Auditors
By Jag Pathak Phd, Cpa, Cga, Cff, Cfe, Cisa and Mary R. Lind
-
Natural or Unnatural Monopolies in UK Telecommunications?
By Lisa Correa
-
Financial Considerations and Technology Investment Patterns in a Network Industry
By Sumit K. Majumdar, Sujoy Chakravarty, ...