Impact of auditing information technology modernization on corporate technological innovation investment: The roles of risk perception and internal control

Qiong Liu, Rujun Xu and Wenli Tao

Finance Research Letters, 2024, vol. 67, issue PB

Abstract: This paper uses China's Golden Audit Project as a quasi-natural difference-in-differences experiment to empirically test the impact of the increasingly information technology-dependent national audit process on corporate technological innovation. The empirical results indicate that the process significantly increases the level of corporate technological innovation, which is amplified by improving the level of internal controls. These conclusions have important implications for understanding the economic consequences of improved auditing technology.

Keywords: Audit information technology maturity; Corporate technological innovation; Internal control (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pb:s1544612324008377

DOI: 10.1016/j.frl.2024.105807

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