The Paradigm of Information Technology and CAATTs in the Modern Internal Audit

Spãtariu Elena Cerasela () and Carata? Maria Alina ()
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Spãtariu Elena Cerasela: OvidiusUniversity of Economic Studies, Constan?a
Carata? Maria Alina: Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1496-1500

Abstract: This paper evaluates the role of information technology and CAATTs and the way they could increase companies’ effectiveness in the near future. Our study focuses on the global trend of adopting new technologies at a large scale in internal audit in order to produce high qualitative audit results. The present paper highlights the necessary changes faced by companies during the CAATTs’ adoption process. Organizations arrive to change their conduct of business and to promote efficiency above all. The conclusion of our study states that new technologies and CAATTs do have a significant impact on internal audit and risk management as well as on corporate governance as a whole. Moreover, our findings demonstrate that auditors should be prepared to use effectively those techniques and tools by increasing their skills and core competencies concerning auditing and data analysis and especially their capacity to understand and foresee risks.

Keywords: internal audit; risk management; CAATTs; information technology; computerized audit (search for similar items in EconPapers)
JEL-codes: G34 M42 M49 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1496-1500

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