A measure of Internal Auditors’ perception on Accounting Information Systems, Professional Skepticism and Judgment and Audit efficiency

Abstract

Accounting information systems are designed instruments and tools, which are blended with Information Technology System used for managing the organization’s economic and financial position. Internal audit should be carried out in order to monitor the financial activities and performance of the organization, be it private or public institutions. The auditors are responsible for any financial information, which will be disclosed to the management. In this context, there is a triggering question on what ERP or any similar application is used by the internal auditors in their organizations to extract accounting information? How reliable is the system they are using?  Knowledge sharing within an audit firm can lead to higher audit efficiency?. Hence, there is a need for a measurement tool, which can be used to measure the internal auditors’ perception on the usage of Accounting Information System for Professional Judgement and Skepticism for improving the Audit efficiency.