Factors affecting the intention to fully adopt the computer assisted audit tools and techniques (CAATTs) among external auditors in Jordan
Computer-Assisted Audit Tools and Techniques (CAATTs) are the tools and techniques that enable auditors to automate tasks including client risk assessment, analysis of data, and detection of fraud in order to increase audit quality. Nevertheless, it has been evident that Jordanian companies are s...
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| Format: | Thesis |
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| Language: | English |
| Subjects: | |
| Online Access: | http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/77904/1/Page%201-24.pdf http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/77904/2/Full%20text.pdf http://dspace.unimap.edu.my:80/xmlui/bitstream/123456789/77904/4/Ayman%20Mohammad.pdf |
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| Summary: | Computer-Assisted Audit Tools and Techniques (CAATTs) are the tools and techniques
that enable auditors to automate tasks including client risk assessment, analysis of data,
and detection of fraud in order to increase audit quality. Nevertheless, it has been evident
that Jordanian companies are still involved in frauds such as tax evasion, fraud and
manipulation of financial statements especially in obtaining financing from banks.
Despite the advantages of adopting CAATTs in auditing practices, there is little evidence
about their adoption among external auditors in the Jordanian context. Hence, this study
aimed to fill this gap. The primary aims of this study were to explore the current usage of
CAATTs and further examine factors affecting the intention to fully adopt CAATTs
among Jordanian external auditors working in various national, international, and the
world’s Big 4 audit firms. The present study employed the Unified Theory of Acceptance
and Use of Technology (UTAUT) to identify factors affecting the intention to fully adopt
CAATTs. These factors included performance expectancy, effort expectancy, social
influence, facilitating conditions, and trust as an external factor. Online survey was
conducted in which a questionnaire was sent to 181 Jordanian external auditors that
yielded 54.14% response rate. Results have shown that performance expectancy, effort
expectancy and social influence were all positively related to the intention to fully adopt
CAATTs. Moreover, trust was positively related to performance expectancy and effort
expectancy. However, facilitating conditions and trust were not positively related to the
intention to fully adopt CAATTs. The findings have also indicated that a limited number
of only 8 respondents among the Jordanian external auditors surveyed had fully adopted
CAATTs. In this regard, most of the Jordanian audit firms were facing many obstacles
such as the lack of knowledge and training related to the usage of CAATTs. Thus, it is
recommended that the Jordanian professional accounting body should help the auditors
in Jordan to adopt CAATTs by developing training programs and organising conferences
to disseminate knowledge among all auditors about importance of adopting CAATTs.
Nonetheless, it should be noted that the survey was conducted between December and
January which may have not been an appropriate time to collect data from the auditors
because they would be busy preparing audit reports during this period. For future
research, it is suggested that the use of Generalized Audit Software (GAS) among internal
auditors or information technology auditors is examined by using the Technology-
Organization-Environment (TOE) framework. |
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