Control Activities On The Financial Statement Audit：（控制活动的财务报表审计）.pdfVIP

Review of Business Information Systems – Third Quarter 2008 Volume 12, Number 3 The Influence Of Information Technology Control Activities On The Financial Statement Audit Ronald J. Daigle, Sam Houston State University Tim Kizirian, California State University, Chico L. Dwight Sneathen Jr., Georgia Southern University ABSTRACT This study examines the influence of assessed information technology (IT) control reliability on financial statement audit effort and fees. Since SAS 94 requires auditors to consider an audit ee’s use of IT controls during audit planning, this study seems highly relevant. Using archived audit workpaper documentation, our results show that IT control strength assessments are inversely associated with control risk assessments, audit hours, and fees. Results also show that both the control risk and IT control strength assessments have similar influence on hours and fees. INTRODUCTION his study examines the influence of assessed information technology (IT) control reliability on both T financial statement audit effort and fees. While professional guidance promotes the adjustment of evidence accumulation based on the auditor’s level of reliance on internal control, prior archival studies document mixed results regarding the alleged association between assessed internal control reliability and financial statement audit effort and fees (e.g., Bedard and Johnstone 2004; Felix et al. 2001). In addition, prior literature h