（2001）Business and Audit Risk Associated with ERP Systems：Knowledge Differences Between Information Systems Audit Specialists and Financial Auditors.pdfVIP

BUSINESS AND AUDIT RISKS ASSOCIATED WITH ERP SYSTEMS: KNOWLEDGE DIFFERENCES BETWEEN INFORMATION SYSTEMS AUDIT SPECIALISTS AND FINANCIAL AUDITORS BY JAMES HUNTON UNIVERSITY OF SOUTH FLORIDA ARNIE WRIGHT BOSTON COLLEGE SALLY WRIGHT UNIVERSITY OF MASSACHUSETTS - BOSTON May 2001 We wish to thank participants attending the Eighth AIS Research Symposium, the 2001 European Conference On Accounting Information Systems (ECAIS), and workshops at the University of Connecticut, the University of Georgia, the University of Washington, and the University of Wisconsin as well as Michael Bamber, Stan Biggs, Pat Dorr, Kathy Hurtt, Karla Johnstone, Kathryn Kaduous, Jane Kennedy, Jay Rich, Andy Rosman and Dan Stone for their valuable comments. BUSINESS AND AUDIT RISKS ASSOCIATED WITH ERP SYSTEMS: KNOWLEDGE DIFFERENCES BETWEEN INFORMATION SYSTEMS AUDIT SPECIALISTS AND FINANCIAL AUDITORS Abstract The purpose of this study is to examine the extent to which financial auditors recognize differences in the nature and extent of unique business and audit risks associated with enterprise resource planning (ERP) systems, as compared to traditional computerized (non-ERP) systems. We also investigate financial auditors level of confidence in assessing such risks and their propensity to seek consultation with information systems (IS) audit specialists in their firm. The research hypotheses are framed in accordance with the knowledge acquisition model articulated by Libby (1995) and Libby and Luft (1993). A total of 83 financial auditors and 82 IS audit specialists participa