（2004）Auditor Detected Misstatements and the Effect of Information Technology.pdfVIP

International Journal of Auditing Int. J. Audit. 8: 223–235 (2004) Auditor Detected Misstatements and the Effect of Information Technology William F. Messier, Jr.,1 Aasmund Eilifsen2 and Lizabeth A. Austen3 1Georgia State University 2Norwegian School of Economics and Business Administration 3East Carolina University This paper presents information on the causes and detection of misstatements by auditors and the relationship of those misstatements with information technology (IT). The last major study of misstatements and IT used data that were gathered in 1988. In the intervening period, there have been significant changes in IT, possibly altering the error generation and detection process. Two research questions related to detected misstatements and the effect of IT are examined. The six largest public accounting firms in Norway provided data from 58 engagements. We find that (1) the major causes of misstatements were missing, poorly designed, and improperly applied controls; inadequate methods used to select, train and supervise accounting per