（2007）The Impact of Enterprise Systems on Business and Audit Practice and the Implications for University Accounting Education.pdfVIP

IGI PUBLISHING ITJ3870 701 E. Chocolate Avenue, Suite 200, Hershey PA 17033-1240, USA International Journal of Enterprise Information Systems, 3(4), 1-21, October-December 2007 1 Tel: 717/533-8845; Fax 717/533-8661; URL- This paper appears in the publication, International Journal of Enterprise Information Systems ,Volume 3, Issue 4 edited by Angappa Gunasekaran © 2007, IGI Global the Impact of enterprise Systems on Business and audit Practice and the Implications for University accounting education Vicky Arnold, University of Central Florida, USA and University of Melbourne, Australia Steve G. Sutton, University of Central Florida, USA and University of Melbourne, Australia aBStract The recent Institute of Management Accountants’ (IMA) sponsored monograph on the state of accounting education and the need for radical change (Albrecht Sack, 2000) provides a solid foundation for under- standing the failures of contemporary accounting education. In this article, the concepts outlined in the Albrecht and Sack monograph are expanded in order to provide a more detailed look at how contemporary enterprise systems integration is impacting the manner in which organizations perform their business and the necessary audit processes to evaluate such businesses. Analysis of these contemporary systems highlight thespecificfailures ofcontemporaryaccountingeducationinproviding theknowledgeandskillsrequired to succeed in this new business environment. We use this analysis as the springboard for the develo