（2008）Financial Informatics Enterprise and Audit Risk in Developing Economy.pdfVIP

1509 FINANCIAL INFORMATICS ENTERPRISE AND AUDIT RISK IN DEVELOPING ECONOMY * ** Ezendu ARIWA , Kingsley ESEIMOKUMOH INTRODUCTION/ABSTRACT: Introduction Technology (IT) has had a radical impact on business processes in both developed and developing countries. It facilitates the streamlining of the administrative process and enables the decentralisation of the scope and scale of the business. An Accounting Information System (AIS) is the system of records a business keeps maintaining its accounting system. This includes the purchase, sales, and other financial processes of the business. The purpose of AIS is to accumulate data and provide decision makers (investors, creditors, and managers) with information to make decisions. While this was previously a paper-based process, most modern businesses now use computerised accounting software such as Sage, Peachtree, Pegasus, Oracle Financial, Iris etc. These are referred to as Computerised Accounting Information System (CAIS). It should be noted that Computerised Accounting Information Systems (CAIS) and IT- based Accounting Systems mean one and the same thing. Both of these will be used interchangeably in this dissertation. This research aims to assess the impact of the adoption of Computerised Accounting Information Systems (CAIS) or Information Technology (IT) Based Accounting Systems on the level of audit risk in Nigeria. In order to meet the objectives of the research, it was decided that a survey strategy was very much appropriate. It is approp