Perceived effects of paperless audit as a result of implementing computer assisted auditing tools in the effectiveness of selected SEC Accredited External Auditors in the Philippines

• Main Authors: Angeles, Ericka, Carag, Sunshine Bernadette A., Ilicito, Sunshine Bernadette A., Leonardo, Ma. Celina J.
• Format: text
• Language: English
• Published: Animo Repository 2012
• Subjects: Electronic data interchange > Auditing; Electronic commerce > Auditing; Auditing, Internal > Data processing; Accounting
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/10794
• Institution: De La Salle University

This study determined to determine whether the demographic profiles of Selected SEC Accredited External Auditors in the Philippines and the usage of paperless audit as a result of implementing different CAATs affects their perceived effectiveness both the advantages and disadvantages. CAATs are audit software that comprises of computer programs used for audit purposes used to process significant data from the clients. Two independent variables were used in the study, namely: effectiveness of CAATs and demographic profile of auditors. The only dependent variable used was effectiveness of auditor which determines if the purposes for implementing CAATs were met. These variables were used to determine the perceived effects of paperless audit in the effectiveness on audit work. In addition to this, the researchers also identified the various CAATs used by the respondents. The primary data used in this study were obtained through an interview with one resource person from Sycip, Gorres, Velayo & Co. (SGV) and surveys. Descriptive research design was used to identify and describe the perceived effects of implementing CAATs, while comparative research design was used to compare the results of the data gathered. The findings showed that some of the advantages of CAATs are minimizing costs, making audit quality better, making audit tests faster, enhancing special audit effectiveness, and effective handling of multiple transactions. It was inferred in the results that CAATs were beneficial in making processes easier and faster, in being efficient, in clarity, and in adequacy. On the other hand, there were six prevalent hindrances in the implementation of CAATs seen in the results but these are not the perceived problems in the implementation but it doesn't necessarily mean there are no problems during the implementation stage of CAATs. Also, it was seen that there is a significant difference between acceptability of CAATs with its perceived usefulness because it is dependent upon the perception of employees but there is none between the perceived personal efficiency of employees and their demographic profiles. Lastly, it was found out that there were no significant difference between the demographic profile of the auditors and to these following variables: the factors that influences auditors use CAATs, utilization of the auditors of CAATs, the perceived usefulness of CAATs, and the perceived competitiveness of CAATs.