ABSTRACT
Being an assurance service provided to give a reasonable level of confidence to shareholders and, by extension, to all stakeholders (users) on the financial statements prepared and presented by directors, the audit profession has been under increased scrutiny across the world. This has been particularly so with the experience of the recent collapse of large corporations and the current global economic recession. In the light of this, continuous improvement in audit practices is pertinent to the profession. Against the backdrop of the developments in IT across all areas of business, this book has explored how IT tools and techniques are currently being adopted by auditors in carrying out their roles in business control, accountability and assurance. It demonstrates the invaluable contributions IT makes to audit effectiveness in terms of ensuring the accuracy, timeliness and integrity of audit reports thereby providing useful assurance for a wide range of users of financial accounting information.
