The Influence of Information Technology Control Activities on the Financial Statement Audit
Review of Business Information Systems
This study examines the influence of assessed information technology (IT) control reliability on financial statement audit effort and fees. Since SAS 94 requires auditors to consider an auditees use of IT controls during audit planning, this study seems highly relevant. Using archived audit workpaper documentation, our results show that IT control strength assessments are inversely associated with control risk assessments, audit hours, and fees. Results also show that both the control risk and IT control strength assessments have similar influence on hours and fees.
Daigle, Ronald J., Tim Kizirian, L. Dwight Sneathen Jr..
"The Influence of Information Technology Control Activities on the Financial Statement Audit."
Review of Business Information Systems, 12 (3): 71-88.