Auditors' Usage of Computer Assisted Audit Tools and Techniques: Empirical Evidence from Nigeria

Abstract

This study examines use of computer assisted audit tool and techniques in audit practice in the Niger Delta of Nigeria. To achieve this objective, data was collected from primary and secondary sources. The secondary sources were from scholarly books and journals while the primary source involved a well structured questionnaire of three sections of thirty seven items with an average reliability of 0.838. The data collected from the questionnaire were analyzed using relevant descriptive statistics, diagnostics tests, Augmented Dickey-fuller and multiple regressions. The result revealed that performance expectancy, effort expectancy, facilitating conditions and social influence were positively associated at (0.05) to the usage of computer assisted audit tools and techniques by accounting firms. Hence, the study concludes that the adoption of computer assisted audit tools and techniques has become a beneficial choice for auditors in the 21st century complex business environment and an efficient tool to increase the productivity as well as the audit functions. Therefore, professional accountants need to expand their knowledge of information technology and computer accounting audit methodology; the syllabus of accounting programmes for professional and tertiary institutions should be reviewed to include courses in computer accounting information system audit; relevant professional accountancy bodies in Nigeria should also include courses in computer information system audit as part of their training programmes and professional accountants should be made to appreciate the relevance of computer in the 21st century business environment in the provision of relevant accounting services for the sole aim of satisfying their clients and also audit firms need to increase their organizational and technical support to encourage the use of CAATTs.

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