INFORMATIONAL SUPPORT IN THE FINANCIAL STATEMENT AUDIT

Radmila Trklja; Boban Dašić; Aleksandar Radović

doi:10.5937/ekonsig2301035T

Authors

Radmila Trklja Kosovo and Metohija Academy of Applied Studies, Department Peć, Leposavić Author
Boban Dašić Kosovo and Metohija Academy of Applied Studies, Department Peć, Leposavić Author
Aleksandar Radović Kosovo and Metohija Academy of Applied Studies, Department Peć, Leposavić Author

DOI:

https://doi.org/10.5937/ekonsig2301035T

Keywords:

financial statements audit, information technologies, informational support, accounting information system, auditing process

Abstract

In modern times, financial statements audit without application of information technologies is inconceivable. Many factors add to necessity of incorporating informational support into the auditing process, such as: a large number of client’s transactions and a large volume of client’s data to be audited; application of information technology in client’s accounting data processing; availability of client’s data in electronic form; emergence of an increasing number of auditing activities that need to be implemented within strict deadlines; dislocation of audit team members etc. This paper aims at observing the major specifics of integration of informational support into financial statements audit. The main method used in this paper for investigation of the impact of information technologies on auditing process is the existing literature analysis from several aspects: the role of audit in professional decision-making, methodology of financial statements audit and information technology types applied in audit.Our work shows that the emergence of information technologies helps auditors in the audit process.

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