FACTORS INFLUENCING USAGE LEVEL OF COMPUTER ASSISTED AUDIT TECHNIQUES (CAATs) BY INTERNAL AUDITORS IN MALAYSIA

Abstract

The main objective of this study is to examine the factors that influence the usage level of Computer Assisted Audit Techniques (CAATs) by internal auditors in Malaysia. The study is vital since CAATs hold out the promise of improving audit efficiency and effectiveness. Data were collected via survey questionnaire on 108 internal auditors that are working in companies and audit firms in Malaysia. Statistical tests such as descriptive analysis, reliability and normality tests as well as Spearman Rho were carried out. The results indicated that effort expectancy is the most influencing factor that affects the usage level of CAATs by internal auditors in Malaysia as compared to other factors such as performance expectancy, social influence and facilitating conditions. The findings revealed that CAATs were favoured by internal auditors since they are easily understandable, have all the necessary functions and capabilities in facilitating their tasks. Finally, the results would encourage the companies and audit firm management to implement and support the usage of CAATs by the internal auditors in their organisation in the future.