Akilah Abdullah

Computer Assisted Audit Tools and Techniques (CAATTs) are not new for auditors, and it needs to be adopted to gain the audit efficiency and effectiveness especially in a current era of technology. This paper examined the implementation of CAATTs by internal auditors in the public sector. Accordingly, this research reports the results from 12 interviews made with internal audit departments in public sector in both federal and state level in Malaysia. This research found that the implementation of CAATTs by internal auditors in public sector is still low due to lack of expertise, high implementation and maintenance cost, limited access of auditee’s data, and most of them prefer to conduct the audit manually. Furthermore, it is not mandatory for them to use CAATTs. The evidence is a contrast with the encouragement made by the government to improve the IT usage in public sector. The results implied that training for future auditors in CAATTs to ensure the successful implementation is ...

The purpose of this study is to determine the degree of importance of each topic included in the Accounting Information Systems (A IS) course from the practitioners' point of views. This study was motivated by the increasing progress in information technology which proposed to re-examine the AIS course in order to meet the expectations and requirements of the profession. Three hundred and forty (340) questionnaires were sent to three different groups of companies namely public accounting firms, industry and commerce, and banking and finance. The response rate received is 22.35%. Respondents' opinions on the importance of AIS topics were measured using a five-point Liken scale. Results from the mean analysis showed that practitioners in Malaysia perceived all AIS topics listed as important. However, results from ANOVA analysis indicated that .five ( 5) topics were perceived significantly different among the three groups of practitioners. The five topics are general concept of...

As organizations operate in a highly competitive environment, thus the need for an effective Information System (IS) is inevitable, because IS has the potentials to transform business positively as well as enhancing organizational performance. Many academic researchers have called on the investigation for the role of AIS on the effectiveness of organizations more especially the banking sector. In view of these, this paper attempts to study the influence of system usage and AIS sophistication on AIS effectiveness. Review of existing literature indicated banks in Nigeria are faced with persistent system failure. However, limited attention has been given regarding the issues. Conceptual evidence from the literature reviewed indicated that both system usage and AIS sophistication have a significant relationship with AIS effectiveness. Therefore, this paper develops a conceptual framework for determining AIS effectiveness in Nigerian banking sector with the aim of understanding and provi...

This paper aims to examine internal control mechanism and its moderating impact on organization culture and organizational performance among listed Jordanian companies. The paper used the survey method to collect data from 190 managers of listed companies in Jordan. The results showed that internal control system moderates the relationship between organizational culture and organizational performance. Importantly, result of the study indicates that both internal control system (control environment, control activities, risk assessment, information and communications system and monitoring) and organizational culture (bureaucratic, innovative and supportive) have a joint effect in reducing losses and frequent shut-down of the companies. Furthermore, the results of this study provide beneficial information to investors in Jordan in order to evaluate the impact organizational culture and internal control system have on organizational performance. It also contributes to the literature and...

Due to advancement in technology and the globalization of large scale organizations, banks are being faced with the issues of how well to design, coordinate and manage their Accounting Information System (AIS) to ensure effective planning and decision making. Banks in Nigeria are plagued with reported cases of persistent systems failures, system error, and inaccuracy of output, which is indeed as a result of the ineffectiveness of the system.However, limited attention has been given to the issues. This paper therefore conceptualizes the influence of system quality and information quality on AIS effectiveness.It is an attempt to develop a conceptual framework for determining AIS effectiveness in Nigerian banking sector.The aim is to provide adequate information to managers within the banks on how to reap the expected benefits of AIS as well as to facilitate prompt decision making.

Research on the strategic Information Systems (IS) planning is typically concentrated on large firms. However, the outcomes of this research may not be sufficient to adequately apply to Small and Medium Enterprises (SMEs). Responding to the limited body of work in SMEs with respect to strategic IS planning, this research aims to fill the gap in the body of literature. Having limited resources available, financially and technically, strategic IS planning is getting more crucial for SMEs. Prior work suggests that a high level of internal competencies such as IT leadership by the owner or the top management of the firm are important for progressive IT development to take place in SMEs. Having said that IS is getting paramount for firm’s survival to optimize IS effectively, it is incumbent to investigate the factors influencing strategic IS planning amongst the SMEs. This study contributes to research and practice by providing indepth insights into the IS planning processes in SMEs with...

Aim/Purpose: The purpose of this study is to investigate the interrelationship among the quality measures of information system success, including system quality, information, quality, and service quality, that eventually influence accounting information systems effectiveness. Background: It is generally believed that investment in an information system offers opportunities to organizations for business process efficiency and effectiveness. Despite huge investments in accounting information systems, banks in Nigeria have not realized the full potential benefits of using these systems because of persistent failures. Few studies have been conducted to address the problem. Methodology: A survey research design was used to collect data, and a total of 287 questionnaires were retrieved from respondents in the Nigerian banking sector. Contribution: This study contributes to the understanding of the most important antecedent factors of the quality measures, the interrelationship among the ...

The overwhelmingly rapid adoption of e-business technology in theNigerian banking sector has resulted in new challenges particularly in thearea of internal control. Although there are conflicting findings on the useof Accounting Information System and internal problems in the bankingsector, the fact remains that internal control is associated with fraud. Inthis regards, for banks to effectively detect and prevent fraud, the use ofAccounting Information System as tool for effective internal control isnecessary. This study aims to propose a model of the effect of internal controlquality in Nigerian banking sector. it is hypothesised that administrativecontrol, data control, and output control has significant influence on internalcontrol quality. The study further hypothesised that internal control qualitywould significantly influence AIS effectiveness uses organisation as unitof analysis with commercial banks that are listed on the Nigerian StockExchange as the target population. A qu...

Purpose: The purpose of this paper is to investigate the impact of environmental turbulence on firm performance of listed companies in Jordan.  A conceptual model is proposed in this paper where firm performance is expected to be influenced by a two-dimensional environmental turbulence factor (technological turbulence and market turbulence) with a moderating factor of internal control system. Proposed Method: A questionnaire survey would be administered to 253 listed companies in Amman stock Exchange and analysis could be done with Partial Least Square (PLS) for testing the hypotheses of the study that firm performance is being influenced by environmental turbulence with a moderating effect of internal control system. Expected Results: It expected that when this proposed conceptual model is used with empirical data, the result of the research will provide a good understanding of the influence of the two environmental turbulence factors (technology and market) on firm performance of ...

This study observes the impact of CEO succession on stock price of Malaysian Public Limited Companies (PLCs). Standard event study methodology is used to examine the immediate price effects of all Bursa Malaysia listed firms that announced CEO turnover during 2008 to 2010. The finding shows that the market is indifferent on the date of announcement. However, there is a significant positive abnormal returns of 1.5% in 10 days before the announcement date using both the market return and market adjusted return models.Profitability as measured by return on asset, and growth as measured by market to book value, appear to affect significantly firms’ price returns.

Brainy Book Store (BBS) had been operating successfully for over twenty nine years and had become a major text books provider in Alor Setar.The company had been selling books to nearby universities and college market. Its book lines included general books, academic books and library books. The company has only one retail outlet located in Malaysia Entrepreneur University campus, and employs twenty eight permanent staffs, five contract workers and ten student workers.For more than twenty years the company had enjoyed record profits.But during the last three financial years, the company has recorded net loss.Although market reaction to BBB had been positive from years to years, the overall profitability and efficiency of the company had fallen sharply since 2009,with the recording of an annual trading loss in the year 2012.As the General Manager, Danial feels that he should take immediate action in order to save the company from further losses.Based on his preliminary study, he discovers that there is something wrong with the company purchasing cycle.For the year ended 31 December 2012, it was found that approximately 95% of the books on consignment were not returned and the company had to bear huge ‘badstocks’ problems.Therefore, the management appointed a consultant to review its current purchasing and cash disbursement system as well as to propose a fully computerized purchasing system with the possibility of a web-based purchasing protocol linked to selected suppliers and cash disbursement system.From the investigation, the consultant reveals some flaws in the BBS expenditure cycle. Internal control weaknesses such as no segregation of duties, poor regulation enforcement and incomplete records need to be restored immediately so that the BBS could improve their financial performance in forging for a good profit again.

This study examines the market performance to the announcement of actual CEO change for all non-financial, non-IPC firms listed on the main market of Bursa Malaysia for the year 2008 and 2009. Using market model, sample firms experience significant positive abnormal returns of 4.8% during day -3 to day 0 of the announcement period. The result implies that CEO change announcement may information content which leads to positive price performance. Keywords CEO change, announcement effects, market model

Brainy Book Store (BBS) had been operating successfully for over twenty nine years and had become a major text books provider in Alor Setar. The company had been selling books to nearby universities and colleges market. Its book lines included general books, academic books and library books. The company has only one retail outlet located in Malaysia Entrepreneur University campus, and employs twenty eight permanent staffs, five contract workers and ten student workers. For more than twenty years the company had enjoyed record profits. But during the last three financial years, the company has recorded net loss. Although market reaction to BBB had been positive from years to years, the overall profitability and efficiency of the company fell sharply since 2009, with the recording of an annual trading loss in the year 2012. As the General Manager, Danial feels that he should take immediate action in order to save the company from further losses. Based on his preliminary study, he disc...