The current impact of information technology on internal auditing in Singapore.

Abstract

For a growing number of organisations, smart use of information technology has become the difference between mediocrity and leadership. This study examines the current impact of IT on internal auditing in Singapore. Questionnaire surveys were sent ot internal auditors in Singapore to seek their views on whether information technology has affected the following five areas of internal auditing: job scope, efficiency, effectiveness, behaviour (ie. reactions towards IT), and level of security risk. The results reveal that IT has a significant impact on job scope, efficiency, effectivess, and behaviour. Hence internal auditos in Singapore should keep up with latest technological developments and try and maximise the use of information technology to support the internal audit function.