Home  Journals  International Accounting  30(276) - 2013 August

Automation IFRS accounting: how to choose the information system and conduct audit of effectiveness of its implementation

Available online: 23 August 2013

Subject Heading: AUTOMATION OF ACCOUNTING

JEL Classification: 

The selection of IFRS reporting computerization system is usually based on analysis of practice of its use in other companies with a same organization structure, image of consulting company which performs implementation. At the same time the control environment inside the company is not taking in account appropriately. As a result companies deal with ineffective expenses incurred in a process of implementation. The article describes the recommendations for control environment testing and selection of perfect IFRS automation software, and the audit procedures which can be used to evaluate software implementation effectiveness.

Keywords: software implementation audit, automation of bookkeeping, IFRS, control environment, evaluation of automation effectiveness

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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