Information Technology and Internal Controls over Financial Reporting: the audit cycle

Author/s Stefano Azzali, Tatiana Mazza
Publishing Year 2012 Issue 2011/3 Language Italian
Pages 28 P. 91-118 File size 1049 KB
DOI 10.3280/MACO2011-003005
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The Information Technology Controls (ITC) have a great influence on the reliability of financial reporting. They are part of Internal Controls over Financial Reporting (ICFR) but the area of Information Technology is often not well integrated and coordinated with the traditional Internal Controls, in absence of a compulsory Framework. A survey was conducted on a sample of companies listed on the Italian Stock Exchange. The results of this research offer an improvement of the Internal Control over Financial Reporting framework that consider the Information Technology peculiarities and specifies some conditions for their utility in relation to the main phases the audit cycle (scoping, planning, risk assessment, documentation, evaluation, reporting).

Keywords: Information Technology Controls, Financial reporting, Internal Control System.

Stefano Azzali, Tatiana Mazza, La valutazione degli Information Technology Controls nell’ambito dei sistemi di controllo interno: i risultati di una ricerca empirica in "MANAGEMENT CONTROL" 3/2011, pp 91-118, DOI: 10.3280/MACO2011-003005