An Assessment Of Internal Control System In A Computerized Accounting Environment

CHAPTER ONE INTRODUCTION 1.1Background of the study According to Fadzil et al (2005), the technology revolution in accounting and auditing began in the summer of 1954 with the first operational business computer. General electric is attributed with the first operational electric accounting system, a UNIVAC computer, in the summer of 1954. Hunton and Wright (2009) concur that Information Technology Auditing (IT Auditing) began as Electronic Data Process (EDP) auditing and developed largely as a result of the rise in technology in accounting systems, the need for IT control, and the impact of c…