How much IT involved in Auditing to (reduce Duration, Cost and Dissertation

How much IT involved in Auditing to (reduce Duration, Cost and increase Efficiency and Effectiveness), compare and contrast stud - Dissertation Example To analyse the actual scenario, this research work has adopted qualitative survey method for collecting data about the research scenario. Data have been collected from twelve different organisations that have implemented IT based auditing tools. The data collected were interpreted properly and subjected to Strength, Weaknesses, Opportunities and Threats (SWOT) analysis to obtain the results of the research. It has been found that IT based auditing tools reduce the time of analysis and data retrieval. They provide good availability of data. They are more accurate, efficient and effective in conducting audit procedures. The cost involved in implementing and maintain them is considerably more. Comparing United Kingdom and Kurdistan, United Kingdom is more extensively using IT based audit tools than Kurdistan. Table of contents Chapter 1 - Research Introduction 1.1. Introduction 1.2. Research Scenario 1.3. Statement of the research Problem 1.4. Aim of the Research 1.5. Main Research Ques tion and Hypotheses 1.6. Scope and Significance of this Research 1.7. Methodology of Research 1.8. Qualitative survey method 1.9. Data collecting instrument 1.10. ... Chapter Summary Chapter 3 –Research Methodology 3.1. Research Methods 3.2. Qualitative survey method 3.3. Qualitative Sampling 3.4. Qualitative Data Collection 3.5. The Qualitative Questionnaire 3.6. Validity and Limitations of the data 3.7. Chapter Summary Chapter 4 - Research Data Analysis 4.1. Qualitative Data representation 4.2. General Qualitative Data Analysis 4.3. SWOT analysis 4.4. SWOT analysis of qualitative data 4.5. SWOT analysis of Research data 4.6. Chapter summary Chapter 5 – Discussion of Results 5.1. Discussion of Results 5.2. Hypotheses testing with SWOT factors 5.3. Recommendations Chapter 6 – Research Conclusion References List of tables Table4.1. SWOT factors in table form List of figures Figure. 2.1. IT in different stages of auditing Fig.4.1. The SWOT matrix representation of the factors. Chapter 1 - Research Introduction 1.1. Introduction: This chapter provides an introduction about this research work with the research problem statement, a im of the research, main research question and the methodology of research to be adopted. 1.2. Research Scenario: The methods of auditing have changed significantly in the recent past due to the advancements in IT. Notable standards for the effectiveness in auditing have evolved. The quality of auditing is critical for financial reporting and auditing (FRC, 2008). Auditing involves the presentation and discussion of financial statements of an organisation. The discussion may be among the audit team and the top level management. Auditing is considered to be critical activity in view of the overall capital assets and market confidence. Present auditing practices are quite adequate but their data authenticity is less. This may be detrimental to an organisation as they suffer from