ISSN: 2225-8329
Open access
Accounting information system (AIS) is critical for managing financial data as well as assets of a bank. However, just as any IT system, AIS faces risks of an information breach, data manipulation, fraudulent entries, system hacks or a takeover aside from common issues like server downtime for cloud-based systems. This study aims at determining the internal auditing procedures effectiveness in using accounting information system to assess fraud in Jordanian commercial banks and the role of management in achieving it. This study utilizes descriptive approach. A questionnaire was used and prepared according to previous literatures such as (arwa 2017, Internal Audit Procedure, and Statement of Guidance-Internal Audit-Banks) was used and distributed to 300 internal auditors in 16 commercial banks in Jordan. Out of the 220 retrieved questionnaires only 155 analyzed by using SPSS . The results show that the commercial banks' internal auditing procedures is efficient in reducing electronic fraud or assess it before happened.
Alduwaila, N., Almarri, M. H., & Aldaihani, H. S. (2018). The effect of using its tools on the efficiency of internal control as perceived by the internal auditor. International Journal of Asian Social Science, 8(3), 100-115..
Al-Matari, E., Al-Swidi, A., & Fadzil, F. (2014). The Effect of the Internal Auditing and Firm Performance: A Proposed Research Framework. Othman Yeop Abdullah Graduate School of Business, 4(1), 34-40.
Amoush, A. H.(2017), The Internal Auditing Procedures Effectiveness In The Jordanian Commercial Bans. International Business Research,10 (3), 2017.
Baker, C. R., Cohanier, B., & Leo, N. J. (2017). Breakdowns in internal controls in bank trading information systems: The case of the fraud at Société Générale. International Journal of Accounting Information Systems, 26, 20-31.
Basias, N., Themistocleous, M., & Morabito, V. (2013). SOA adoption in e-banking. Journal of Enterprise Information Management, 26(6), 719-739.
Bekhet, H. A., & Eletter, S. F. K. (2012). Credit risk management for the Jordanian commercial banks: A business intelligence approach. Australian Journal of Basic and Applied Sciences, 6(9), 188-195.
Eletter, S. F., & Yaseen, S. G. (2017). Loan decision models for the Jordanian commercial banks. Global Business and Economics Review, 19(3), 323-338.
Gaynor, L. M., Kelton, A. S., Mercer, M., & Yohn, T. L. (2016). Understanding the relation between financial reporting quality and audit quality. Auditing: A Journal of Practice & Theory, 35(4), 1-22.
Gibson, D. (2014). Managing risk in information systems. Boston, MA: Jones & Bartlett Publishers.
Hamdan, M. N., & Hosban, A. (2015). The role of the auditor in planning and reduce the risk of IT environment in commercial Jordanian banks. International Journal of Economics and Finance, 7(11), 222.
Hossin, A. M., & Ayedh, A. M. (2016). The risks of electronic accounting information system in the Central Bank of Libya. South East Asia Journal of Contemporary Business, Economics and Law, 10(1), 74-79
Kim, R., Gangolly, J., & Elsas, P. (2017). A framework for analytics and simulation of accounting information systems: A Petri net modeling primer. International Journal of Accounting Information Systems, 27, 30-54.
Kristo, E. (2013). Survey on Bank Internal Auditing Function. European Scientific Journal, 9(13), 1857-7881.
Mohammed, A.S., Al-Hosban, A., & Thnaibat, H. (2018). The impact of the risks of the input of accounting information systems on managerial control, accounting control and internal control in commercial banks in Jordan. International Journal of Business and Management, 13(2), 96-107.
Njem, B. (2013). integrated role of the internal auditing in the effectiveness of institutional control (an exploration study).
Peltier, T. R. (2016). Information security policies, procedures, and standards: Guidelines for effective information security management. New York, NY: Auerbach Publications.
Sekaran, U., & Bougie, R. (2014). Research methods for business: A skill building approach. New York, NY: John Wiley & Sons.
Thneibat, A. (2006). Auditing in light of international auditing standards, systems and local laws: theory & application.
Ware, E. O. (2015). Computerized accounting system an effective means of keeping accounting records in Ghanaian banks: A case study of the Ga Rural Bank. International Journal, 2(11), 111-141.
Wedyan, L. A. M. A. R., Gharaibeh, A. T. S., Abu-dawleh, A. I. M., & Hamatta, H. S. A. (2012). The affect of applying accounting information system on the profitability of commercial banks in Jordan. Journal of Management Research, 4(2), 112-138.
Yang, S. O., Hsu, C., Sarker, S., & Lee, A. S. (2017). Enabling effective operational risk management in a financial institution: An action research study. Journal of Management Information Systems, 34(3), 727-753.
To cite this article: Bani Ahmad, A. A. (2018). The Internal Auditing Procedures Effectiveness in Using Accounting Information System to Assess Fraud in Jordanian Commercial Banks, International Journal of Academic Research in Accounting, Finance and Management Sciences 8 (3): 291-299.
Copyright: © 2018 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode