Statements Reliability

International Management R ntrol Systems with the Use of
Information Technology and its Effects on the Financial
Statements Reliability: An Applied Study on Commercial Banks
Ali Abdul Ghani Al-Laith
Technical College of Management, Baghdad, Iraq
[Abstract] The study aimed at identifying the importance of the internal control and its adaptation with the

development of the use of information technology and its effect on the reliability of financial statements of commercial banks. The population of the study consisted of all commercial banks. Questionnaires were distributed among them; the researcher designed the questionnaire to target financial managers, internal auditors, and computer section employees who worked at these banks; 122 questionnaires were distributed. The hypotheses of the study were tested using the appropriate statistical methods, which are
Cronbach Alpha, standards deviations and means, and One Sample T-(Test).The results showed a high level of adaptation of internal control systems with the development of the use of information technology and its effect on the reliability of financial statements of the commercial banks. The average level of the hypothesis states that “the adaptation of the internal control systems with the development of the use of information technology in the commercial banks do lead to have high reliability financial statements.”
The results showed the average level of the hypothesis, which states “there are no difficulties for the adaptation of the internal control systems with the use of information technology in the commercial banks.” The study has several recommendations, including the need to control and supervise the banks ' compliance with banking sector legislation or regulations to improve the reliability of financial statements issued by those banks.
[Keywords] internal control system; commercial bank; financial statement; IT; audit; reliability

Preamble
Information Technology (IT) has

References: Jarbou, Yousuf (2003). Theoretical framework basics in auditing, 2nd edition. Ghaza, University Student Library. Dahdoh, Hussein & Qadi, Hussein (2009). Advanced audit of theoretical frame and practical procedures. Shahin, Ibrahim Othman (2003). Audit, contemporary studies and scientific cases, 6th edition. Cairo, Nabeel Printing Est. Al-Saedy, Ibrahim (1986). General framework of standards of the information integrated electronic systems audit Abdullah, Amin (2000). Science of auditing – Theoretical and scientific aspects. Amman, Dar Wael, printing and publishing. Othman, Abdul Razaq Mohammed (1999). Principles of audit and internal control, 2nd edition. University of Mousel, Dar Al-Kotob Printing. Ali, Abdul Wahab Naser & Shehata, Shihata Al-Sayed (2006). Modern internal audit and control in information technology environment and globalization of the financial markets Al-Qudat, Ghassan Mustafa (2009). Impact of accounting information systems on internal control efficiency in the Jordanian commercial banks Allaila, Tagreed Salem Mahmoud (2002). Impact of electronic computer use in the Internal Control system on the government units as applied to University of Mousel (Unpublished Master theses), Arab Society of Certified Accountants (2001). Advanced audit concepts. Amman, Al-Shams. Halandy, Alan Ajeeb & Ghabban, Thaer Sabry (2009). Role of internal control under the electronic accounting Information system- applied study on a sample of the Kurdistan Banks- Iraq, Human Daigle, R., Kizirian, T., & Sneathen, D. (2008). The influence of information technology control activities on the financial statement audit Label, W. (1998). A ten-minute guide to accounting for non-accountants. New York: Alpha books. Messier, W. (2000). F. J. R: Auditing and assurance service 2nd edition. Boston.