{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,6,11]],"date-time":"2026-06-11T08:11:14Z","timestamp":1781165474691,"version":"3.54.1"},"reference-count":54,"publisher":"American Accounting Association","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2014,12,1]]},"abstract":"<jats:title>ABSTRACT<\/jats:title>\n               <jats:p>We examine the role of firm IT capability in contributing to internal control and external audit in the post-SOX environment. Specifically, we measure the effectiveness of both the overall internal control and the five components of internal control as defined by the Committee of Sponsoring Organizations of the Treadway Commission's Internal Control\u2014Integrated Framework (COSO 1992). Our findings support the concern that accounting professionals have regarding the impact of the use of IT on business risks and controls relevant to the audit. Specifically, IT capability directly mitigates audit fee increases, but not audit delay increases, indicating high IT capability signals lower business risks associated with the use of IT and reduces the auditor's risk premium. Further, IT capability has pervasive impacts on both the effectiveness of internal control and the components of effective internal control, which in turn further restrain audit fee and audit delay increases. Overall, our results suggest that a firm's IT capability has the additional benefits of supporting the functioning of internal control and the efficiency of the audit process.<\/jats:p>","DOI":"10.2308\/isys-50778","type":"journal-article","created":{"date-parts":[[2014,4,14]],"date-time":"2014-04-14T20:08:48Z","timestamp":1397506128000},"page":"149-180","source":"Crossref","is-referenced-by-count":68,"title":["Information Technology Capability, Internal Control Effectiveness, and Audit Fees and Delays"],"prefix":"10.2308","volume":"28","author":[{"given":"Yunhao","family":"Chen","sequence":"first","affiliation":[{"name":"University of Miami"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Antoinette L.","family":"Smith","sequence":"additional","affiliation":[{"name":"Florida International University"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Jian","family":"Cao","sequence":"additional","affiliation":[{"name":"Florida Atlantic University"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Weidong","family":"Xia","sequence":"additional","affiliation":[{"name":"Florida International University"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"1112","published-online":{"date-parts":[[2014,4,1]]},"reference":[{"issue":"4","key":"2024082915390286900_i1558-7959-28-2-149-Abbott1","doi-asserted-by":"crossref","first-page":"3","DOI":"10.2308\/ajpt-10296","article-title":"Internal audit assistance and external audit timeliness","volume":"34","author":"Abbott","year":"2012","journal-title":"Auditing: A Journal of Practice & Theory"},{"issue":"1","key":"2024082915390286900_i1558-7959-28-2-149-Alles1","doi-asserted-by":"crossref","first-page":"125","DOI":"10.2308\/aud.2002.21.1.125","article-title":"Feasibility and economics of continuous assurance","volume":"21","author":"Alles","year":"2002","journal-title":"Auditing: A Journal of Practice & Theory"},{"key":"2024082915390286900_i1558-7959-28-2-149-AmericanInstituteofCertifiedPublicAccountantsAICPA1","unstructured":"American Institute of Certified Public Accountants (AICPA). 1995. Consideration of Internal Control in a Financial Statement Audit: An Amendment to Statement on Auditing Standards No. 55. Statement on Auditing Standards No. 78. New York, NY: AICPA."},{"key":"2024082915390286900_i1558-7959-28-2-149-AmericanInstituteofCertifiedPublicAccountantsAICPA2","unstructured":"American Institute of Certified Public Accountants (AICPA). 2001. The Effect of Technology on the Auditor's Consideration of Internal Control in a Financial Statement Audit. Statement on Auditing Standards No. 94. New York, NY: AICPA."},{"key":"2024082915390286900_i1558-7959-28-2-149-AmericanInstituteofCertifiedPublicAccountantsAICPA3","unstructured":"American Institute of Certified Public Accountants (AICPA). 2006. Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement. Statement on Auditing Standards No. 109. 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