The Role of Electronic Systems in The Auditing Process of Industrial Companies Listed on The Iraq Stock Exchange

As it happens with any other sciences, accounting and auditing science is influenced by the evolution of all economic and scientific spheres.  This is because of the advent of an information revolution and Information Technology.  The majority of the manual systems used in the companies have been converted to electronic systems which are referred to as electronic accounting (E-Accounting).  Such change demands that accountants and auditors should evolve their traditional work and keep up with the current electronic business world. The accounting information systems environment has evolved to electronic as compared to the traditional environment.  As the complexity of the electronic accounting information system is on the rise, there is an urgent need that the auditor employs approaches that are peculiar to auditing such systems.  These techniques make the audit process more efficient and effective. The progress that has been made in the field of business intelligence and computer usage has resulted in the growing interest towards the implementation of modern technologies in the audit process.  These technologies are useful in overcoming the weaknesses of humans in professional judgment.  This is manifested in better efficiency and effectiveness of audit process.  The concept of the risk is also reflected in new  audit  methodologies, and it has a strategic aspect in the context of the economic unit and fulfillment of its objectives.