Abstract
Evaluating The Effectiveness Of Internal Control At Electronic
Accounting Information Systems

This study aims at evaluating the effectiveness of internal control at electronic

accounting information systems in Islamic banks in the Gaza Strip in the light
of robust advancing technology. Moreover, it seeks to indentify the ability of
these systems to provide suitable information in the right time for decision
makers. To achieve the study objectives and find answers to its questions, the
researcher depended on previous studies and related researches to gather
information. She managed to obtain secondary information, which formed the
theoretical frame of the study. Concerning the practical frame, the researcher
used a questionnaire designed for that purpose. The questionnaires were
distributed 48 copies and 43 ones were retrieved. The study included all
Islamic banks at the Gaza Strip (3 banks) and they have many branches located
in all governorates. The questionnaires were given to all employees work at
internal control department, internal auditors, accountants, directors of
branches and financial managers. The researcher conducted the necessary
analyses and assumptions.

Results:

The internal control system has the ability to detect error, cheating and
manipulation.
It has the ability to fulfill productive inventory at duties and tasks of
accounting information system.
It contributes to make each employee works under a direct supervision of a
manager who also assesses his performance, besides sticking to all laws and
regulations that call to respect morals.
The internal control system can indentify risks that face information security at
the information system and it can classify the stored information to be valuable
for decision makers.

Recommendations:

Stick to followed administrative and accounting policies by the supreme

administration.
Separate between duties of departments' managers and the execution of
financial transactions.
Establish an independent section to process data electronically at the
organizational structure.
Protect all existed files and machines from abuse.
Punish by the responsible administration upon detecting errors indicate
dishonesty or disloyalty in tasks accomplishment.
Provide a suitable job description that determines duties and authorities.
Consider the risks by the internal control system resulted from applying new
accounting systems and other risks connected to employees.














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The International Organization of Supreme Audit Institutions
Committee of Sponsoring Organizations (COSO)
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(COSO)
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Internal Auditing Profession IAP)

(Statement of Audit Standards) SAS

The Information System Audit and Control Foundation's COBIT

(Control Objectives for Information Technology )

The Institute of Internal Auditors Research Foundation's Systems

Auditability and Control (SAC)

The Committee of Sponsoring Organizations of the treadway

Commission's Internal Control Integrated Framework (COSO),

Accounting Information Systems

Information Technology (IT)

(O'Brien,1998)
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'' Reducing the threat levels for Accounting Information Systems
Challenges for Management , Accountants, Auditors, and
Academicians''.

(Chow and Kato, 2006)

''The use of organization controls and their effects on data
manipulation and management myopia: A Japan vs. U.SA
comparison".

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COBIT Case study ISACA, 2005

(COBIT) -

.
:
.

( Donald and, Oxner , 2001)

Internal Auditing in the Banking Industry Bank Accounting &
Finance
 (Burtuon , 2000)
"Discussion of Information Technology ( Related Activities of Internal
Auditors)".

Efficiency
Economies Effectiveness
 Mauldina and Ruchala, 1999
"Towards a meta-theory of accounting information systems".

(Hannaford, 1996)
''Can computer security really make a difference''.
 

Arens & Randal, 2005 


 2007,Andrew & Audney

(SAS,No.1)
American Institute of Certified Public Accountants AICPA

(1983,AICPA

Arens, 2000


  Stephen, 1997

Keith, 2002

IFAC,

1998)

 




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1991 Boockholdt & david        

Accounting Information Systems





(Donald, 2001: 68)

 Basic Terminology
2007 Robert & london

Debits & Credits

Basic Equation

2001 John Wiley & Sons

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(Richard, G, 2001)

Financial Accounting FASB

Standard Board

Relevance
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:Timeliness

(Hendriksen & Michael, 1992)

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Feed Back Value

Feed Back

Thomas& Munter, 2002

Consistency

Winters, 1992

Comparability

( Lawrence & Dittehofer, 1996

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1995 Bodnar & William

Representational Faithfulness

1995 Bodnar & William


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Objectivity

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1995 William
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The Committee of Sponsoring COSO

Organizations

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Foundation's Systems Auditability and Control

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0.463 2 1.542 
0.242 2 2.836 
0.442 2 1.631 
0.588 2 1.063 

0.665 2 0.815

0.479 2 1.471 
 Sig
0.05

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.691 -0.435 

.317 -1.075 

.691 -0.440 

.449 -0.820 

.380 -0.945

.843 -0.225 


Sig
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0.348 3 3.297 
0.282 3 3.820 

0.491 3 2.415 

0.259 3 4.018 

0.344 3 3.330 
0.857 3 0.768

0.481 3 2.470 

Sig
0.05
 

0.244 2 2.823 
0.220 2 3.025 
0.220 2 3.029 
0.523 2 1.295 
0.841 2 0.347 
0.323 2 2.261

0.197 2 3.249 

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.150 -1.576 
.150 -1.535 

.100 -1.686 
.500 -0.888 
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.200 -1.502

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(IFAC)
1

www.arabinfo.com
www.ascasociety.org

177

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