ISO 27001 Information Security Management System: Effect of Firm Audits in Emerging Blockchain Technology

Yunita Tanadi(1), Raden Roro Widya Ningtyas Soeprajitno(2*), Gery Lusiano Firmansah(3), Tsanya El Karima(4)

(1) Accounting Department, Faculty of Economics and Business, Airlangga University
(2) Accounting Department, Faculty of Economics and Business, Airlangga University
(3) Accounting Department, Faculty of Economics and Business, Airlangga University
(4) Accounting Department, Faculty of Economics and Business, Airlangga University
(*) Corresponding Author

Abstract

The emergence of Blockchain Technology is closely related to improving the ISO 27001 Information Security Management System for confidence in data and information security, preventing manipulation and various information risks that occur. This study examines the effect of the Audit Firm on companies that carry out ISO 27001 certification. This study uses 578 samples listed on the Indonesia Stock Exchange from 2013 – 2017. This study uses a quantitative method with OLS regression testing STATA 14. This study obtained the results that the Audit Firms have a significant influence at the 5% level on the company's decision to improve the Information Security Management System as proxied by ISO 27001. This research has an empirical contribution to developing theory, participating in developing research related to ISO 27001 certification, and assessing the existence of an Audit Firm on the improvement of the Security Management System. Corporate information in the era of blockchain technology. 

Full Text:

PDF

References

A. Bahga and V. K. Madisetti, “Blockchain platform for industrial internet of things,” J. Softw. Eng. Appl., vol. 9, no. 10, pp. 533–546, 2016.

J. G. Coyne and P. L. McMickle, “Can blockchains serve an accounting purpose?,” J. Emerg. Technol. Account., vol. 14, no. 2, pp. 101–111, 2017.

J. Kokina, R. Mancha, and D. Pachamanova, “Blockchain: Emergent industry adoption and implications for accounting,” J. Emerg. Technol. Account., vol. 14, no. 2, pp. 91–100, 2017.

J. Dai and M. A. Vasarhelyi, “Toward blockchain-based accounting and assurance,” J. Inf. Syst., vol. 31, no. 3, pp. 5–21, 2017.

D. Yermack, “Corporate governance and blockchains,” Rev. Financ., vol. 21, no. 1, pp. 7–31, 2017.

F. S. Piazza, “Bitcoin and the blockchain as possible corporate governance tools: Strengths and weaknesses,” Bocconi Leg. Pap., vol. 9, p. 125, 2017.

M. Rauchs and G. Hileman, “Global blockchain benchmarking study,” Cambridge Cent. Altern. Financ. Reports, 2010.

D. Tapscott and A. Tapscott, “How blockchain will change organizations,” MIT Sloan Manag. Rev., vol. 58, no. 2, p. 10, 2017.

R. E. Freeman and J. McVea, “A stakeholder approach to strategic management. The Blackwellhandbook of strategic management, 189-207,” Anal. D’UNE Rev. Litt., 2001.

A. Kotb and C. Roberts, “The impact of e‐business on the audit process: An investigation of the factors leading to change,” Int. J. Audit., vol. 15, no. 2, pp. 150–175, 2011.

A. H. Amoush, “Using Information Technology among Auditors in Jordan,” Int. Res. J. Appl. Financ., vol. 10, no. 3, pp. 109–114, 2019.

M. Bakri and N. Irmayana, “Analisis Dan Penerapan Sistem Manajemen Keamanan Informasi SIMHP BPKP Menggunakan Standar ISO 27001,” J. Tekno Kompak, vol. 11, no. 2, pp. 41–44, 2017.

C. Chazar, “Standar manajemen keamanan sistem informasi berbasis ISO/IEC 27001: 2005,” J. Inform. dan Sist. Inf., vol. 7, no. 2, pp. 48–57, 2015.

S. D. Utomo, I. D. Pamungkas, and Z. Machmuddah, “The moderating effects of managerial ownership on accounting conservatism and quality of earnings,” Acad. Account. Financ. Stud. J., vol. 22, no. 6, p. 2635, 2018.

G. Disterer, “ISO/IEC 27000, 27001 and 27002 for information security management,” 2013.

M. S. Beasley, R. Clune, and D. R. Hermanson, “Enterprise risk management: An empirical analysis of factors associated with the extent of implementation,” J. Account. public policy, vol. 24, no. 6, pp. 521–531, 2005.

K. Desender, “On the determinants of enterprise risk management implementation,” in Enterprise IT governance, business value and performance measurement, IGI Global, 2011, pp. 87–100.

C. J. P. Chen, X. Su, and X. Wu, “Auditor changes following a Big 4 merger with a local Chinese firm: A case study,” Audit. A J. Pract. theory, vol. 29, no. 1, pp. 41–72, 2010.

D. G. Barako and A. M. Brown, “Corporate social reporting and board representation: evidence from the Kenyan banking sector,” J. Manag. Gov., vol. 12, no. 4, pp. 309–324, 2008.

J. Meizaroh & Lucyanda, “Pengaruh Corporate Governance dan Konsentrasi Kepemilikan pada Pengungkapan Enterprise Risk Management,” Simp. Nas. Akunt. XIV. Hal, pp. 1–30, 2011.

DOI: 10.23917/reaksi.v6i2.15146

Article Metrics

Abstract view(s): 562 time(s)
PDF: 505 time(s)

Refbacks

  • There are currently no refbacks.