The Risks of Using Information Technology and its Impact on the Performance of the Electronic Accounting Information System in Libyan Commercial Banks

Abstract

This study aimed to determine the impact of information technology risks on the performance of electronic accounting information systems in Libyan commercial banks. The researcher adopted the descriptive-analytical approach due to its suitability for studying phenomena as they occur in reality. Data was collected using a questionnaire specifically designed for this purpose and distributed to five Libyan commercial banks. A total of 90 questionnaires were distributed, and 82 were returned and deemed valid for statistical analysis. The study employed several appropriate statistical methods to test its hypotheses. The results of the statistical analysis showed that information technology risks, whether related to system inputs, processing operations, or outputs, did not have a significant impact on the performance of electronic accounting information systems in Libyan commercial banks. The study recommended the necessity of focusing on qualifying and training accountants and auditors working in these banks to enable them to perform their duties effectively amidst increasing technological expansion. It also emphasized the importance of developing professional competencies to keep pace with the rapid changes in the field of information security and confidentiality, in order to reduce the likelihood of systems being exposed to technical risks and ensure their continued efficiency.