reimagining auditing in a wired world1 authors aicpa staff（重新审核在有线world1作者协会工作人员）.pdfVIP

August 2014 White Paper Reimagining Auditing in a Wired World1 Authors AICPA Staff Paul Byrnes Amy Pawlicki Rutgers University – Rutgers Business School Director, Business Reporting, Assurance and Advisory Services Tom Criste Dorothy McQuilken Deloitte (Retired) Manager, Business Reporting, Assurance and Advisory Services Ross School of Business, University of Michigan Trevor Stewart Deloitte (Retired), Rutgers Business School Miklos Vasarhelyi Rutgers University – Rutgers Business School ABSTRACT: How would financial statement audits be designed if auditing were a new service that had just been invented? There can be little doubt but that audit processes would be designed from the get-go to make optimal use of today’s amazing technology in order to enable auditors to provide the most effective and efficient service possible within the bounds of economic viability. Instead, for the most part, auditors use legacy processes that are not much different from those of fifty years ago except that they have been computerized. The emphasis has been on improving efficiency, and while effectiveness has improved as well, there has not been the quantum leap that technology can enable. Our thesis is that the profession needs to achieve that quantum leap. This will involve deconstructing and re-engineering processes; researching how data science and related technologies can be harnessed and tailored into applications for auditors; extending auditing theory to encompass new approaches; modifying auditing standards where necessary and providing ple