（2002）Enhancing an XML Schema for Accounting Systems to Facilitate Continuous Auditing.pdfVIP

Enhancing an XML Schema for Accounting Systems to Facilitate Continuous Auditing Uday S. Murthy Professor Quinn Eminent Scholar of Accounting Information Systems School of Accountancy University of South Florida Tampa, FL 33620-5500 Phone: 813-974-6523 Email: umurthy@ S. Michael Groomer Professor Department of Accounting Information Systems Kelly School of Business Indiana University Bloomington, IN 47405- 1701 Phone: 812-855-4026 Email: groomer@ Authors contributed equally to the paper. Murthy won the coin toss. Presented at the Fifth Continuous Assurance Symposium, November 22-23, 2002 at Rutgers University Preliminary draft. Comments are welcome but please do not cite without permission. Enhancing an XML Schema for Accounting Systems to Facilitate Continuous Auditing ABSTRACT This article discusses how emerging information technology (IT) frameworks such as XML and Web Services can be utilized to facilitate continuous auditing for the next generation of accounting systems. Using the recently proposed Business Process Execution Language for Web Services (referred to as BPEL4WS), this article discusses how constructs within BPEL4WS and the related Web Services Description Language specification can be used to continuously audit business processes. The continuous auditing mechanism itself is proposed