（2002）Innovative Uses of Computer Audit Techniques and Continuous Auditing.pdfVIP

Innovative Uses of Computer Audit Techniques and Continuous Auditing The 2001-2002 Research Project Conducted by the Dallas Chapter of the Institute of Internal Auditors Research Project Committee: John Trampe, CPA, CIA Thanh Nguyen, MA, BS Lynn Hays, CIA Colby Ton Stacy Dunton Lindsay Harris, CPA Copyright 2002, Institute of Internal Auditors-Research Foundation TABLE OF CONTENTS Page Introduction 3 Project Scope 3 Research Methodology 4 Data/Responses 5 Conclusion/Results 11 Acknowledgement 13 Appendix 14 2 Innovative Uses of Computer Audit Techniques and Continuous Auditing Institute of Internal Auditors Dallas Chapter INTRODUCTION The Institute of Internal Auditor’s Dallas Chapter Board of Governors approved ‘Innovative Uses of Computer Audit Techniques and Continuous Auditing’ as the research topic for the 2001-2002 term. According to the AICPA, “As e-business moves us to a world of real-time transactions and real-time reporting, we also need real-time, or continuous, auditing.” In addition, as stated in Montgomery’s Auditing, “Using the computer itself in the audit, by testing general control procedures or using computer software to test the programmed procedures that carry out accounting and control activities…has become all but essential in modern processing systems.” With this great