（2007）The development and performance evaluation of a Continuous Auditing Assistance System.pdfVIP

460 Int. J. Electronic Finance, Vol. 1, No. 4, 2007 The development and performance evaluation of a Continuous Auditing Assistance System Huei-Huang Chen* and Shing-Han Li Department of Information Management/ Strategic and Industrial Studies Center Tatung University 40 ChungShan N. Rd. 3rd Sec., Taipei 104, Taiwan E-mail: hhchen@.tw E-mail: shli@.tw *Corresponding author Shi-Ming Huang and Yu-Chung Hung Department of Accounting and Information Technology, National Chung Cheng University 168 University Rd., Min-Hsiung, Chia-Yi, Taiwan E-mail: smhuang@.tw E-mail: actych@.tw Abstract: This study proposes a Continuous Auditing Assistance System (CAAS), which can assist auditors to assess potential weaknesses in the information systems. Auditors can perform auditing tasks independently, give feedback immediately on the extraordinariness and reach the objectives of continuous auditing. A prototype system is implemented to demonstrate the feasibility of this study. Sixty practitioners participated in the study to examine the utility of the system. The results indicate that this CAAS can benefit auditors in detecting potential internal control weaknesses and the weakness in the information systems more effectively and more efficiently. Keywords: computer auditing; continuous auditing; internal control; e-finance; systematic analysis; compliance test; substantive test; Entity-Relationship Diagram; ERD; Data Flow Diagram; DFD; performance evaluation. Reference to this paper should be made as follows: Chen, H-H., Li, S-H.,