（2008）Conceptual Model for Continuous Organizational Auditing with Real Time Analysis and Modern Control Theory.pdfVIP

JOURNAL OF EMERGING TECHNOLOGIES IN ACCOUNTING Vol. 5 2008 pp. 37–63 Conceptual Model for Continuous Organizational Auditing with Real Time Analysis and Modern Control Theory Carlos Santos Universidade de Aveiro Pedro Sousa Instituto Superior Te´cnico Carla Ferreira Instituto Superior Te´cnico Jose´ Tribolet Instituto Superior Te´cnico ABSTRACT: The important role that has been played by organizational information systems in the maneuvering of organizations, particularly concerning their capacity to continuously adapt to new challenges using real time response, means that great care must be given to their evaluation and validation. Bearing this in mind, a system which has been evaluated and validated will reassure the stakeholders that the organization is trustworthy. The process of evaluating and validating is one of auditing which, in order to be performed according to good practice, should be based on an internal control system. This work presents a conceptual model for continuous organizational auditing using real time analysis and modern control theory. The main scientific components of this work are as follows: the consistent and coherent design of an internal control system based on modern control theory; the formal verification of the rules that make up the internal control system’s specific aims; a conceptual model able to support continuous organizational auditing using real time analysis. Keywords: organizational information systems; organizational engineering; orga