Research Streams in Continuous Audit：A Review and Analysis of the Existing Literature.pptVIP

12th Continuous Auditing and Reporting Symposium Research Streams in Continuous Audit: A review and Analysis of the Existing Literature Carol Brown Jeff Wong Amelia Baldwin Nov. 4, 2006 12th Continuous Auditing and Reporting Symposium The Purpose of This Paper A review and analysis for literature related to continuous auditing (CA) to provide a background for: Researchers working with CA related topics Professionals whose clients (or organizations) wish to implement CA systems or have done so. Companies providing software or other technologies to enable CA systems Nov. 4, 2006 12th Continuous Auditing and Reporting Symposium Scope of Literature Reviewed More on our definition Scope of the literature reviewed Continuous auditing Continuous assurance Continuous monitoring Real-time auditing Other synonymous terms Nov. 4, 2006 12th Continuous Auditing and Reporting Symposium Literature Search Procedures Search for papers Broad searches on library databases and the internet Papers presented at CA conferences Collegial input References cited in all papers read Selection – papers that appeared to be relevant, meaningful and important to CA Over 75 papers and growing Nov. 4, 2006 12th Continuous Auditing and Reporting Symposium Classification of Literary Contributions Factors causing the demand for CA CA theory and guidance Enabling technologies CA applications Economic impact – costs and benefits Nov. 4, 2006 12th Continuous Auditing and Reporting Symposium Factors Causing the Demand for CA External Disclosure Internal Focus Regulatory Technology Nov. 4, 2006 12th Continuous Auditing and Reporting Symposium Demand – External Disclosure Calls for increasing the frequency or disclosing financial information is a driving force behind the demand for CA. Relevance and reliability are fundamental to valuable information. Rezaee, et al (2002) Elliott (2002) Hunton, et al (2002) Vasarhelyi, et al (2002) Nov. 4, 2006 12th Continuous Auditing and Reporting Symposium Dema