使用控制图来监控公众公司的财务报告.pdfVIP

International Journal of Accounting Information Systems 5 (2004) 109– 127 Using control charts to monitor financial reporting of public companies Richard B. Dull a,*, David P. Tegardenb a School of Accountancy and Legal Studies, Clemson University, 309 Sirrine Hall, Clemson, SC 29634, USA b Pamplin College of Business, Virginia Tech, USA Received 31 March 2003; received in revised form 30 November 2003; accepted 1 January 2004 Available online Abstract There is currently much being written about increasing the frequency and timeliness of financial reporting. Comments frequently support the desirability and question the feasibility of continuous reporting. Under the current reporting/assurance paradigm, if companies report continuously, auditors must monitor and audit on a continuous basis. Current audit standards generally address the outcomes, rather than the detailed procedures that the auditor must follow to meet the objectives of the audit. The purpose of this paper is to propose and demonstrate a technique for monitoring continuous financial information using control charts of accounting information. In this study, financial data were collected and used to implement control charts. Part of the selected companies had known errors, while others had no known errors. The resulting control charts and common interpretation rules identified potential systematic problems only in the companies with known errors. The authors suggest that when continuous data become available, charts similar with these can be used in conjunction with statistical and analytical techniques to detect signals that financial processes are not in control. Refinements of this technique should assist those i