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Exploring Continuous Auditing Solutions and Internal Auditing: A Research Note

Author

Listed:
  • Pall Rikhardsson

    (Reykjavik University, Iceland
    Copenhagen Business School Denmark)

  • Kishore Singh
  • Peter Best

    (Central Queensland University, Australia)

Abstract

Research Question: Organizations increasingly buy standardized continuous auditing solutions from vendors rather than develop their own. What opportunities lie in exploring the adoption, implementation and application of such solutions in the context of internal auditing? Motivation: Extant literature has not fully examined the implications of this development and there are several interesting unexplored research questions in this area. Idea: We develop a framework for examining continuous auditing as an information system solution and link this to internal auditing. Data: We employ existing literature as data and build on similar frameworks from ERP systems and AIS research. Findings: The findings of the paper are a series of research questions for examining this relationship as well as a proposal for using different theoretical perspectives and methodologies. Contribution: The contribution is a new perspective on continuous auditing research that could move this research area forward and link it to current developments in the field.

Suggested Citation

  • Pall Rikhardsson & Kishore Singh & Peter Best, 2019. "Exploring Continuous Auditing Solutions and Internal Auditing: A Research Note," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 18(4), pages 614-639, December.
    • Handle: RePEc:ami:journl:v:18:y:2019:i:4:p:614-639
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    References listed on IDEAS

    as
    1. Alles, Michael & Gray, Glen L., 2016. "Incorporating big data in audits: Identifying inhibitors and a research agenda to address those inhibitors," International Journal of Accounting Information Systems, Elsevier, vol. 22(C), pages 44-59.
    2. Jans, Mieke & Alles, Michael & Vasarhelyi, Miklos, 2013. "The case for process mining in auditing: Sources of value added and areas of application," International Journal of Accounting Information Systems, Elsevier, vol. 14(1), pages 1-20.
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    4. John C. Coates IV, 2007. "The Goals and Promise of the Sarbanes-Oxley Act," Journal of Economic Perspectives, American Economic Association, vol. 21(1), pages 91-116, Winter.
    5. Chan, David Y. & Vasarhelyi, Miklos A., 2011. "Innovation and practice of continuous auditing," International Journal of Accounting Information Systems, Elsevier, vol. 12(2), pages 152-160.
    6. Debreceny, Roger S. & Gray, Glen L., 2010. "Data mining journal entries for fraud detection: An exploratory study," International Journal of Accounting Information Systems, Elsevier, vol. 11(3), pages 157-181.
    7. Chiu, Victoria & Liu, Qi & Vasarhelyi, Miklos A., 2014. "The development and intellectual structure of continuous auditing research," Journal of Accounting Literature, Elsevier, vol. 33(1), pages 37-57.
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    Cited by:

    1. Osama Samih Shaban & Abdallah Izzat Barakat, 2023. "Evaluation of Internal Audit Standards as a Foundation for Carrying out and Promoting a Wide Variety of Value-Added Tasks-Evidence from Emerging Market," JRFM, MDPI, vol. 16(3), pages 1-13, March.

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    More about this item

    Keywords

    continuous auditing; continuous monitoring; internal audit; information systems;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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