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The application of continuous audit and monitoring methodology: A government medication procurement case

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  • Wang, Wenru
  • Vasarhelyi, Miklos A.

Abstract

In the government procurement process, waste and abuses are hard to avoid, and there are usually latencies between the event occurrence and detection works. The continuous audit methodology has been adopted by many public and private firms to actively monitor transactions and detect possible anomalies. Compared to the adoptions in the private sector, implementations of continuous audit and monitoring of government procurement analyses are limited. This study applies the continuous monitoring and audit methodology to the medication procurement data of a Brazilian city government, and it aims to help internal auditors identify exceptions and anomalies in procurements for further investigation. By introducing the comparison of exogenous data, this study further provides cost management opportunities.

Suggested Citation

  • Wang, Wenru & Vasarhelyi, Miklos A., 2024. "The application of continuous audit and monitoring methodology: A government medication procurement case," International Journal of Accounting Information Systems, Elsevier, vol. 55(C).
    • Handle: RePEc:eee:ijoais:v:55:y:2024:i:c:s1467089524000460
    DOI: 10.1016/j.accinf.2024.100713
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    References listed on IDEAS

    as
    1. Enrico Bracci & Christopher Humphrey & Jodie Moll & Ileana Steccolini, 2015. "Public sector accounting, accountability and austerity: more than balancing the books?," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 28(6), pages 878-908, August.
    2. repec:eme:aaaj00:aaaj-06-2015-2090 is not listed on IDEAS
    3. Zhang, Guangyue & Atasoy, Hilal & Vasarhelyi, Miklos A., 2022. "Continuous monitoring with machine learning and interactive data visualization: An application to a healthcare payroll process," International Journal of Accounting Information Systems, Elsevier, vol. 46(C).
    4. Vasarhelyi, Miklos A. & Alles, Michael & Kuenkaikaew, Siripan & Littley, James, 2012. "The acceptance and adoption of continuous auditing by internal auditors: A micro analysis," International Journal of Accounting Information Systems, Elsevier, vol. 13(3), pages 267-281.
    5. Enrico Bracci & Christopher Humphrey & Jodie Moll & Ileana Steccolini, 2015. "Public sector accounting, accountability and austerity: more than balancing the books?," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 28(6), pages 878-908, August.
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    1. Emmanuel Akwandoh & Jiang Xinyu & Z. Y. Medin & Ying Ma & Estella Efiba Baffoe, 2025. "Assessing the Impacts of Competitive Tendering on the Effectiveness of Medical Logistics in Ghana’s Healthcare Sector at Both Effia-Nkwanta Regional Hospital and Tepa Government Hospital," SN Operations Research Forum, Springer, vol. 6(2), pages 1-35, June.

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