Innovation and Practice of Continuous Auditing1
ISBN: 978-1-78743-414-1, eISBN: 978-1-78743-413-4
Publication date: 8 March 2018
Abstract
The traditional audit paradigm is outdated in the real time economy. Innovation of the traditional audit process is necessary to support real time assurance. Practitioners and academics are exploring continuous auditing as a potential successor to the traditional audit paradigm. Using technology and automation, continuous auditing methodology enhances the efficiency and effectiveness of the audit process to support real time assurance. This paper defines how continuous auditing methodology introduces innovation to practice in seven dimensions and proposes a four-stage paradigm to advance future research. In addition, we formulate a set of methodological propositions concerning the future of assurance for practitioners and academic researchers.
Keywords
Acknowledgements
Acknowledgments
We express our gratitude to Andreas Nicolaou, anonymous reviewer(s), participants of the Rutgers Accounting Research Forum, participants of the 2nd Annual Pre-ICIS Workshop on Accounting Information Systems, and JP Krahel for their contribution to the refinement of this paper.
Citation
Chan, D.Y. and Vasarhelyi, M.A. (2018), "Innovation and Practice of Continuous Auditing
Publisher
:Emerald Publishing Limited
Copyright © 2006, Elsevier