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Book part
Publication date: 8 March 2018

Zabihollah Rezaee, Ahmad Sharbatoghlie, Rick Elam and Peter L. McMickle

The digital economy has significantly altered the way business is conducted and financial information is communicated. A rapidly growing number of organizations are…

Abstract

Summary

The digital economy has significantly altered the way business is conducted and financial information is communicated. A rapidly growing number of organizations are conducting business and publishing business and financial reports online and in real-time. Real-time financial reporting is likely to necessitate continuous auditing to provide continuous assurance about the quality and credibility of the information presented. The audit process has, by necessity, evolved from a conventional manual audit to computer-based auditing and is now confronted with creating continuous electronic audits. Rapidly emerging information technology and demands for more timely communication of information to business stakeholders requires auditors to invent new ways to continuously monitor, gather, and analyze audit evidence. Continuous auditing is defined here as “a comprehensive electronic audit process that enables auditors to provide some degree of assurance on continuous information simultaneously with, or shortly after, the disclosure of the information.” This paper is based on a review of related literature, innovative continuous auditing applications, and the experiences of the authors. An approach for building continuous audit capacity is presented and audit data warehouses and data marts are described. Ever improving technology suggests that the real-time exchange of sensitive financial data will place constant pressure on auditors to update audit techniques. Most of the new techniques that will be required will involve creation of new software and audit models. Future research should focus on how continuous auditing could be constantly improved in various auditing domains including assurance, attestation, and audit services.

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Continuous Auditing
Type: Book
ISBN: 978-1-78743-413-4

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Article
Publication date: 1 April 2001

Zabihollah Rezaee, Rick Elam and Ahmad Sharbatoghlie

Technological advances (e.g. e‐commerce and the Internet) have changed business practices and the process of recording and storing business transactions. Extensible…

Abstract

Technological advances (e.g. e‐commerce and the Internet) have changed business practices and the process of recording and storing business transactions. Extensible Business Reporting Language (XBRL) will soon be built into accounting and reporting software which would allow on‐line real‐time preparation, publication, examination, and extraction of financial information. Thus, outside, independent auditors should use continuous, electronic auditing when most financial information exists only in electronic form under real‐time accounting systems. Continuous auditing and its implications for independent auditors, including internal control considerations and audit procedures, are described and analyzed.

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Managerial Auditing Journal, vol. 16 no. 3
Type: Research Article
ISSN: 0268-6902

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Article
Publication date: 1 February 2000

Zabihollah Rezaee and Rick Elam

Recently, a number of environmental laws and regulations have been enacted to hold organizations more accountable for their environmental responsibilities. The…

Abstract

Recently, a number of environmental laws and regulations have been enacted to hold organizations more accountable for their environmental responsibilities. The International Standards Organization (ISO), issued ISO 14000 environmental standards to assist entities worldwide in managing their environmental requirements and to ensure that their environmental policies and practices conform to their missions and goals. ISO 14000 environmental standards are divided into six categories: (1) environmental management systems; (2) environmental auditing; (3) environmental performance evaluation; (4) environmental labeling; (5) life‐cycle assessment; and (6) environmental aspects in product standards. These standards assist entities in preparing step‐by‐step implementation plans to adopt an adequate and effective environmental management system, conduct proper environmental audits, and successfully become registered to ISO 14001. This article presents a 15‐step process which accountantsshould suggest to their organizations to achieve ISO 14001 certification.

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Managerial Auditing Journal, vol. 15 no. 1/2
Type: Research Article
ISSN: 0268-6902

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Article
Publication date: 1 March 1984

James A. Gentry, Paul Newbold and David T. Whitford

The objectives of this study are to offer cash based funds flow components as an alternative to financial ratios for classifying the financial performance of companies; to…

Abstract

The objectives of this study are to offer cash based funds flow components as an alternative to financial ratios for classifying the financial performance of companies; to test empirically the ability of funds flow components to distinguish between failed and nonfailed companies with special emphasis on working capital components; to analyse the empirical results and make recommendations for future study.

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Managerial Finance, vol. 10 no. 3
Type: Research Article
ISSN: 0307-4358

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Article
Publication date: 1 October 1994

Inam Hussain, Musa Al‐Darayseh and Edmond D'Ouville

Accounting education is passing through a critical stage. In 1988 the American Institute of Certified Public Accountants (AICPA) voted overwhelmingly to require 150…

Abstract

Accounting education is passing through a critical stage. In 1988 the American Institute of Certified Public Accountants (AICPA) voted overwhelmingly to require 150 semester hours of education, including a baccalaureate degree, for new members from the year 2000. AICPA together with the National Association of State Boards of Accounting (NASBA) is working to require the 150 hours education requirement to sit for the CPA examination. Twenty four states have passed various versions of this law; many more are in the process of passing it.

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Management Research News, vol. 17 no. 10/11
Type: Research Article
ISSN: 0140-9174

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Book part
Publication date: 8 March 2018

Abstract

Details

Continuous Auditing
Type: Book
ISBN: 978-1-78743-413-4

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Article
Publication date: 1 January 1994

Belverd E. Needles

This paper provides, first, a historical perspective of accounting research relating to Asian/Pacific countries as seen from the vantage of the leading international…

Abstract

This paper provides, first, a historical perspective of accounting research relating to Asian/Pacific countries as seen from the vantage of the leading international journal in the United States and, second, a bibliographical data base and index of twenty‐six years of articles on this region of the world. It accomplishes the first objective by presenting a tabular profile of research in international accounting as it pertains to countries in the Asian/Pacific Rim region as shown in articles published in the International Journal of Accounting (formerly, the International Journal of Accounting, Education and Research) and related publications which appeared from 1965 to 1990. The articles are classified according to country, research methodology, subject, and five‐year time periods. The paper accomplishes the second objective by providing an annotated bibliography of 125 articles on Asian/Pacific Rim countries and indices by country and methodology, and subject.

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Asian Review of Accounting, vol. 2 no. 1
Type: Research Article
ISSN: 1321-7348

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Article
Publication date: 1 May 2004

Nalini Govindarajulu and Bonnie F. Daily

This paper presents a theoretical framework for environmental performance by looking at the crucial employer and employee factors affecting environmental performance. The…

Abstract

This paper presents a theoretical framework for environmental performance by looking at the crucial employer and employee factors affecting environmental performance. The model focuses on the integration between top management commitment, employee empowerment, rewards, feedback and review, and environmental performance. Suggestions for managers on implementing core concepts from the model, in addition to the challenges they may encounter are discussed throughout the article.

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Industrial Management & Data Systems, vol. 104 no. 4
Type: Research Article
ISSN: 0263-5577

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Book part
Publication date: 20 June 2008

Jean J. Boddewyn

Most years, several AIB members are elected as AIB Fellows on account of their excellent international business scholarship, and/or past service as AIB President or…

Abstract

Most years, several AIB members are elected as AIB Fellows on account of their excellent international business scholarship, and/or past service as AIB President or Executive Secretary. The Fellows are in charge of electing Eminent Scholars as well as the International Executive and International Educator (formerly, Dean) of the Year, who often provide the focus for Plenary Sessions at AIB Conferences. Their history since 1975 covers over half of the span of the AIB and reflects many issues that dominated that period in terms of research themes, progresses and problems, the internationalization of business education and the role of international business in society and around the globe. Like other organizations, the Fellows Group had their ups and downs, successes and failures – and some fun too!

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International Business Scholarship: AIB Fellows on the First 50 Years and Beyond
Type: Book
ISBN: 978-0-7623-1470-6

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Article
Publication date: 1 April 2002

Majed Al‐Mashari

The continuing development of enterprise resource planning (ERP) systems has been considered by many researchers and practitioners as one of the major IT innovations in…

Abstract

The continuing development of enterprise resource planning (ERP) systems has been considered by many researchers and practitioners as one of the major IT innovations in this decade. ERP solutions seek to integrate and streamline business processes and their associated information and work flows. What makes this technology more appealing to organizations is increasing capability to integrate with the most advanced electronic and mobile commerce technologies. However, as is the case with any new IT field, research in the ERP area is still lacking and the gap in the ERP literature is huge. Attempts to fill this gap by proposing a novel taxonomy for ERP research. Also presents the current status with some major themes of ERP research relating to ERP adoption, technical aspects of ERP and ERP in IS curricula. The discussion presented on these issues should be of value to researchers and practitioners. Future research work will continue to survey other major areas presented in the taxonomy framework.

Details

Industrial Management & Data Systems, vol. 102 no. 3
Type: Research Article
ISSN: 0263-5577

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