TRANSFERRING CONTINUOUS AUDITING TO THE DIGITAL AGE – THE KNOWLEDGE BASE AFTER THREE DECADES OF RESEARCH

Financial auditing is faced with an intensified regulatory framework and an increasing volume of ac-counting-relevant data. In order to address these challenges, information technology (IT) and corre-sponding information systems (IS) are implemented to improve the effectiveness and efficiency of audit services. In this context, continuous auditing (CA) is defined as an approach to deliver audit assurance in terms of an audit subject in real-time or almost real-time. Although CA is discussed in literature for more than thirty years, fully implemented CA systems are still exceptional cases in practice. The aim of this paper is to structure the relevant CA literature and to discuss insights in order to derive major challenges of CA adoption. To do so, we followed a structured literature review approach including backward search and forward search according to Webster and Watson (2002). Consequently, we trans-form insights and trends of CA research into a conceptual model by describing a scenario of a cloud-based service provider. Our results have a number of implications for both researchers and practition-ers. Foremost, we suggest researchers and practitioners to direct their attention on the changes of tra-ditional paradigms and focus on the digitization of the economy

Improving the Success of Continuous Auditing Projects with a Comprehensive Implementation Framework

The major aim of this paper is to create awareness of the demand for computer-assisted audit solutions within the European research community. The cause of this demand is twofold; on the one hand, regulatory pressure is increasing through both the reform of the audit sector in the European Union regarding mandatory audit firm rotation and tightened independence requirements. On the other hand, the speed and volume of data processing requires fast and qualitative audit results. These circumstances lead to the need to shift audit processes from traditional sample selection based on historical data to permanent monitoring and assurance of accounting-relevant processes and data–Continuous Auditing (CA). However, the implementation of CA systems is a recognized challenge for researchers and practitioners. Through the review of relevant literature regarding the issues and barriers of CA projects, sixteen critical success factors (CSFs) of CA were explored. These CSFs were condensed into one framework considering three different levels of business diffusion (strategy, processes, and systems) as well as stakeholders of CA projects (enterprise, project management, audit, and external environment). In terms of the conceptual level of the proposed framework, the authors of this paper chose a fictitious scenario and conducted an informed argument to evaluate the framework

Multikonferenz Wirtschaftsinformatik (MKWI) 2016: Technische Universität Ilmenau, 09. - 11. März 2016; Band III

Übersicht der Teilkonferenzen Band III • Service Systems Engineering • Sicherheit, Compliance und Verfügbarkeit von Geschäftsprozessen • Smart Services: Kundeninduzierte Kombination komplexer Dienstleistungen • Strategisches IT-Management • Student Track • Telekommunikations- und Internetwirtschaft • Unternehmenssoftware – quo vadis? • Von der Digitalen Fabrik zu Industrie 4.0 – Methoden und Werkzeuge für die Planung und Steuerung von intelligenten Produktions- und Logistiksystemen • Wissensmanagemen