Continuous Audit Agent System

Recently, the provision of the real-time accounting reports over the Internet for the public corporation became popular. In response to this change on the service requirement, audit professionals considered to provide “continuous auditing” to diminish or minimize the lag time of the provision of an audit opinion behind the occurrence of business events. Though has been proposed the concept at 80’s, the provided implementation models of continuous auditing are still far beyond feasible. Major obstacles to hinder wide adoption in industry lie on two issues. (1) The development of continuous auditing system should be independent to the development of client’s information system. (2) The audit procedures that could be implemented by agent base automatic audit system should not be limited to the analysis on corporation internal data. In this paper, an agent base continuous auditing model and system is proposed to tackle these two major concerns. Several kinds of mobile agents are initiated by an audit agency system to simulate the behaviors of a human auditor on the audit procedures to collect various audit evidences. Each kind of mobile agent simulates a specific kind of audit procedure and acts on behalf of a human auditor to access and to inspect audit-related information hosted in the distributed information source

TOWARDS SMART MANUFACTURING: COMPLIANCE MONITORING FOR COMPUTATIONAL AUDITING

Manufacturers operating in international markets are faced with complex rules and regulations that must be complied with in order to trade successfully. A general phenomenon among international enterprises is that, when they are conducting business across borders, their internal information systems fail to interface well with systems or platforms built specially for compliance reports. This leads to inventory mismatch and results in other types of problems, such as delay of goods delivery or incorrect duty payment. One of the main difficulties in fully integrating information systems arises from the highly flexible and volatile nature of manufacturing processes, which would need highly customizable and adaptive information systems. Currently, there is a lack of systematic method to monitor compliance within flexible multinational manufacturing processes and supply chains. Moreover, improper operations could hamper compliance even normal business processes. In order to have well integrated systems as well as timely detection and mitigation of compliance faults, data processing tools are needed to identify and diagnose inconsistencies in manufacturing and inventory management. This research aims to innovate accounting information systems by designing a framework with the application of process mining and engineering techniques in computational auditing. An in-depth case study is conducted for research validation