Model-based auditing using REA

Weigand, Hans; Elsas, Philip I.

doi:10.1016/j.accinf.2012.06.013

Cited by 22 publications

(8 citation statements)

References 11 publications

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“…REA is the ontological basis for the norms that are included in the SOLL model. REA not only provides an economic abstraction of auditing with the help of smart techniques processes, but also contains duality axioms that have a normative function [35].…”

Section: B Smart Auditing Frameworkmentioning

confidence: 99%

Smart Auditing -- Innovating Compliance Checking in Customs Control

Bukhsh

Weigand

2013

2013 IEEE 15th Conference on Business Informatics

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While risk regulations and compliance requirements grow, the capacity of governmental controls only shrinks in many countries. Automation provides a partial solution to this problem, but more is expected from new modes of supervision. The reliability of the provided data becomes essential then. Reliability can be supported by auditing services. At the same time, the advent of Smart Computing creates new requirements on auditing as well as new opportunities. Technology (smart sensors and intelligent data analysis) can support both accounting information system and audit services. To address these developments, this paper discusses the related concepts of Smart Auditing. An initial evaluation has been performed in the domain of customs control as well.

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Section: B Smart Auditing Frameworkmentioning

confidence: 99%

Smart Auditing -- Innovating Compliance Checking in Customs Control

Bukhsh

Weigand

2013

2013 IEEE 15th Conference on Business Informatics

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“…Model-based auditing is a computational approach to compliance monitoring and auditing, which is based on a normative meta-model of the value-cycle: the movement of money and goods or services [13,17,37,10]. Where do these valuecycle models come from?…”

Section: Model-based Auditingmentioning

confidence: 99%

“…Given a model, hypotheses can be generated for testing, and requirements about evidence can be formulated. This computational approach to auditing is called model-based auditing [10,37], by analogy with approaches like model-based diagnosis [30], which are also based on a precise model of the domain, rather than on heuristics. Value-cycle models can be derived from practices in the accounting domain [33].…”

Section: Introductionmentioning

confidence: 99%

Reliability of electronic evidence

Christiaanse

Griffioen

Hulstijn

2015

Proceedings of the 15th International Conference on Artificial Intelligence and Law

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Much legal evidence is being generated by and stored in information systems. In this paper we look at evidence from an auditing point of view. Auditors rely on evidence of the party being audited, who may have a legitimate or illegitimate interest to manipulate it. To assess the quality of audit evidence, we argue for an approach called model-based auditing. It is based on a mathematically precise model of the expected relationships between the flow of money and the flow of goods or services. Such equations are used for cross verification. If the equations do not hold, either something is wrong (violation) or some underlying assumption is false (exception). To show the usefulness of the approach, we look in particular at a case study of a legal dispute about automated contract monitoring. A precise revenue model is instrumental in demonstrating that the data set does indeed constitute appropriate evidence to settle the case.

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“…Reconciliation is checked by equations that capture essential laws of the task or domain [51][]p14]. One can use formal models of the flow of money and goods or services in an organization to derive such relationships [13,52].…”

Section: Continuous Monitoring and Auditingmentioning

confidence: 99%

Continuous monitoring and auditing in municipalities

Ezzamouri

Hulstijn

2018

Proceedings of the 19th Annual International Conference on Digital Government Research: Governance in the Data Age

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Tools and techniques for monitoring and auditing continuous streams of data are increasingly being used. However, adoption has only been investigated in the private sector. In this paper we examine the feasibility of continuous auditing and continuous monitoring in the public sector, specifically for municipalities in the Netherlands. A multiple case study is conducted about the opportunities and needs of continuously monitoring and assessing financial data concerning the social domain: care-related and social services, which have recently been decentralized from the national government to the municipal level. Interviews were held with representatives of six municipalities, administrative bodies, and an accounting firm. The research indicates that continuous monitoring is feasible, and that there is a need for continuous monitoring in the public domain. The ease of adoption depends to a large extent on the choice of whether and how a municipality wants to collaborate in offering social domain services.

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Model-based auditing using REA

Cited by 22 publications

References 11 publications

Smart Auditing -- Innovating Compliance Checking in Customs Control

Smart Auditing -- Innovating Compliance Checking in Customs Control

Reliability of electronic evidence

Continuous monitoring and auditing in municipalities

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