Moving towards continuous audit and big data with audit analytics: Implications for research and practice

• In Event: SET Audit Analytics

Abstract

“Advances in technology and the massive proliferation of available information have created a new landscape for financial reporting. With investors now having access to a seemingly unlimited breadth and depth of information, the need has never been greater for the audit process to evolve by providing deeper and more relevant insights about an organization’s financial condition and performance –while maintaining and continually improving audit quality.
Does this mean that core elements of the audit such as the current “pass/fail opinion” that external auditors are mandated to provide – and that has served investors well for years, need to expand? Absolutely!” (Liddy, 2015)

Authors

• Deniz A Appelbaum, Rutgers University - Newark

• Alexander Kogan, Rutgers University - Newark

• Miklos A Vasarhelyi, Rutgers University - Newark