Big Data as Complementary Audit Evidence

Yoon, Kyunghee; Hoogduin, Lucas A.; Zhang, Li

doi:10.2308/acch-51076

Cited by 216 publications

(164 citation statements)

References 28 publications

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“…The consistent decline in fragmentation and increase in connectedness within the co-word network showed that the auditing discipline is becoming increasingly tight and cohesive (Kılıç et al, 2019;Varga, 2011 Advances in information technology, the rise of the real-time economy, and massive fraud scandals played a major role in the emergence of continuous auditing practices (Eulerich & Kalinichenko, 2018). Researchers have generally tended to study continuous auditing using XML-based accounting systems (Murthy & Groomer, 2004), in an internal auditing context (Gonzalez, Sharma, & Galletta, 2012), to determine whether it enhances financial reporting quality (Lee, Kang, Oh, & Pyo, 2014), to assess how to minimize the cost of continuous audit practices arising from the maintenance of a large dataset (Pathak, Chaouch, & Sriram, 2005;Pathak, Nkurunziza, & Ahmed, 2007), and to evaluate the incremental value of continuous auditing practice (Farkas & Murthy, 2014 ; the drivers of, and obstacles to, big data evolution in audits (Alles, 2015); the consequences of big data in accounting and auditing (Krahel & Titera, 2015); the impact of big data on audit evidence; and audit judgments and financial statement audits (Brown-Liburd, Issa, & Lombardi, 2015;Cao, Chychyla, & Stewart, 2015;Yoon, Hoogduin, & Zhang, 2015). It therefore seems to be a strong candidate for one of the future research avenues.…”

Section: Discussionmentioning

confidence: 99%

Exploring the conceptual structure of the auditing discipline through co‐word analysis: An international perspective

2019

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The purpose of this study was to explore the conceptual structure of the auditing discipline between 2000 and 2016, by synthesizing keywords cited in 2,119 articles published in 24 accounting and auditing journals, using co-word analysis and social network analysis (SNA). We aimed to highlight dominant, fading, and emerging themes in the discipline across the periods and across continents. The main outputs of this study can be summarized as follows. The consistent decline in fragmentation, and the increase in connectedness, within the SNA showed that the auditing discipline became an increasingly tight and more cohesive network. While the generic keywords auditing and auditor were used far less frequently in the final period of the study, the keywords audit quality, audit fees, internal control, financial reporting quality, and continuous auditing were increasingly cited across the study periods. Moreover, regional analyzes unveiled similarities and differences between territories.

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Section: Discussionmentioning

confidence: 99%

Exploring the conceptual structure of the auditing discipline through co‐word analysis: An international perspective

2019

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“…The next wave of automated audit technologies promises to have an even greater impact on the use of expert human auditors, and more importantly the development of new expert human auditors. This next wave is being driven largely by a focus on the use of data analytics and big data (Brown‐Liburd et al ., ; Cao et al ., ; Griffin and Wright, ; Vasarhelyi et al ., ; and Yoon et al ., ), the economic forces that are pushing for this data analysis capability to ‘make the audit more efficient’ (Alles, ), and the perceived ability of automated data analytics to solve many of the human bottlenecks in continuous auditing (Zhang et al ., ). Underlying all of these advances is a systematic effort to improve auditing by automating and alleviating the deficiencies of human judgement.…”

Section: Auditing and Assurancementioning

confidence: 99%

The changing technological environment and the future of behavioural research in accounting

Arnold

2016

Accounting & Finance

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In an era where the pace of change continues to escalate, behavioural research provides an ongoing avenue for explaining the likely effects of emergent changes on decision-making by providers, users and assurers of accounting information, and for providing ex ante enlightenment for policy-makers. The purpose of this discussion is to identify contemporary changes affecting the accounting environment, discuss the potential impact to individual and organisational decision-making, and explore how behavioural research can be utilised to examine these changes. Specifically, this discussion focuses on the impact that technological changes have had on financial reporting, external auditing and managerial accounting, with an eye towards the potential for these changes to radically alter the future of accounting and auditing research. This article is based on my plenary speech at the 2013 AFAANZ Annual Conference held in Perth, Australia. I thank both Sue Wright and David Lont, presidents of AFAANZ, for giving me the opportunity to synthesise research on the impact of technology on accounting, and to present that discussion in this forum. Over the past twenty years, I have had the opportunity to work with some of the finest academics in the world, either directly as my coauthors or indirectly through involvement in their PhD thesis work. Most of these academics are from the AFAANZ community -people like Stewart Leech at the University of Melbourne, Phil Collier formerly at the University of Melbourne, Carlin Dowling formerly at the University of Melbourne, Mohamed Elbashir and Habib Mahama both formerly at Australian National University, Poh Sun Seow, a graduate of University of Melbourne, now at Singapore Management University, and Jake Rose at Victoria University in New Zealand. These people and their work have profoundly influenced my thinking and my research about the impact of technology on the accounting domain. I would like to thank Steve Sutton for his invaluable help in preparing both the plenary speech and writing this article.© 2016 AFAANZ Accounting and Finance 58 (2018) 315-339

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“…Which mirrored its effect on the methods and procedures of audit, although the audit objects in general are considered as one regardless the operating quality of manual or electronic data, but the audit procedures used by the auditor in conducting the tests may have been changed in response to the changing nature of each of the inputs elements and data operating processes and the nature of the output elements (Arens et al, 2012;Simkin et al, 2014). From here, governments in most countries are permanently seeking to develop rules and foundations and principles describe the mechanisms of correct and safe dealing of information, in particular those flows through the network in order to maintain this information from loss and damage, especially to deal (Abdullah & Fares, 2016), in both the public sector or private sector, especially in accounting information for its importance and its disclosure, and defining the roles (Yoon & Zhang, 2015) and duties that must be performed by the staff in order to achieve an appropriate level of security and protection for this information, and make them available when if needed for people and entities who have access authorization (Cavelty & Mauer 2016, NIACSS, 2012. The information flow across networks makes it difficult to follow up and verify that information (Romney et al, 2013), and in particular as long the complexity of networks is increased of and consequently such shall generates difficulties to find appropriate audit evidence (Simkin et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

The Relationship between Network Security Policies and Audit Evidence Documentation: The Accounting Information Security Culture as a Mediator

Hamdan¹

2017

IJBM

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The purpose of this study is to explore the relationship between network security policies (the department policy, system director policy, user policy, information security officer policy) on the one hand, and audit evidence documenting on the other hand. As the security, culture of accounting information has been introduced as a variable mediating that relationship. The researcher sent (450) questionnaires to all the companies listed on the Amman Stock Exchange in Jordan equivalent to (228) company until 2015. The study found that there is a significant relationship between networks (the department policy, system director policy, user policy, information security officer policy) and documentation of the audit evidence. While the respondents said that, there is not a significant relationship between information security officer and policy and documentation of the audit evidence. Besides, the value of the correlation coefficient between network security policies and documentation of audit evidence had increased from (0.56) to (0.62), after entering the variable of security culture of accounting information systems to demonstrate its impact as a variable rate of the regression model and this result demonstrates the importance of awareness of security culture of the companies. These results will be very useful for those are interested, especially auditors to help them to appreciate the importance of documenting the audit evidence of network security and their implementation on the ground.

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Big Data as Complementary Audit Evidence

Cited by 216 publications

References 28 publications

Exploring the conceptual structure of the auditing discipline through co‐word analysis: An international perspective

Exploring the conceptual structure of the auditing discipline through co‐word analysis: An international perspective

The changing technological environment and the future of behavioural research in accounting

The Relationship between Network Security Policies and Audit Evidence Documentation: The Accounting Information Security Culture as a Mediator

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