Continuous Controls Monitoring: A Case Study

Lombardi, Danielle R.; Vasarhelyi, Miklos A.; Verver, John

doi:10.2308/jeta-51006

Cited by 11 publications

(7 citation statements)

References 2 publications

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“…Instead, facilitating conditions and social influence have similar effects among non-adopters organizations of CM. Lombardi et al (2014) developed a case study to analyse the benefits and challenges that come with implementing CM. The paper analyses the entire implementation of CM and shows the various issues, advantages and improvements involved with this process.…”

Section: Relationship Between Audit and Technologymentioning

confidence: 99%

“…By analysing Figure 9, we can observe that there is cross-contamination and similarity between the topics discussed in the clusters. One example can be represented by the paper of Appelbaum et al (2016) belonging to the blue cluster and the papers of Lombardi et al (2014) and Eulerich and Kalinichenko (2018) belonging instead to the red cluster. Despite these papers belonging to two different clusters are positioned one close to the other in the figure and all are focused on the implementation of the CA and CM.…”

Section: Relationship Between Audit and Technologymentioning

confidence: 99%

“…The difference consists in the way in which the topic is developed. Appelbaum et al (2016) consider the implementation of CA/CM tools and protocols, focusing more on the technical aspects, while Lombardi et al (2014) and Eulerich and Kalinichenko (2018) consider benefits and changes deriving from their application in the companies. One different example can be represented by the papers of Lombardi et al (2014) and Kwok and Longley (1999), which positioned into the extremities of Figure 9 consider different topics.…”

Section: Relationship Between Audit and Technologymentioning

confidence: 99%

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Exploring the relationship between audit and technology. A bibliometric analysis

Lamboglia

Lavorato

Scornavacca

et al. 2020

MEDAR

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Purpose The purpose of this study is to map the conceptual structure of the body of knowledge linking digital technologies and auditing, with the aim of contributing to a better understanding of this research stream. Design/methodology/approach This research develops a bibliometric analysis of 256 articles following two steps. The analysis of descriptive performance indicators identifies the main traits of the community of scholars debating audit and technology in terms of publications, productive countries and authors, as well as the publication’s impact of the target journals concerning specific fields, number of citations per country and most cited articles in the data set. To analyse the conceptual structure of the data set, the study performs a co-word analysis adopting social network analysis tools. Findings The results highlight a growing academic interest in the research topic, especially in the past few years. The bibliometric analysis reveals three main topics concerning the use and application of technology in the audit profession: the adoption of continuous auditing and continuous monitoring in the auditing profession; the use of software tools in the audit profession; the connections between information systems and audit. Originality/value This paper contributes to the field by providing an examination of the current state of the art of research on the use and application of technology in the audit profession as well as identifying the current gaps in the literature and, most importantly, propose a research agenda for the field.

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Section: Relationship Between Audit and Technologymentioning

confidence: 99%

Section: Relationship Between Audit and Technologymentioning

confidence: 99%

Section: Relationship Between Audit and Technologymentioning

confidence: 99%

See 1 more Smart Citation

Exploring the relationship between audit and technology. A bibliometric analysis

Lamboglia

Lavorato

Scornavacca

et al. 2020

MEDAR

View full text Add to dashboard Cite

show abstract

“…• Auditors can monitor and check the accounts in real time, instead of having to wait for the annual submission of reports, leading to reduced seasonality and continuous control monitoring (Lombardi et al, 2014).…”

Section: Conclusion and Discussionmentioning

confidence: 99%

Triple entry ledgers with blockchain for auditing

Simoyama¹,

Grigg²,

Bueno³

et al. 2017

IJAUDIT

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Legislation generally requires public agencies to account for their activity to the public. Among the many duties imposed by legislatures around the world are requirements for transparency in procurement of services, budgeting and presentation of accounts. However, agencies in countries with high corruption problems have trouble complying with the legislation, especially in smaller agencies. Moreover, it is typically infeasible for national auditors to audit all the accounts rendered, and instead, they select a small sample for audit based on their level of risk. Another problem is that the presentation of accounts occurs once a year for all agencies, leading to a seasonal demand with significant lag time between auditing and accounting period. In this study, we present a non-technical framework based on the emerging technology of blockchain that could be a solution to all these concerns. We apply it within the context of Brazilian legislation and the Federal Court of Accounts of Brazil (TCU), although the proposal is applicable across a wide range of countries facing severe corruption.

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“…Continuous monitoring and continuous auditing can improve the risk management and control activities of virtually any project (Hardy & Laslett, 2015). Although continuous auditing involves high implementation costs, the application of continuous auditing in construction projects improves accountability and risk control management (Eulerich & Kalinichenko, 2018;Lombardi et al, 2014). It decreases the possibility of project cash flow being manipulated, improves fraud deterrence due to greater oversight, strengthens vendor relations, creates more effective procedures, stabilizes risk controls, and minimizes inherent risks.…”

Section: Risk Auditsmentioning

confidence: 99%

The utilization of project risk monitoring and control practices and their relationship with project success in construction projects

Obondi¹

2022

10.5267/j.jpm

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Risk monitoring and control is often poorly implemented in construction projects because of a failure to monitor and manage identified risks. Construction companies experience significant losses due to project managers' lack of project risk monitoring and control in construction projects. Most studies have concentrated on risk identification, risk assessment, and risk analysis processes while neglecting crucial risk management processes of risk control, risk monitoring, and risk response. The lack of research on these three crucial processes highlights a gap in the literature concerning how these processes can increase the delivery of successful projects. The purpose of this study was to examine whether the utilization of project risk monitoring and control practices was related to project success in construction projects in the United States. An electronic survey instrument was used to collect data from a sample of 50 construction project managers in the Dallas-Fort Worth area in the state of Texas, in the United States. Spearman rho correlation analysis was used to examine the relationship between project risk monitoring and control practices and project success. The results of this study indicated that all project risk monitoring and control practices, including risk reassessment, risk audits, contingency reserves analysis, and risk status meetings, were significantly and positively related to project success in construction projects. One of the recommendations presented in this study was that future research should conduct the same study in developing countries to see if the study’s findings remain the same and generalizable. The study concluded that construction organizations should regularly consider the importance and usage of project risk monitoring and control practices and apply them to improve the success rate of a project.

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Continuous Controls Monitoring: A Case Study

Cited by 11 publications

References 2 publications

Exploring the relationship between audit and technology. A bibliometric analysis

Exploring the relationship between audit and technology. A bibliometric analysis

Triple entry ledgers with blockchain for auditing

The utilization of project risk monitoring and control practices and their relationship with project success in construction projects

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