Exploring perceptions of data analytics in the internal audit function

Tang, Fengchun; Norman, Carolyn Strand; Vendrzyk, Valaria P.

doi:10.1080/0144929x.2017.1355014

Cited by 41 publications

(40 citation statements)

References 19 publications

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“…In addition, our research shows that more than 60% of respondents have at their disposal certain software and that at the global level the majority of internal auditors uses spreadsheets such as MS Excel to process data (Tang et al, 2017;Banarescu, 2015;Wadhawan & Mahajan, 2016). It can be concluded that the state of internal auditing in Croatia is aligned with the global advancement of the profession.…”

Section: Resultsmentioning

confidence: 91%

“…Recent studies on the development of methodology have put in the foreground a combination of interdisciplinary fields such as analytics, technology and big data. Tang et al (2017) state that the use of data analytics should be a priority for future internal auditing. Advanced analytics are newly introduced to internal auditing, which is supported by Li et al (2018) who concluded that most companies do not use full audit analytics.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The limitations of inadequate knowledge and skills in the application of analytical procedures in internal auditing include the resistance of internal auditors and additional education costs. Tang et al (2017) in their research found that the internal audit function budget supports internal auditor training so that they acquire the needed skills and abilities to explore the efficient uses of data analytics. Some authors also point that additional specialists in the field of analytics are needed within the internal audit function, while all internal auditors should have a minimum level of expertise in data analytics concepts and tools.…”

Section: Education Knowledge and Skills Of Internal Auditorsmentioning

confidence: 99%

“…Conducted studies show that the majority of internal auditors perform their activities using MS Office Excel Tang et al (2017). concluded that most internal auditors use spreadsheet software (Excel), while the second most commonly used software is ACL.…”

mentioning

confidence: 99%

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The state of analytical procedures in the internal auditing as a corporate governance mechanism

Ježovita

Tušek

Žager

2018

mjcmi

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Internal auditors are facing today's fast-paced business conditions that challenge them to implement adequate information technology and use analytical procedures as key audit techniques. Continuous technology improvement enables the development and application of analytical procedures that were unimaginable in the time of 'paper-based auditing'. The research idea is to investigate the level and improvements of analytical procedures by internal auditors working in contemporary business conditions in Croatia. Given that the advancement of technology supports the application of complex analytics, the investigated problem includes an analysis of coherence between available technology and applied analytical procedures. The importance of using analytical procedures can be confirmed by the positive effects these procedures have in internal auditing as they increase its effectiveness and efficiency. In relation to this, the research also includes an investigation of the level, differences and complexity of analytical procedures used in internal audit in order to determine the current state of and prospects for improving the effectiveness and efficiency of internal audit activity in Croatia. Considering the purpose and possibilities of analytical procedures, the research examines the extent to which, measured by the analytical procedures application level, internal audit functions in Croatia are adapting to contemporary business conditions and changing professional processes. The research issues are analyzed by using the theoretical overview, guidance provided by professional institutions, and the importance that internal auditing has as a corporate governance mechanism. The research will provide insights into whether and to what extent the required methodology is respected

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Section: Resultsmentioning

confidence: 91%

Section: Literature Reviewmentioning

confidence: 99%

Section: Education Knowledge and Skills Of Internal Auditorsmentioning

confidence: 99%

mentioning

confidence: 99%

See 2 more Smart Citations

The state of analytical procedures in the internal auditing as a corporate governance mechanism

Ježovita

Tušek

Žager

2018

mjcmi

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“…Pesquisas futuras podem ser direcionadas para examinar o uso real e a pós-adoção de soluções de BDA pela AI, com a possibilidade de avaliar os aspectos de utilização da tecnologia em diferentes setores do mercado por meio de estudos de casos múltiplos. A Internet das Coisas (IoT), a estratégia digital e as mudanças disruptivas resultantes de BDA são inevitáveis e os auditores internos precisam aprender novas habilidades para lidar com os riscos que essas mudanças trarão para suas organizações nos próximos anos (Tang et al, 2017). Desse modo, é…”

Section: Pesquisas Futurasunclassified

Big Data Analytics e a evolução das práticas de auditoria interna: um estudo sobre os antecedentes da aceitação e adoção da tecnologia no setor privado brasileiro

Iguma¹

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Ao Deus Supremo e Fiel, porque d'Ele, por meio d'Ele, e para Ele são todas as coisas. A Ele toda honra, toda glória e todo o louvor. À minha amada esposa Adriana pelo seu apoio incondicional, companheirismo e compreensão desde a decisão de encarar o desafio do mundo acadêmico. À nossa princesinha Anne Yuri, presente de Deus, que nos trouxe muitas alegrias. Aos meus pais Taeko e Takeo pelo suporte, cuidado e exemplo de caráter. Aos meus sogros Nair e Osvaldo, e à Michele pelo apoio e incentivo. Ao Prof. Dr. Edson Luiz Riccio por ter aceitado o meu convite de orientação, pela sua atenção, direcionamento e apoio durante a minha trajetória no mestrado. Aos professores da banca do exame de qualificação, Prof. Dr. Napoleão Galegale, Prof. Dr. Washington Lopes e Prof. Dr. Adilson Yoshikumi pelas críticas, recomendações e contribuições para o enriquecimento do estudo. Aos membros da comissão julgadora de defesa da dissertação, Prof. Dr. Andson Braga de Aguiar (presidente), Prof. Dr.

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A Review of Big Data Research in Accounting

Aboagye‐Otchere

Agyenim‐Boateng

Enusah

et al. 2021

Intell Sys Acc Fin Mgmt

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Summary The impending fourth industrial revolution has enhanced the role of big data analytics in today’s business practice. Consequently, many now consider big data as the most strategic resource in business to the extent that organizations that fail to utilize it may become competitively disadvantaged. Following these developments, questions have been raised about the future of the accounting discipline, especially in terms of how it can continue to add value to organizations. While some scholars have attempted to address this question, it remains an abstract concept requiring further investigation. Therefore, this study conducts a systematic literature review to determine the status of accounting research on big data analytics and provides avenues for further studies. By conducting co‐occurrence network analysis on 52 peer‐reviewed articles published from 2010 to 2020, three broad themes emerged, entailing big data implications for accounting practice, education, and research design. A further examination of the themes revealed few empirical studies on the phenomenon, as conceptual research dominates the field. Although external audit implications of big data are widely discussed, other accounting domains (e.g., managerial accounting and taxation) are underexplored. Therefore, future studies may focus on the implications of big data on variables such as performance measurement, information governance, tax behavior, curriculum design, and pedagogy.

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Exploring perceptions of data analytics in the internal audit function

Cited by 41 publications

References 19 publications

The state of analytical procedures in the internal auditing as a corporate governance mechanism

The state of analytical procedures in the internal auditing as a corporate governance mechanism

Big Data Analytics e a evolução das práticas de auditoria interna: um estudo sobre os antecedentes da aceitação e adoção da tecnologia no setor privado brasileiro

A Review of Big Data Research in Accounting

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