Infer, Predict, and Assure: Accounting Opportunities in Data Analytics

Schneider, Gary P.; Dai, Jun; Janvrin, Diane J.; Ajayi, Kemi; Raschke, Robyn L.

doi:10.2308/acch-51140

Cited by 120 publications

(57 citation statements)

References 79 publications

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“…To really understand the sophisticated changes that are ongoing in the audit and assurance environment, researchers should understand the technologies that are being used in the audit environment – how they influence and drive the audit process (Seow, ; Curtis and Payne, ; Mahzan and Lymer, ; Vasarhelyi and Romero, ; Griffin and Wright, ; Schneider et al ., ; Vasarhelyi et al ., ). Dowling and Leech () provide an excellent background and understanding of these systems and document the functionality and scope of audit support systems in five of the six largest international accounting firms in Australia.…”

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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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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“…There is now increased recognition that corporate strategy, organisational arrangements and information systems structures defy conventional ties traditionally seen to have connected them as greater appeal is made to big data based analyses and insights (Bhimani 2015;Krahel and Titera 2015). Moreover, costing architectures themselves have altered as links between data, information and knowledge have evolved (Al-Htaybat et al 2017;Arnaboldi et al 2017;Bhimani and Willcocks 2014;Cȃpus , neanu et al 2020;Richins et al 2017;Rikhardsson and Yigitbasioglu 2018;Schneider et al 2015;Troshani et al 2019;Warren et al 2015). Information outputs in organisations have transformed so much that few if any dimensions of business or management control processes today remain divorced from digital technology applications.…”

Section: Why Digitalisation Affects Accounting Researchmentioning

confidence: 99%

“…Big data analytics using focused computational methods that prioritise speculative data mining to highlight pattern recognition and unexpected correlations can inform the accounting research domain (Appelbaum et al 2017a, b;Geppa et al 2018;Schneider et al 2015). Pitfalls nevertheless exist in that simple mining for insights overlooks questions that could be more theoretically informed and to some, the value of such investigations "remains very much open to question" (Goldthorpe 2016:81).…”

Section: Can Digitalisation Widen the Research Potential?mentioning

confidence: 99%

Digital data and management accounting: why we need to rethink research methods

Bhimani

2020

J Manag Control

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Digitalisation is having profound effects on how enterprises function. Its impact on accounting research is growing as the rise of the internet, mobile technologies and digital economy tools generate depth, breadth and variety of data that far exceed what researchers have had access to in the past. But whilst social scientists interested in organisational issues are starting to question conventional methodological approaches to the study of contexts where digital data forms are drawn upon, little such concern has been voiced in the management accounting literature. This paper seeks to explore the continued applicability of conventional methodological thinking when carrying out investigations within digital data environments to inform management accounting studies. It considers why digitalisation impacts methodological precepts, identifies how descriptive and explanatory modes of questioning which management accountants have conventionally opted for need rethinking, discusses ways in which digital data characteristics alter what can be drawn from empirical studies, and points to the potential offered within digitalised settings for methodological advance. It concludes by highlighting the necessity, where digitalisation exists, to question modes of posing questions and to reconsider the applicability of methodological precepts deployed by management accounting researchers to date.

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“…These strategic opportunities have been explored in a number of studies (Liu and Vasarhelyi ; Schneider et al. ; Tysiac ; Warren et al. ).…”

Section: Research Directionsmentioning

confidence: 99%

Big Data Opportunities for Accounting and Finance Practice and Research

Cockcroft

Russell

2018

Australian Accounting Review

106

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We examine the research opportunities for the use of 'big data' in accounting and finance. The purpose of the study is to present a snapshot of big data academic research in information systems, accounting and finance, and to highlight areas for further research in accounting and finance. The research question addressed in this work is: What are the major themes in existing research in big data and where are the resulting gaps in the accounting and finance literature? An analysis is presented of 47 accounting, finance and information systems journals from 2007-2016. We identify and sample the relevant literature to derive a taxonomy of themes. These themes are presented as a conceptual matrix in which the themes from the taxonomy are used as concepts, and the matrix identifies where they appear, and where there are potential areas for further research. Prior research in big data in accounting, finance and information systems falls into six themes. The six under-researched areas of big data in accounting and finance are risk and security, data visualisation and predictive analytics, data management and data quality. Increased research in these areas will lead to improvements in industry practices, and opportunities for cross-disciplinary research.

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Infer, Predict, and Assure: Accounting Opportunities in Data Analytics

Cited by 120 publications

References 79 publications

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

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

Digital data and management accounting: why we need to rethink research methods

Big Data Opportunities for Accounting and Finance Practice and Research

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