Continuous Auditing in ERP System Environments Research Paper

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Auditing in ERP System Environments

Continuous auditing is viewed as providing vital benefits to organizations. They include minimizing errors in accounting, timely organizational communication and analysis, as well as increased audit effectiveness and efficiency. The article Continuous Auditing in ERP System Environments: The Current State and Future Directions by John R. Kuhn explain the benefits of continuous auditing. It has further offered a discussion about the technical elements of implementing continuous auditing technology and examined the psychological effects of continuous auditing on managers. The article introduces the concept of continuous auditing by focusing on past, present, and future trends of the actual practice of continuous auditing.

The puzzling journal has been motivated by the adoption of continuous auditing. Based on empirical studies, the article has surveyed results of previous studies conducted by characterized by the implementation of continuous auditing standards as pilot tests and experimental than full-blown adoption. Given the possible benefits associated with continuous auditing, the article has mentioned some of them. It has gained insight into the current state of affairs. It analyzes the existing surveys of industry practitioners' responses and their internal audit practices from the information systems perspective. It provides a theoretical framework for assessing the usage of technologies (Kuhn, 2010). In the article, I find that the UTAUT modality describes a significant amount of differences in the intent to adopt continuous auditing. Notably, I find that the perceptions of social influence and effort expectancy are remarkable predictors of the intentions of an internal auditor to adopt while facilitating conditions and performance expectancy are not.

The Traditional Audit

The article establishes a contractual agreement between the auditee and auditor.

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This enables the audit agreement to proceed with a formulation and risk assessment of the audit plan delineating the objectives and scope of the audit. Therefore, the auditors are allowed to gather and analyze evidence to form opinions regarding the internal controls and reliability of data given by the management. During engagement, auditors furnish formal reports expressing their opinions.

This approach is a reflection of the 20th century modality whereby there were significant time's delays and high costs associated with information processing, collection and reporting (Kuhn, 2010). These historical delays and costs are not the norm today. In today's modern business realm, often, transactions are entered and grouped in a way that provides almost immediate feedback to relevant stakeholders. In addition, practitioners and academicians alike acknowledge this shift in information and developed various solutions that appropriately reflects today's business environment.

Automating the Audit

Historically, organizations accustomed to manual procedures of auditing benefited from pursuing the future audits in an incremental way. This approach would result in conducting pilot studies to validate the possible benefits of audit automation. Change resistance is a universal phenomenon hence a careful and gradual advancement requires a more tractable approach. Advancing forward might ultimately lead to….....

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"Continuous Auditing In ERP System Environments" (2013, September 29) Retrieved June 13, 2026, from
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