The center for continuous auditing
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The Center for Continuous Auditing. at Texas A&M University. An Alliance of

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The Center for Continuous Auditing

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The center for continuous auditing

The Center for Continuous Auditing

at Texas A&M University

An Alliance of

Arizona State University, Bentley College, DePaul University, Indiana University, Rutgers University, Texas A&M University, The University of Texas, University of Maryland, University of South Florida, University of Tennessee, University of Virginia, University of Waterloo


Mission

Mission:

To develop and disseminate knowledge on audit methodologies and use of technology in the continuous audit of electronic business and government processes

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities


Objectives

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities

Objectives

  • Develop collaborative environment for research and consultation on issues of continuous auditing (both internal and external) and the transformation of the electronization of business

  • Support research in audit methodology and use of technology in the continuous auditing process and disseminate knowledge gained through research


Objectives continued

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities

Objectives(continued)

  • Provide a forum for academics, business, accounting and auditing professionals and government regulators to discuss current and future issues impacting audit methodology and standards

  • Develop instructional curricula and materials for faculty and graduate and undergraduate students


Governance and advising structure

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities

Governance and Advising Structure

  • Advisory Board composed of thought leaders in business, government, accounting profession and education

  • Board of CCA Research Fellows


Model

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities

Model

Center modeled after governance

structure of Financial Accounting

Standards Board:

  • Funding from Foundation

  • Guidance from Advisory Body

  • Research and implementation by Board


Research funding

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities

Research Funding

  • Funds will be used primarily for research, with limited amount allocated to clerical tasks

  • Seeking long-term commitment (e.g., three to five year) from firms agreeing to provide funding

  • Funding not being sought from alliance universities


Alliance universities

Arizona State University

Bentley College

DePaul University

Indiana University

Rutgers University

Texas A&M University

The University of Texas

University of Maryland

University of South Florida

University of Tennessee

University of Virginia

University of Waterloo

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities

Alliance Universities


Research model

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities

Research Model

  • Collaboration between academicians, business and practitioners

  • Research focus on practical application of methodology and

  • Proven methodology disseminated to business community and practice


Potential research topics

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities

Potential Research Topics:

  • The role of continuous auditing on investing and lending decisions

  • The use of intelligent agents and continuous auditing processes to predict potential business failures

  • The use of intelligent agents in developing artificial intelligence to recognize changing patterns in transactions as they are being processed


Potential research topics continued

The Center for Continuous Auditing

at Texas A&M -- An Alliance of Universities

Potential Research Topics (continued):

  • The use of embedded audit modules that test the controls for all transactions as they are processed with abnormalities being compiled in a database accessible only to the auditors

  • The increased need for audit assurance “on demand” and/or an increased frequency of auditor reporting on information

  • The need for auditors’ skill sets to include a greater degree of technological proficiency


Questions

Questions?


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