Continuous Auditing and Monitoring in Practice: Lessons from Metcash's Business Assurance Group

2014 ◽  
Vol 29 (2) ◽  
pp. 183-194 ◽  
Author(s):  
Catherine Anne Hardy ◽  
Glen Laslett
Keyword(s):  
Empirical Evidence ◽  
Information Technologies ◽  
Continuous Monitoring ◽  
Predictive Analytics ◽  
Theory And Practice ◽  
Continuous Auditing ◽  
Fully Integrated ◽  
Business Executives ◽  
Wholesale Distribution

ABSTRACT Advances in information technologies, multiple and diverse risks, complex and changing regulatory environments, antifraud measures, budget constraints, and the volume, velocity, and variety of data being created have renewed attention in continuous auditing (CA) and continuous monitoring (CM). Notwithstanding the growing interest, there is currently limited guidance and empirical evidence available about the practicalities of implementing CA and CM and the differences (or not) between them. In this paper, we describe a case study of how CA and CM has been interpreted and implemented at Metcash, a wholesale distribution and marketing company in Australia. The results for this organization so far are notable: over 100 automated tests performed daily, a fully integrated exception management system, advancement from data to predictive analytics, and the use of visualization technologies for enhancing reporting. However, this outcome has not been without challenges. Our aim in presenting this case is to assist senior audit and business executives with assessing the viability of adopting CA and CM by reflecting on the implementation at Metcash and to offer lessons from this organization's experiences for theory and practice.

Continuous Auditing and Continuous Monitoring in ERP Environments: Case Studies of Application Implementations

2013 ◽  
Vol 28 (1) ◽  
pp. 287-310 ◽  
Author(s):  
Kishore Singh ◽  
Peter J. Best ◽  
Mario Bojilov ◽  
Catherine Blunt
Keyword(s):  
Empirical Evidence ◽  
Computer Technology ◽  
Continuous Monitoring ◽  
Business Processes ◽  
Level Of Detail ◽  
Continuous Auditing ◽  
Modern Computer ◽  
Growing Body ◽  
Computer Based ◽  
Time Basis

ABSTRACT The need for continuous auditing and continuous monitoring (CA/CM) has increased in the global digital economy. Modern computer-based systems make it possible to measure and monitor business processes at an unprecedented level of detail in a real- or near real-time basis. This empowers auditors to become increasingly dependent on computer technology and software tools. While there is a growing body of literature related to this domain, there is a need for empirical evidence from actual implementations that document these systems in detail. In this research, we perform such an investigation on three CA/CM systems, namely SAPSECURE, CAMAP, and Bagheera-S™.

A Case Study in the Implementation of a Continuous Monitoring System

2020 ◽  
Author(s):  
Durmus ACAR ◽  
Graham Gal ◽  
Mahmut Sami OZTURK ◽  
Hayrettin USUL
Keyword(s):  
Monitoring System ◽  
Continuous Monitoring ◽  
Stock Exchange ◽  
Control Points ◽  
Continuous Auditing ◽  
Erp System ◽  
Istanbul Stock Exchange ◽  
Monitoring Activities ◽  
New Perspective

The aim of this study is to examine continuous monitoring through flowcharts at a company that trades on the Istanbul Stock Exchange. The company uses an ERP system for all its operations and continuous monitoring and continuous auditing activities. Thecompany's continuous monitoring activities are analyzed with flowcharts that were produced after examining the processes. Based on these flowcharts, existing control points of company's ERP system are explained. The flowcharts also have new control points that would be applied to the company's system. Consequently, by the means of the generated flowcharts, the continuous monitoring activities are improved and the continuous auditing system will be developed using the proposed new control points in flowcharts. Because of the integration of all firm processes such as production, purchasing, human resource and marketing and sales in one flowchart, and generation of a monitoring system, this study is important and provides a new perspective on the current literature.

FORECASTING MIGRATION FLOWS USING PREDICTIVE ANALYTICS

2020 ◽  
pp. 45-54
Author(s):  
Yulia V. Paukova ◽  
◽  
Konstantin V. Popov ◽  
Keyword(s):  
Information Technologies ◽  
Predictive Analytics ◽  
Migration Policy ◽  
Modern World ◽  
Migration Activity ◽  
Wide Range ◽  
Future Events ◽  
The Russian Federation ◽  
Migration Flows ◽  
Develop State

The present article considers the need to predict migration flows using Predictive Analytics. The Russian Federation is a center of migration activity. The modern world is changing rapidly. An effective migration policy requires effective monitoring of migration flows, assessing the current situation in our and other countries and forecasting migration processes. There are information systems in Russia that contain a wide range of information about foreign citizens and stateless persons that provide the requested information about specific foreign citizens, including grouping it on various grounds. However, it is not possible to analyze and predict it automatically using thousands of parameters. Special attention in Russia is paid to digitalization. Using information technologies (artificial intelligence, machine learning and big data analysis) to forecast migration flows in conditions of variability of future events will allow to take into account a number of events and most accurately predict the quantitative and so-called "qualitative" structure of arrivals. The received information will help to develop state policy and to take appropriate measures in the field of migration regulation. The authors come to the conclusion that it is necessary to amend existing legal acts in order to implement information technologies of Predictive Analytics into the practice of migration authorities.

scholarly journals Understanding why impact assessment fails; a case study of theory and practice from Wafi-Golpu, Papua New Guinea

2021 ◽  
Vol 89 ◽  
pp. 106582
Author(s):  
Charles Roche ◽  
Martin Brueckner ◽  
Nawasio Walim ◽  
Howard Sindana ◽  
Eugene John
Keyword(s):  
Impact Assessment ◽  
Papua New Guinea ◽  
New Guinea ◽  
Theory And Practice

scholarly journals R–R–T (resistance–resilience–transformation) typology reveals differential conservation approaches across ecosystems and time

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Guillaume Peterson St-Laurent ◽  
Lauren E. Oakes ◽  
Molly Cross ◽  
Shannon Hagerman
Keyword(s):  
Climate Change ◽  
Empirical Evidence ◽  
Climate Change Adaptation ◽  
Conservation Practices ◽  
Practical Application ◽  
Empirical Assessment ◽  
Transformative Action ◽  
Conservation Actions

AbstractConservation practices during the first decade of the millennium predominantly focused on resisting changes and maintaining historical or current conditions, but ever-increasing impacts from climate change have highlighted the need for transformative action. However, little empirical evidence exists on what kinds of conservation actions aimed specifically at climate change adaptation are being implemented in practice, let alone how transformative these actions are. In response, we propose and trial a novel typology—the R–R–T scale, which improves on existing concepts of Resistance, Resilience, and Transformation—that enables the practical application of contested terms and the empirical assessment of whether and to what extent a shift toward transformative action is occurring. When applying the R–R–T scale to a case study of 104 adaptation projects funded since 2011, we find a trend towards transformation that varies across ecosystems. Our results reveal that perceptions about the acceptance of novel interventions in principle are beginning to be expressed in practice.

scholarly journals Toward a Quantitative Approach to the Specialness of Poetry: Taking Chang Hen Ge and Chang Hen Ge Zhuan as a Case Study

SAGE Open ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 215824402110299
Author(s):  
Cong Zhang ◽  
Rui Yuan
Keyword(s):  
Empirical Evidence ◽  
Quantitative Methods ◽  
Great Influence ◽  
Quantitative Approach ◽  
Linguistic Features ◽  
Function Words ◽  
New Perspective

The differences of linguistic features between Chang Hen Ge ( Ge) and Chang Hen Ge Zhuan ( Zhuan) have rarely been mentioned in the relevant fields. Nevertheless, these differences can best highlight the specialness of poetry, for the two works were written contemporaneously by two friends on the same subject, in distinct styles. This article employs quantitative methods and indicators to provide empirical evidence for the specialness of Ge through comparisons between the two. The results show that, on the premise of expressing the same subject in different styles, Ge does have certain linguistic characteristics compared with Zhuan. Its particularity is reflected not only in fewer repeat characters and words but also in their richness, as well as in the use of more content words and fewer function words. Moreover, all of these characteristics have had a great influence on Ge’s artistic level and dissemination. Through this study, we hope that our methods provide a new perspective and shed some light on this area.

Open teaching mode of environmental design major in colleges

2021 ◽  
pp. 002072092110052
Author(s):  
Yi Zhang ◽  
Yingjiao Chen
Keyword(s):  
Environmental Design ◽  
Living Environment ◽  
Theory And Practice ◽  
Basic Material ◽  
Chinese People ◽  
Teaching Mode ◽  
Good Living ◽  
Economic Construction ◽  
Considerable Damage

With the acceleration of China's industrialized cities, economic construction and social development have caused considerable damage to the natural environment. Having a good living environment has become an urgent need of the Chinese people, who have already met their basic material needs. This paper mainly adopts the method of combining theoretical analysis with case study. From the perspective of theory and practice, this paper studies the following contents: the present situation of teaching development and reflection on the environmental design specialty in China, the characteristics of open teaching mode, combined with the setting of environmental design specialty curriculum system and the teaching conditions of related specialties in Chinese universities. This study takes the open teaching mode of ordinary colleges and universities as the research object, and takes a university in China as an example to study the open teaching mode.

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