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.

The Possible Effects of Organization’s Corporate Accountability Sense on Continuous Auditing: The Case of ISE 100

2014 ◽  
Vol 3 (2) ◽  
pp. 287
Author(s):  
Ganite Kurt ◽  
Beyhan Marsap ◽  
Tugba Ucma Uysal
Keyword(s):  
Stock Exchange ◽  
Corporate Management ◽  
Corporate Accountability ◽  
Continuous Auditing ◽  
Istanbul Stock Exchange ◽  
The Future

The applicability of continuous auditing, which is deemed as the future of auditing, in terms of enterprises can be presented depending upon corporate management mentality of enterprises. As for the corporate management mentality within enterprises, it can be presented based on accountability which is a concept involving internal and external considerations. Consequently, the aim of this study is to identify the potential impacts of the corporate accountability mentality of enterprises on continuous auditing. In accordance with this purpose, a corporate accountability index has been prepared and the variables have been determined in the first place. Then, the data of the enterprises included in Istanbul Stock Exchange (ISE) 100 Index regarding these variables have been construed; thus, the potential impacts thereof on continuous auditing have been tried to be determined.  

Mixed integer programming approach for seasonal anomalies in stock markets: A case study for BIST

2018 ◽  
Vol 5 (2) ◽  
pp. 19-28
Author(s):  
Oguzhan Ahmet Arik
Keyword(s):  
Integer Programming ◽  
Mixed Integer Programming ◽  
Stock Prices ◽  
Stock Markets ◽  
Stock Exchange ◽  
Mixed Integer ◽  
Programming Approach ◽  
The Past ◽  
Istanbul Stock Exchange

This paper proposes a mixed integer programming approach for seasonal anomalies in stock markets and presents a case study for the XU030 index in the stock market of Istanbul Stock Exchange (BIST). Stock markets are significant for economies of countries all over the world. Investors get economical wealth or lose some of their investment by selling and buying stocks. Therefore, buying and selling times of stocks are so important. This paper investigates a well-known effect called as ‘Sell in May and Go Away’ by proposing a MIP approach that searches best times for buying and selling of stocks in a year. Furthermore, this paper includes a numerical example of XU030 stock prices for the past 5 years and shows that most of the XU030 stocks have seasonal anomalies.Keywords: First keyword, second keyword, third keyword, forth keyword.

scholarly journals Implementation and Unification of the ERP System in a Global Company as a Strategic Decision for Sustainable Entrepreneurship

2018 ◽  
Vol 10 (8) ◽  
pp. 2916 ◽  
Author(s):  
Michal Pohludka ◽  
Hana Stverkova ◽  
Beata Ślusarczyk
Keyword(s):  
Enterprise Resource Planning ◽  
Stock Exchange ◽  
Cognitive Model ◽  
Resource Planning ◽  
Planning System ◽  
Erp System ◽  
Enterprise Resource Planning System ◽  
Global Companies ◽  
Global Company

This article considered factors connected with the implementation and unification of an ERP (Enterprise Resource Planning) system, and their influence on the sustainable development of global companies. It showed a cognitive model on such impact and gave an example in the form of a case study of a global company listed on the NASDAQ Stock Exchange. The basic strategic objectives of each organization include long-term growth and sustainability. In a growing competitive environment, it is essential to manage the company effectively. This can be achieved provided that the company’s organizational structure and operations are properly set from the point of view of the ERP system. The research results were aimed at creating the generalized process of the ERP system’s gradual implementation, to make the development of an organization progressive. The paper was focused on describing the implementation and unification of the Enterprise Resource Planning System, in a global company listed on the NASDAQ Stock Exchange. The aim of the paper was to monitor and evaluate, the links between Enterprise Resource Planning and Customer Relationship Management. This process is time consuming and costly. To achieve the aim, the case study was carried out in the form of an expert survey aimed at assessing the impact of the unification and implementation of the ERP system in a global company. The study included methods of systemic analysis, methods of sociological expert survey, a method of qualitative peer review, and a method for a cognitive model. It leads not only to effective management of global companies but enables the monitoring and comparison of Key Performance Indicators and the Net Promoter Score in each country, using the same parameters. The implementation of a unified Enterprise Resource Planning system leads to a significant cost reduction and has a positive impact on the financial indicators reported on the stock exchange. This study highlighted the importance of the implementation of an effective ERP system, to make the development of organizations sustainable.

Continuous Audit and Enterprise Resource Planning Systems: A Case Study of ERP Rollouts in the Houston, TX Oil and Gas Industries

2016 ◽  
Vol 13 (1) ◽  
pp. 171-179 ◽  
Author(s):  
Robin Haynes ◽  
Chunyan Li
Keyword(s):  
Enterprise Resource Planning ◽  
Oil And Gas ◽  
Resource Planning ◽  
Erp Systems ◽  
Continuous Auditing ◽  
Knowledge Application ◽  
Erp System ◽  
Job Experience ◽  
Fraud Risk

ABSTRACT The use of enterprise resource planning software has become an essential part of conducting business for many small, medium, and large companies. This paper presents a case study of accounting information specialists in different divisions of the same conglomerate in the energy industry in Houston, Texas that engaged in anti-fraud audits following the rollout of enterprise resource planning (ERP) systems by implementing continuous auditing processes (CA). The results indicate that the adoption of an ERP system has a significant impact on the efficiency, fraud risk reduction, knowledge application, as well as the credibility of the auditing team. The most important factors for the successful use of fraud mitigation techniques rely on ERP systems, which have continuous audit functions. The major and minor themes that emerge from the results of this case study are thoroughly dissected and discussed. Future studies of the use of ERP and CA systems to combat fraud should examine how auditing teams can apply superior fraud detection through preparation and training, education, and on-the-job experience.

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.

Laser Voltage Imaging: A New Perspective of Laser Voltage Probing

2010 ◽  
Author(s):  
Yin S. Ng ◽  
Ted Lundquist ◽  
Dmitry Skvortsov ◽  
Joy Liao ◽  
Steven Kasapi ◽  
...  
Keyword(s):  
Failure Analysis ◽  
Functional Failure ◽  
Voltage Imaging ◽  
Laser Probing ◽  
New Perspective

Abstract Laser Voltage Imaging (LVI) is a new application developed from Laser Voltage Probing (LVP). Most LVP applications have focused on design debug or design characterization, and are seldom used for global functional failure analysis. LVI enables the failure analysis engineer to utilize laser probing techniques in the failure analysis realm. In this paper, we present LVI as an emerging FA technique. We will discuss setting up an LVI acquisition and present its current challenges. Finally, we will present an LVI application in the form of a case study.

Istanbul Stock Exchange

1994 ◽  
Vol 30 (3) ◽  
pp. 133-137
Author(s):  
Bahsayis Temir
Keyword(s):  
Stock Exchange ◽  
Istanbul Stock Exchange
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