AUDIT ANALYTICS AUDIT

AUDIT ANALYTICS AND CONTINUOUS AUDIT:LOOKING TOWARD THE FUTURE
which they would be useful in multivariate ratio analysis in auditing and
how one would interpret results is an open question that would benefit
from theoretical and applied research. Questions such as what ratios in
what industries are of most audit interest and how they can best be used
would also benefit from such research.
REFERENCES
Alloway, T., and A. Massoudi. "Goldman Sachs Leads $15m Financing of Data
Service for Investors." Financial Times (November 24, 2014).
Behrens, J. "Principles and Procedures of Exploratory Data Analysis."
Psychological Methods vol. 2, no. 2 (1997): 131–160.
Box, G., and N. Draper. Empirical Model-Building and Response Surfaces.NewYork:
Wiley, 1987.
Friedman, L. "IBM’s Watson Supercomputer May Soon Be the Best Doctor in the
World. Business Insider (April 22, 2014), www.businessinsider.com/ibmswatson-may-soon-be-the-best-doctor-in-the-world-2014-4.
Jans, M., M. G. Alles, and M. A. Vasarhelyi. "A Field Study on the Use of Process
Mining of Event Logs as an Analytical Procedure in Auditing." The Accounting
Review vol. 89, no. 5 (September 2014): 1751–1773.
Kelly, K. "The Three Breakthroughs that Have Finally Unleashed AI on the
World." Wired (October 2014),
www.wired.com/2014/10/future-of-artificial-intelligence/.
Mayer-Schöenberger, V., and K. Cukier. Big Data: A Revolution that Will Transform
How We Live, Work, and Think. New York: Eamon Dolan/Houghton-Mifflin
Harcourt, 2013.
Modha, D. (interview). "A computer that Thinks." New Scientist (November 2014).
Provost, F. and T. Fawcett. Data Science for Business. Sebastopol, CA: O’Reilly
Media. 2013.
Starkweather, J. "Multivariate Outlier Detection with Mahalanobis Distance."
(2013), www.unt.edu/rss/class/Jon/Benchmarks/Moutlier_JDS_July2013.pdf.
Tan, P., M. Steinbach, and V. Kumar. Introduction to Data Mining. Boston, MA:
Pearson Education, Inc. 2006.
Titera, W. "Updating Audit Standards: Enabling Audit Data Analysis." Journal of
Information Systems, 27, 1, 325–331, Spring, 2013. 2013.
Tukey, J. Exploratory Data Analysis. Reading, MA: Addison-Wesley. 1977.
Upbin, B. "IBM’s Watson Gets Its First Piece of Business in Healthcare." Forbes
(February 8, 2013), www.forbes.com/sites/bruceupbin/2013/02/08/ibmswatson-gets-its-first-piece-of-business-in-healthcare/.
Wang, T. and R. Cuthbertson, "Eight Issues on Audit Data Analytics We Would
Like Researched." Journal of Information Systems,
dx.doi.org/10.2308/isys-509552015.
Zimek, A., R. Campello, and J. Sander. "Ensembles for Unsupervised Outlier
Detection: Challenges and Research Questions." SIGKDD Explorations. (2014).
(SIGKDD is the Association for Computing Machinery’s Special Interest Group
on Knowledge Discovery and Data Mining.)
128