AUDIT ANALYTICS AUDIT

TABLE OF CONTENTS
Preface
Acknowledgements
Author Biographies
Page
Part I Essays
1 Continuous Auditing—A New View 3
Nancy Bumgarner, Miklos A. Vasarhelyi
1. Introduction—Continuous Assurance the Theory 3
1.1 Continuous Process Auditing 4
1.2 Conceptualizing Various Elements of CA 6
1.3 Guidance on Continuous Auditing 13
2. The Elements of Continuous Assurance Revisited 13
2.1 Continuous Auditing Versus Continuous
Monitoring 13
2.2 The Elements of Continuous Audit 17
3. Information Technology and the Auditor 19
3.1 Evolving Database Audit Conceptualization 22
3.2 Incremental Technological Change 23
3.3 The Audit Data Standard 24
4. The New Continuous Audit 26
4.1 Assurance Level 28
4.2 Time Focus 29
4.3 Time Interval 30
4.4 Data Source 31
4.5 Chosen Procedure 32
4.6 Choice of Assertion 33
4.7 Analytic Method 33
4.8 Assurance Entity 35
5. Questions Regarding Some Auditing Concepts
in the Modern Environment 35
5.1 Stochastic Opinion Rendering in a World
of Statistics 36
5.2 New Audit Products 37
5.3 Management, Control, Assurance, and
Other Meta-Processes Confusion of Concepts 38
5.4 Independence 39
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