The paper “ The Acceptance and Adoption of Continuous Auditing by Internal Auditors by Vasarhelyi” is a meaningful example of an article on finance & accounting. The article by Vasarhelyi et al (2012) "The acceptance and adoption of continuous auditing by internal auditors: A microanalysis" is a research article on the need for continuous auditing and continuous control monitoring. According to the authors, the research was motivated by the need to explore the impact of continuous auditing on the internal audit practice. The decision to conduct the research in the field was justified by the fact that field research provides richer and more detailed information on the issue under research (Vasarhelyi et al 2012).
AnalysisFrom the abstract of the research, one is able to find a lot of valuable information on the research on auditing. From the abstract, the authors introduce the concept of advanced technology and how it is used by organizations to gain a competitive advantage in the market. The author notes that most organizations using Information Systems process their information on a real-time basis. Thus, the article shows that auditing of information needs to be done on a continuous basis rather than on a usual periodic basis.
Secondly, Vasarhelyi, M.A et al (2012) introduce the settings of the research as leading-edge organizations where IT is widely applied. Thirdly, it also identifies the sample for the research as that staffs who apply technology in monitoring the firm’ s activities. These include IT internal auditors and internal audit management. The abstract therefore clearly shows that the research was set out to investigate whether continuous audit and monitoring have kept up with technological advances in Information Systems.
The abstract also summarizes the findings of the paper categorizing organizations as traditional audit or in the emerging stage of the audit. In the introduction, the article introduces the concept of continuous audit as the practice using technology to automate audit to the maximum possible degree. According to Vasarhelyi (2012), a continuous audit is a revolution that needs all aspects of auditing to be fundamentally rethought.
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Vasarhelyi et al (2012). The acceptance and adoption of continuous auditing by internal auditors: A microanalysis. International Journal of Accounting Information Systems 13, 267-281
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