Internal Control Evaluation: A Computational Model of the Review Process.

Abstract

Abstract This study investigated the strategies by which experienced auditors evaluate systems of internal accounting controls. The research method included: (1) observations, using concurrent protocols, of a small sample of practicing auditors performing the internal control evaluation task; (2) extensive interviews with one of the practicing auditors; (3) formalization of auditor processes as a computational model; and (4) validation of the model. The simulation model was implemented as an expert system and tuned to one auditor. The model output consists of a trace of the model processing including: (1) recommendations for specific controls to be compliance tested; and (2) a list of management letter issues. The model was tested using new cases and cross-validated against the performance of additional auditors performing the task. A separate group of auditors rated the performance of the computational model and the additional auditors performing the validation task.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 62 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.