Toward Modern IT Audit- Current Issues and Literature Review
Ieee account.
- Change Username/Password
- Update Address
Purchase Details
- Payment Options
- Order History
- View Purchased Documents
Profile Information
- Communications Preferences
- Profession and Education
- Technical Interests
- US & Canada: +1 800 678 4333
- Worldwide: +1 732 981 0060
- Contact & Support
- About IEEE Xplore
- Accessibility
- Terms of Use
- Nondiscrimination Policy
- Privacy & Opting Out of Cookies
A not-for-profit organization, IEEE is the world's largest technical professional organization dedicated to advancing technology for the benefit of humanity. © Copyright 2024 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.
Information System Audit Using COBIT and ITIL Framework: Literature Review
Content maybe subject to copyright Report
Citation Count
Aplicación de COBIT 2019 al gobierno y gestión de las tecnologías de información en instituciones educativas sin fines de lucro
Related papers (5), itil, cobit and efqm: can they work together, audit of information system using cobit 5.0 and itil v3 for information system of academic, attributes of it certifications aligned to organizations’ needs, operation management using itil and cobit framework, trending questions (1).
Audit and assurance in information systems can be improved by using frameworks such as COBIT and ITIL for effective governance and management of IT services.
The Future of Audit: Literature Review of Possibilities of Automation and Blockchain Technology
- Conference paper
- First Online: 06 February 2021
- Cite this conference paper
- Michal Šindelář 2 &
- Lukáš Dlask 2
Part of the book series: Springer Proceedings in Business and Economics ((SPBE))
Included in the following conference series:
- Annual Conference on Finance and Accounting
519 Accesses
The aim of this paper is to analyze the possibilities of automation and Blockchain technology in audit. Blockchain has potential to develop new audit techniques and change the view on audit procedures. Otherwise, this new technology brings new risks that has to be solved with new audit procedures. The possibilities are presented on audit of revenues. One of the benefits of Blockchain and Smart contracts can be seen in automation of tests of controls. The greatest risk that evolves with Blockchain is to ensure the integrity of Blockchain.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
- Available as PDF
- Read on any device
- Instant download
- Own it forever
- Available as EPUB and PDF
- Compact, lightweight edition
- Dispatched in 3 to 5 business days
- Free shipping worldwide - see info
- Durable hardcover edition
Tax calculation will be finalised at checkout
Purchases are for personal use only
Institutional subscriptions
Alharby, M., & van Moorsel, A. (2017). Blockchain-based smart contracts: A systematic mapping study. In Fourth International Conference on Computer Science and Information Technology , pp. 125–140. https://doi.org/10.5121/csit.2017.71011 .
Allam, Z. (2018). On smart contracts and organisational performance: A review of smart contracts through the Blockchain technology. Review of Economic & Business Studies, 11 (2), 137–156. https://doi.org/10.1515/rebs-2018-0079 .
Article Google Scholar
Appelbaum, D., Alexander, K., & Vasarhelyi, M. A. (2017). Big data and analytics in the modern audit engagement: Research needs. Auditing: A Journal of Practice & Theory, 36 (4), 1–27. https://doi.org/10.2308/ajpt-51684 .
Barreto, L., Amaral, A., & Pereira, T. (2017). Industry 4.0 implications in logistics: An overview. Procedia Manufacturing, 13 , 1245–1252. https://doi.org/10.1016/j.promfg.2017.09.045 .
Castor, A. (2017). A (short) guide to Blockchain consensus protocols. In CoinDesk. https://www.coindesk.com/short-guide-blockchain-consensus-protocols . Accessed 27 Feb 2019.
Chan, D. Y., Chiu, V., & Vasarhelyi, M. A. (Eds.). (2018). Continuous auditing . Rutgers Studies in Accounting Analytics. Bingley: Emerald Publishing Limited.
Google Scholar
Cornelius, K. B. (2018). Smart contracts and the freedom of contract doctrine. Journal of Internet Law, 22 (5), 3–11.
CoinMarketCap. (2019). All cryptocurrencies. https://coinmarketcap.com/all/views/all/ . Accessed 27 Feb 2019.
Coyne, J. G., & McMickle, P. L. (2017). Can Blockchains serve an accounting purpose? Journal of Emerging Technologies in Accounting, 14 (2), 101–111. https://doi.org/10.2308/jeta-51910 .
Dai, J., & Vasarhelyi, M. A. (2016). Imagineering Audit 4.0. Journal of Emerging Technologies in Accounting, 13 (1), 1–15. https://doi.org/10.2308/jeta-10494 .
Herlihy, M. (2019). Blockchains from a distributed computing perspective. Communications of the ACM, 62 (2), 78–85. https://doi.org/10.1145/3209623 .
Hoffman, C., & Watson, L. (2009). XBRL for dummies . Indiana: Wiley Pub.
Hwang, G., Jeongcheol, L., Jinwoo, P., & Woo Chang, T. (2017). Developing performance measurement system for internet of things and smart factory environment. International Journal of Production Research, 55 (9), 2590–2602. https://doi.org/10.1080/00207543.2016.1245883 .
Issa, H., Ting, S., & Vasarhelyi, M. A. (2016). Research ideas for artificial intelligence in auditing: The formalization of audit and workforce supplementation. Journal of Emerging Technologies in Accounting, 13 (2), 1–20. https://doi.org/10.2308/jeta-10511 .
Jerman, A., & Dominici, G. (2018). Smart factories from business, management and accounting perspective: A systemic analysis of current research. Management, 13 (4), 355–365. https://doi.org/10.26493/1854-4231.13.355-365 .
Ostern, N. (2017). Do we really want Blockchain-based accounting? Decentralized consensus as enabler of management override of internal controls . IDEAS Working Paper Series from RePEc. St. Louis. https://ideas.repec.org/p/dar/wpaper/92777.html . Accessed 27 Feb 2019.
PricewaterhouseCoopers. (2018). Establishing an effective governance model for Blockchain. https://www.pwc.com/us/en/about-us/new-ventures/pwc-blockchain-validation-solution/governance-of-blockchain.html . Accessed 27 Feb 2019.
Rozario, A. M. (2017). Reshaping the audit with blockchain and artificial intelligence: An external auditor Blockchain for close to real-time audit reporting. In Rutgers Accounting Web. http://raw.rutgers.edu/docs/wcars/41wcars2/Andrea_Rozario.pdf . Accessed 27 Feb 2019.
Rozario, A. M., & Vasarhelyi, M. A. (2018). Auditing with smart contracts. International Journal of Digital Accounting Research, 18 , 1–27. https://doi.org/10.4192/1577-8517-v18_1 .
Spath, D., Ganschar, O., Gerlach, S., Hämmerle, M., Krause, T., & Schlund, S. (2013). Studie Produktionsarbeit der zukunft – Industrie 4.0 . Stuttgart: Fraunhofer Verlag.
Tang, J., & Karim, E. K. (2017). BIG DATA in business analytics: Implications for the audit profession. CPA Journal, 87 (6), 34–39.
Vasarhelyí, M. A., Donald, W., Jr., Teeter, R. A., & Títera, W. R. (2014). Embracing the automated audit. Journal of Accountancy, 217 (4), 34–37.
Weber, R. M. (2018). An advisor’s introduction to Blockchain. Journal of Financial Service Professionals, 72 (6), 49–53.
Yoon, K., Hoogduin, L., & Zhang, L. (2015). Big data as complementary audit evidence. Accounting Horizons, 29 (2), 431–438. https://doi.org/10.2308/acch-51076 .
Download references
Acknowledgments
The article is processed as an output of a research project IGA VŠE F1/25/2019 (Market failures and their impact on audit quality in the Czech Republic).
Author information
Authors and affiliations.
Department of Financial Accounting and Auditing, University of Economics, Prague, Prague, Czech Republic
Michal Šindelář & Lukáš Dlask
You can also search for this author in PubMed Google Scholar
Corresponding author
Correspondence to Michal Šindelář .
Editor information
Editors and affiliations.
University of Economics, Prague, Czech Republic
David Procházka
Rights and permissions
Reprints and permissions
Copyright information
© 2021 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper.
Šindelář, M., Dlask, L. (2021). The Future of Audit: Literature Review of Possibilities of Automation and Blockchain Technology. In: Procházka, D. (eds) Digitalization in Finance and Accounting. ACFA 2019. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-55277-0_3
Download citation
DOI : https://doi.org/10.1007/978-3-030-55277-0_3
Published : 06 February 2021
Publisher Name : Springer, Cham
Print ISBN : 978-3-030-55276-3
Online ISBN : 978-3-030-55277-0
eBook Packages : History History (R0)
Share this paper
Anyone you share the following link with will be able to read this content:
Sorry, a shareable link is not currently available for this article.
Provided by the Springer Nature SharedIt content-sharing initiative
- Publish with us
Policies and ethics
- Find a journal
- Track your research
IMAGES
VIDEO
COMMENTS
In wr iting this literature review, the information. technology audit method used is I TIL, and COBI T as guidelines for corporate. information tec hnology g overnance and audit processes. In its ...
The information audit (IA) has been defined by Buchanan and Gibb (2007) as "a holistic approach to identifying and evaluating an organization's information resources and information flow, in order to facilitate effective and efficient information systems" (p. 171). The IA provides "an invaluable structure of knowledge" in formulating ...
The search protocol used for the literature review is summarized in Table 1. It was realized in 2018, using online search tools like Academic Search Complete, Google Scholar, and Proquest. ... Merhout JW. An analysis of attributes that impact information technology audit quality: a study of IT and financial audit practitioners. Int J Account ...
There are many works in the general audit literature that consider individual audit quality attributes (Rudolph and Welker, 1998, Hun-Tong and Kao, 1999, Ghosh and Moon, 2005, Carey and Simnett, 2006, El-Masry and Hanson, 2008, Arena and Azzone, 2009); however, there are two primary works which review the literature and identify measurable ...
A Systematic Literature Review for New Technologies in IT Audit. Information technology (IT) audit focuses on auditing companies' IT systems and processes. The systems companies use are getting more complicated and better inu0002tegrated. This means more data also needs to be audited. An IT audit often requires performing repetitive manual ...
Beyond the core attributes—documentation and functionality—that necessitate scrutiny during a technology audit, it is also worth incorporating the ideas of the ACM3 study. ... "Systematic literature reviews in software engineering - A systematic literature review," Information and Software Technology, vol. 51, no. 1. Elsevier B.V., pp ...
This paper reviews the literature on IT audit that published during the period 2008-2017. The literature review identified 46 papers that presented an issue in IT audit practices. The study results suggest that the current issues in IT audit can be classified into 5 main issues, there are benefits of IT audit, IT audit guidance, IT audit object ...
With respect to being adaptable to modern technology, prior literature touts many audit benefits, including using big data analytical techniques to enhance the collection of sufficient and appropriate audit evidence and to identify unusual transactions, patterns and trends in financial data (Eilifsen et al., 2020; Yoon et al., 2015).
For example: audit software allows auditors to enter the balances of the accounts and related adjustments and it automatically generate the adjusted trial balance and financial statements in no time. ... The Role of Information Technology in Accounting: Literature Review. In: Alareeni, B., Hamdan, A., Elgedawy, I. (eds) The Importance of New ...
In writing this literature review, the information technology audit method used is ITIL, and COBIT as guidelines for corporate information technology governance and audit processes. In its use, the ITIL framework is designed to ensure a flexible, coordinated and integrated system for the effective governance and management of IT services.
Literature review methodology. 1. Introduction. The information audit (IA) has been defined by Buchanan and Gibb (2007) as "a holistic approach to identifying and evaluating an organization's information resources and information flow, in order to facilitate effective and efficient information systems" (p. 171).
INFORMATION AND COMMUNICATIONS TECHNOLOGY LITERATURE REVIEW blockchain is of great interest to businesses legitimately involved in the Bitcoin ecospace (Perdana, Robb, and Birt 2016). With its origins in distributed databases, the blockchain's data is partitioned into blocks, continuously adding new sequential blocks of data (Swan 2015). The ...
An improved model of audit information system supporting the recent audit trends (enhancing the efficiency of work process and consulting) is proposed in order to draw out a more strategic improvement plan after analyzing the status quo of public firms' internal audits and their problems through the review of existing studies and literature about the theme.
Frost RB, Choo CW (2017) Revisiting the information audit: a systematic literature review and synthesis. ... Crossref. Google Scholar. Griffiths P (2010) Where next for information audit?. Business Information Review 27(4 ... Information marketing, Social and ethical issues in information technology, Information technology training design and ...
According to Mahzan and Lymer (2008), the recommendations of professional accounting bodies are among the factors auditors follow to adopt auditing software. 2.3. Literature review. Several streams of research examine the acceptance of information technology in the audit by employing the well-known technology acceptance models.
An information asset is a body of information that can be used to meet the organization objectives. Examples of information assets in organizations are documentation of previous information audit (IA), registers, configuration management databases or softwares, emails, spreadsheets, images, records, books, journals, dictionary, directory, almanacs and year books, handbooks and manuals, serials ...
This paper is designed to 1) synthesize information and literature found in areas from distance learning to operations management, and 2) present a framework for applying this technology to the remote audit. The literature includes items from remote audit, continuous audit, virtual organization theory, distance technology, and value proposition.
Industry 4.0, which was introduced at the Hanover Fair in 2011 (Barreto et al. 2017) and is associated with digitization, automation, the Internet of Things, and the Internet of Service, is considered to be another industrial revolution.In this context, it is also possible to talk about the term or generation of Audit 4.0, introducing an even deeper involvement of technologies throughout the ...
This study investigates the determinants of adoption of computer-assisted audit tools and techniques (CAATTs) among internal audit units in Ghana. Data for the study was drawn from a sample of 75 private and state-owned enterprises through questionnaires while the partial least squares structural equation modeling was employed to analyze and ...
The importance of information technology (IT) auditing has grown with increased reliance on IT for business operations and new regulations regarding the assurance of IT for these operations. ... Revisiting the information audit: A systematic literature review and synthesis. International Journal of Information Management, Volume 37, Issue 1 ...
KPMG audit clients and their affiliates or related entities. Learn about us: kpmg.com Richard Knight Technology Internal Audit Solution Coleader KPMG LLP T: 703-286-8393 E: [email protected] Matt Tobey Technology Internal Audit Solution Coleader KPMG LLP T: 480-459-3601 E: [email protected] Ibrahim Beytulov Director, Technology Risk KPMG LLP T ...
• Review requirements in GASB literature related to public-private partnerships and subscription-based information technology arrangements. • Identify the purpose and requirements of other Statements that have been issued by GASB and are still being implemented by governments.
Based on a systematic literature review, the data for this study came from a review of 35 documents between 2019 and 2024. ... cultural identity expression; and (5) consumer behaviour and technology. These themes illuminate that souvenirs are not only cultural ambassadors, but also play a critical role in economic development, cultural ...