The Experts below are selected from a list of 19140 Experts worldwide ranked by ideXlab platform
William R. Titera - One of the best experts on this subject based on the ideXlab platform.
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Updating Audit Standard—Enabling Audit Data Analysis
Journal of Information Systems, 2013Co-Authors: William R. TiteraAbstract:ABSTRACT: This paper highlights the emerging role of data analysis on the financial statement Audit and its value throughout the Audit process, particularly in providing Audit evidence. It raises the issue of needed revisions to the Audit Standards, whether for public or private company Audits, and illustrates how certain of the current Audit Standards inhibit the external Auditors' use of enhanced data analysis and continuous Auditing techniques. While this whitepaper identifies a few Audit Standards that could be revised in light of current technological capabilities, it does not purport to address all needed revisions. Rather, it recommends that a more in-depth analysis be undertaken to develop needed guidance, as well as a list of recommended changes to the Standards.
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updating Audit Standard enabling Audit data analysis
Journal of Information Systems, 2013Co-Authors: William R. TiteraAbstract:ABSTRACT: This paper highlights the emerging role of data analysis on the financial statement Audit and its value throughout the Audit process, particularly in providing Audit evidence. It raises the issue of needed revisions to the Audit Standards, whether for public or private company Audits, and illustrates how certain of the current Audit Standards inhibit the external Auditors' use of enhanced data analysis and continuous Auditing techniques. While this whitepaper identifies a few Audit Standards that could be revised in light of current technological capabilities, it does not purport to address all needed revisions. Rather, it recommends that a more in-depth analysis be undertaken to develop needed guidance, as well as a list of recommended changes to the Standards.
Mcnab Duncan - One of the best experts on this subject based on the ideXlab platform.
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Improving management of gout in primary care using a customised electronic records template
'BMJ', 2018Co-Authors: Moffat Keith, Mcnab DuncanAbstract:It is known that the management of chronic gout in relation to serum uric acid (SUA) monitoring, allopurinol dosing, and lifestyle advice is often sub-optimal in primary care.[1] A quality improvement project in the form of a criterion based Audit was carried out in an urban general practice to improve the care of patients being treated for gout. Baseline searching of EMIS confirmed that management of patients with gout who were taking allopurinol was not in line with current guidance. 51(40%) had a SUA checked in the past 12 months, 88(25%) had a SUA below target level, and gout lifestyle advice was not being recorded. An Audit was performed to measure and improve the following criteria: •Monitoring of SUA levels in the past 12 months •Titration of urate lowering therapy to bring the SUA below target level •Lifestyle advice in the past 12 months An Audit Standard of 60% achievement at 2 months and 80% achievement at 4 months was set. The intervention consisted of a custom electronic template within EMIS which allowed guidance of gout management to be displayed and for data to be entered. All members of the team including GPs and administrative staff were educated regarding the intervention. This resulted in a sustained improvement over a 6 month period in all 3 components of the Audit with 112(84%) having a SUA level checked, 79(51%) having a SUA below target level and 76(57%) receiving lifestyle advice. Although the improvement did not reach the Audit Standard in 2 of the criteria it would be expected that outcomes would continue given the systems changes which have been made.Publisher PDFPeer reviewe
Duncan Mcnab - One of the best experts on this subject based on the ideXlab platform.
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improving management of gout in primary care using a customised electronic records template
BMJ Quality Improvement Reports, 2015Co-Authors: Keith Moffat, Duncan McnabAbstract:Abstract It is known that the management of chronic gout in relation to serum uric acid (SUA) monitoring, allopurinol dosing, and lifestyle advice is often sub-optimal in primary care.[1] A quality improvement project in the form of a criterion based Audit was carried out in an urban general practice to improve the care of patients being treated for gout. Baseline searching of EMIS confirmed that management of patients with gout who were taking allopurinol was not in line with current guidance. 51(40%) had a SUA checked in the past 12 months, 88(25%) had a SUA below target level, and gout lifestyle advice was not being recorded. An Audit was performed to measure and improve the following criteria: • Monitoring of SUA levels in the past 12 months • Titration of urate lowering therapy to bring the SUA below target level • Lifestyle advice in the past 12 months An Audit Standard of 60% achievement at 2 months and 80% achievement at 4 months was set. The intervention consisted of a custom electronic template within EMIS which allowed guidance of gout management to be displayed and for data to be entered. All members of the team including GPs and administrative staff were educated regarding the intervention. This resulted in a sustained improvement over a 6 month period in all 3 components of the Audit with 112(84%) having a SUA level checked, 79(51%) having a SUA below target level and 76(57%) receiving lifestyle advice. Although the improvement did not reach the Audit Standard in 2 of the criteria it would be expected that outcomes would continue given the systems changes which have been made.
David A Wood - One of the best experts on this subject based on the ideXlab platform.
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Prepare for takeoff: improving asset measurement and Audit quality with drone-enabled inventory Audit procedures
Review of Accounting Studies, 2021Co-Authors: Margaret H Christ, Scott A Emett, Scott L Summers, David A WoodAbstract:Auditors increasingly employ technologies to improve Audit quality. Using a design science approach, we examine whether using drones and automated counting software can improve Audit quality and thus financial reporting. We assess three dimensions of Audit quality—efficiency, effectiveness, and quality of documentation. We show that Auditors can perform inventory counts with these technologies much more efficiently than they can with manual techniques, decreasing count time in our study from 681 h to 19 h. Similarly, Auditors can maintain or improve Audit effectiveness, decreasing error rates in our study from 0.15% to 0.03% while providing higher-quality Audit documentation. Interviews with national-level partners and Audit Standard setters highlight impediments to adopting these technologies, including firm concerns about being first movers combined with inability of Standard setters to provide guidance at a pace that matches the pace of technological development. Collectively, our results suggest that technology-enabled inventory Audits can improve Audit quality and further regulatory guidance on using such technologies would enhance adoption.
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prepare for takeoff improving asset measurement and Audit quality with drone enabled inventory Audit procedures
2019Co-Authors: Margaret H Christ, Scott A Emett, Scott L Summers, David A WoodAbstract:Auditors increasingly employ technologies to improve Audit quality. We examine whether using drones and automated counting software can improve Audit quality and thereby improve asset measurement and financial reporting. We assess three dimensions of Audit quality—efficiency, effectiveness, and quality of Audit documentation. We provide evidence that Auditors can perform inventory counts with these technologies 1,413 to 3,474 percent more efficiently than using manual techniques, while decreasing error rates by as much as 487 percent, and providing higher-quality Audit documentation. Interviews with national-level partners and Audit Standard setters provide evidence that additional regulatory guidance in this domain would spur greater adoption of these technologies in Audits.
Marianne Ojo - One of the best experts on this subject based on the ideXlab platform.
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The Role of the IASB and Auditing Standards in the aftermath of the 2008/20091 financial crisis
European Law Journal, 2010Co-Authors: Marianne OjoAbstract:The primary argument of this article is, namely, that the International Accounting Standards Board (IASB) is in need of an enforcement mechanism. In drawing attention to this argument, the article not only proposes considerations which are to be taken into account if such a mechanism is to be implemented, but also considers areas in which the regulation of accounting Standards, and Auditing Standards in particular, have contributed to the recent global financial crisis. The impact of such Standards on pro-cyclicality, the level of success achieved by the IASB and other international Standard setters, such as the Basel Committee on Banking Supervision, relates to how effectively the accounting and Audit Standard setting is implemented. As well as identifying the importance of convergence in contributing towards high quality Audits and the consistent application of Auditing and accounting Standards, this article also acknowledges the difficulties and challenges encountered in attempting to achieve a convergent framework. Furthermore, through a discussion of recommendations aimed at consolidating transparency and accounting, as proposed by the G20, ways in which accounting Standards, and, consequently, the IASB, could contribute further to the improvement of transparency and accountability of the framework for fair value measurements and evaluation, are considered. The absence of enforcement mechanisms, the fact that enforcement actions are carried out at national level in various EU Member States, present sources of obstacles to attempts to realise the proposals put forward by the G20. This article not only attempts to address such factors, but also to suggest ways in which the IASB, to an extent, could realise its goals. Through a consideration of two enforcement regimes in Europe, namely Germany and the UK, two related Standards which govern enforcement in Europe, principles on which harmonisation of the institutional oversight systems in Europe may be achieved , and the vital contribution made by the Committee of European Securities Regulators and the European Financial Reporting Advisory Group, this article will consider how enforcement could be implemented by the IASB at a European level.