Analysis of audit judgment through an expert system by Christopher Dungan

Cover of: Analysis of audit judgment through an expert system | Christopher Dungan

Published by College of Commerce and Business Administration, University of Illinois at Urbana-Champaign in [Urbana, Ill.] .

Written in English

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Edition Notes

Includes bibliographical references (p. 41-43).

Book details

StatementChristopher Dungan, John S. Chandler
SeriesBEBR faculty working paper -- no. 982, BEBR faculty working paper -- no. 982.
ContributionsChandler, John S., University of Illinois at Urbana-Champaign. College of Commerce and Business Administration
The Physical Object
Pagination43 p. ;
Number of Pages43
ID Numbers
Open LibraryOL25105082M

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Probabilisticaspectsofjudgment,itisgenerallyagreedthatsomeof the research to dateincorporates inits design,featureswhichmay operate as limitations onthe externalvalidity ofthe is.

process of less experienced auditors using the expert system in an environment without and with judgment bias present - the dilution effect. The first essay experimentally examines whether an expert system assists less experienced auditors in making lower.

Analysis of audit judgment through an expert system / By Christopher Dungan and John S. Chandler. Abstract. Includes bibliographical references (p. ) Publisher: [Urbana, Ill.]: College of Commerce and Business Administration, University of Illinois at Urbana-Champaign, Year: OAI Author: Christopher Dungan and John S.

Chandler. Although many auditing expert systems have been developed for individual components of the audit risk assessment process such as inherent and control risk assessment, none integrate these.

Professional judgement, particularly in primary health care, relies on being rooted in the immediacies of context. As a strikingly top-down form of expert system, Choose and Book imposes abstract and generalised protocols that have limited capacity to take account Cited by: Second, much ofthe previous research on technology diffusion and innovation is resident in the economics literature.

Thus, one approach to integrating economic-based arguments into expert systems research is to focus on technology diffusion issues.

To date there has been little research integrating economics and ES. To what degree can audit judgment be automated. – Are audit populations a large enough sample for deep learning. What can be learned from the research of the application of expert system to auditing to support the application of deep learning to auditing.

•More timely analysis through continuous auditing methodologies vs. year. of the Profession of Auditing Study of the Views of a Sample of Auditors in Iraq Abstract In the light of expert systems applications in various fields.

Step through real auditing cases one by one in this comprehensive text Auditing Cases is a comprehensive case book that focuses on each of the major activities performed during an audit. Most of the auditing cases are based on actual companies, and a number address financial reporting : $ Keywords: Expert system, Identification of casting defects 1.

Introduction The powerful tool for defect analysis is an expert system. The expert system is a computer programme simulating the decision-making process of an expert, man, solving complicated tasks. This paper presents the Expert System developed in the VSB. Efficiency. Expert systems can significantly reduce the employee time required to plan and carry out an audit.

Distribution of Expertise. Since human experts are in short supply, expert systems provide the means of using knowledge in a wide number of locations without actually having the human expert on the premises. Quality Control.

The authors evaluate research and development in the design of expert systems for the audit domain, providing an overview of the domain of expert judgment involved in the audit process. A framework used to present and analyze work to date and to guide future efforts is constructed.

T/F Expert systems are created without the assistance of a human expert. False ____ intelligence is an offshoot of AI that employs methodologies such as neural networks, fuzzy systems, and evolutionary computation to set up a system whereby the software can develop intelligence through an iterative learning process.

expert systems in EDP Auditing, External. AUditing: Academic Systems, External Auditing: Commercial Systems, Governmental Auditing and Internal Auditing. Umitations of. auditing~based.

expert systems are then discussed followed by a discussion of sources for publication and presentation of information relating to expert systems. Join from a video conferencing system or application Dial [email protected] Join by phone + US Toll Access code: Course Materials Journal Articles: See Reading List Other References: AICPA, Codification of Statements on Auditing Standards.

Any good basic Auditing book (e.g. Arens; Robertson) Pre-Requisites. Knowledge Based Expert Systems • Expertise is difficult to acquire.

Human Experts are expensive and in short supply. • Accounting/Auditing problems tend to be rule intensive and can be solved with “if-then” rules • The experts system must produce clearly identified solutions that most experts would agree with Examples of Audit Expert.

analysis, in predicting the cross-sectional variation in corporate audit fees (AF). The data was derived from a sample of unquoted UK companies operating in the electronic industrial sector. Moeller () He relates the audit of expert systems with existing audit literature, and.

THE EXPERT SYSTEM TECHNOLOGY: INFAUDITOR The LIS auditing methodology has been built around an expert system allowing to model the behavior of complex systems. It does so by representing the logistics processes, their structures, the firm's strategies and the TABLE 2 Materials management subsystem Is a substantial variety of raw materials required?Cited by: 7.

This monograph provides an introduction to the theory of expert systems. The task of medical diagnosis is used as a unifying theme throughout.

A broad perspective is taken, ranging from the role of diagnostic programs to methods of Size: 2MB. The Accounting Audit – a practical approach. Response to objections. Carmen Elena ANTON. Abstract: The audit report containing the conclusions and the analysis of the accounting professional is submitted as evidence at least 10 days prior to the hearing date.

The parties of the case study the paper elaborated by an accounting expert based. A new Professional Judgment Resource released Wednesday by the Center for Audit Quality (CAQ) describes judgment challenges auditors face—and the critical elements of an effective judgment process for auditors.

The CAQ is affiliated with the AICPA. Judgment challenges, according to the resource, are posed by. Abstract. This paper will provide the reader with an introduction to the field of financial auditing and the applicability of Decision Support Systems (DSS), Artificial Intelligence (AI), and Expert Systems (ES) to that field of by: 4.

Judgement in Audit Planning Marcus Olofsson and Bobby Puttonen School of Health and Society, Kristianstad University Keywords Structure, Professional judgement, Auditors, ISA Abstract Auditor´s professional judgement is often discussed.

The aim of this paper is to see how structure affects auditor’s professional judgement in audit planning. EXPERT SYSTEMS PROCESS This book is organized in the structure of a strategic process for developing judgment, and logical inferences, is an indisputable strength of humans.

Successful expert systems will be those problem data and searches through the knowledge base for applicable rules. An expert system is a software that uses a human expert knowledge and experience in a particular field to simulate the judgment and behavior of a human using artificial intelligence.

Characteristics of Expert System software. Recent literature suggests that expert systems techniques can o er signi cant bene ts when applied to security procedures such as risk analysis, security auditing and intrusion detection. This paper presents an example of a novel expert systems application, an Expert System for Security Auditing (AudES).

The book analyzes the judgments that business managers, investors, auditors and creditors make daily; considers the assets and liabilities of applied decision making, and makes suggestions for 4/5(1).

INTRODUCTION TO ARTIFICIAL INTELLIGENCE AND EXPERT SYSTEMS Page 2 of 14 "The 'heuristics' are mostly private, little rules of good judgment (rules of plausible reasoning, rules of good guessing) that characterize expert-level decision making in. Dungan, C.:A Model of an Audit Judgment in the Form of an Expert System.

Unpublished dissertation, University of Illinois. Unpublished dissertation, University of Illinois. Eining, M. and P. Dorr:‘The Impact of Expert System Usage on Experiential Learning in an Auditing Setting’, Journal of Information Systems (Spring), 1–Cited by: expert systems in financial planning and in financial analysis.

The Yang & Vasarhelyi paper summarizes the current application of expert systems in accounting. The areas of emphasis covered are: (a) Auditing, (b) Taxation, (c) Financial Accounting, (d) Personal Financial Planning, and (e) Management Size: KB.

Professional judgment is a skill of that an auditor gains through experienced and training. Their judgment is said to be professional if they are well versed to the condition which they are facing. Suppose there is a condition where the accountants have prepared the financial statement, and auditors are there to check if the information in the financial statement is true and not flawed by the.

State that difference between auditor’s expert and management’s expert. Auditor’s expert is a person possessing expertise in a particular field (other than accounting and auditing) whose work is used by the auditor in obtaining audit evidence.

The expert may be from firms’ personnel outsider. audit evidence by testing the accounting records, for example, through anal-ysis and review, reperforming procedures followed in the financial reporting process, and reconciling related types and applications of the same informa-tion.

Through the performance of such audit File Size: 66KB. The database contains the information used by the expert system. The data may be generated by the user, may be part of the system, or may be part of an internal or external database.

Taxation-based expert systems may use financial data of an individual or a firm, or the user may supply the information. The audit processes that would benefit the most from RPA are those that contain defined audit tasks that are repetitive and time consuming and that do not require audit judgment.

Public accounting firms may identify an audit process where RPA can add value by considering expert knowledge, such as that of revenue audit leaders, and calculating. demonstrate the use of Auditor's Assistant1 (an expert system shell to automate the belief functions propagation in networks) for planning and evaluation of an audit and to perform a sensitivity analysis of the audit program.

Also, we discuss how sensitivity analysis can help plan an efficient audit. For the. Challenge & Opportunity. One of us Neota Logicians recently joined Georgetown Law Professor Tanina Rostain and Littler Chief Knowledge Officer Scott Rechtschaffen to talk about expert systems in the law.

The forum was ILTAthis year’s edition of the vast and collegial conclave of IT, KM, PM, ED, and other mavens from around the country and the world.

The value of explanation in expert systems for auditing: An experimental investigation The value of explanation in expert systems for auditing: An experimental investigation Richard Ye, L.

Providing explanations for recommended actions is one of the most important capabilities of expert systems (ESs). The nature of the auditing domain suggests that ESs designed for audit. Forensic Audit: A forensic audit is an examination and evaluation of a firm's or individual's financial information for use as evidence in court.

A forensic audit. The purpose of this paper is to describe the results of an effort to utilize case-based reasoning CBR to model a specific audit judgment task.

To date, most efforts to develop computational models Author: L DennaEric, V HansenJames, D MeservyRayman, E WoodLarry. International Standard on Auditing (ISA)“Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures” should be read in conjunction with ISA“Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing.”.

Expert Systems for Management (ESMs) are the latest computer technology to be applied to the business world. Hundreds of cases have shown that an ESM is an invaluable decision-making tool. However, managers need to be aware of and help resolve barriers to the system's .Production System Development for Expert Systems Using a Recursive Partitioning Induction Approach: An Application to Mortgage, Commercial, and Consumer Lending Decision Sciences, Vol.

22, No. 4 Development and application of expert systems in audit servicesCited by:

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