Strategic-Systems Auditing Cases and Monograph
Business Measurement Research Program
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Department of Accountancy
University of Illinois
360 Wohlers Hall
1206 South Sixth Street
Champaign, Illinois 61820
Phone: 217-333-0857
Fax: 217-244-0902
Email: accy@illinois.edu
Funded Research Projects
Client Business Risk Identification and Integration with Audit Risk in the Context of Knowledge Management: An Exploratory Field Study
Research Grant Awarded: $50,000
Steven Salterio, University of Waterloo
Carla Carnaghan, University of Waterloo
Royston Greenwood, University of Alberta
Using a field study, this research will investigate: (1) the approaches employed by auditors to identify and assess clients' business risks (focused on strategic analysis), (2) how auditors integrate strategic analysis into audit risk assessments as well as the impact on the audit evidence gathered, (3) the role of both formal and informal knowledge management systems in supporting auditors' strategic analyses, and (4) the impact of auditors' absorptive capacity on strategic-systems audit effectiveness.
Complex Analytical Procedures and the Strategic-Systems Audit Approach
Research Grant Awarded: $50,000
Stephen K. Asare, University of Florida
Greg Trompeter, Boston College
Arnold Wright, Boston College
Two experiments will be conducted to investigate the effectiveness and efficiency implications of strategic-systems knowledge acquisition for expectation formation and hypothesis generation. These implications will be investigated within the context of analytical procedures designed to detect misstatements due both to errors and irregularities. Klein's recognition-primed decision model will provide the theoretical foundation for the study.
