Professional Auditing Research

Professional Auditing Research

Using Continuous Audit Information in Risk-Based Internal Auditing Planning: A Survey of Internal Audit Managers and Staff

Document Type : Original Article

Authors
Seyyed Hossein Sajjadi 1
abbas Hooshmand kashani 2
1 Accounting Department, faculty management and accounting, shahid beheshti university, tehran, iran
2 PhD Student in Accounting, University of Shahid Beheshti, Tehran, Iran .
10.22034/jpar.2024.2034562.1329
Abstract
Due to the diversity of risks in the corporate environment, continuous coordination of internal audit activities is required to identify related risks. Ongoing auditing is one possible way to meet these
Due to the diversity of risks in the corporate environment, continuous coordination of internal audit activities is required to identify related risks. Continuous auditing is one possible way to meet these requirements. In particular, the internal audit activity can use the information from the Continuous audit to continuously assess the risks. Therefore, the purpose of this study is to assess the factors related to the use of continuous audit information in risk-based internal audit planning. Accordingly, the statistical population studied in this study includes managers and employees of the internal audit Department. The data for this study was collected using questionnaires, and after excluding invalid responses, the final dataset was subjected to testing. The time frame for this research corresponds to the year 2023. The findings indicate that both data analysis and the importance of the audit committee have a positive and significant impact on the use of continuous auditing information in risk-based internal audit planning. In contrast, variables such as collaboration with external auditors, fraud detection, and rolling planning do not show a significant relationship with this usage. Moreover, when considering the five key variables—data analysis, the importance of the audit committee, collaboration with external auditors, rolling planning, and fraud detection—the highest priority, according to the respondents, is attributed to data analysis. Conversely, collaboration with external auditors is considered to have the lowest level of importance in this context.
Keywords
Continuous Audit
Internal Audit
Rolling Scheduling
Audit Committee
Independent Auditor

Subjects

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