General theory of cost minimization strategies of continuous audit of databases

The minimization of cost is an important issue in the domain of continuous auditing (CA) research [Pathak Jagdish, Chaouch Ben, Sriram Ram, 2005. Minimizing cost of continuous audit: Counting and time dependent strategies. Journal of Accounting and Public Policy 24(1), 61–75]. This cited study of co...

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Bibliographic Details
Published in:Journal of accounting and public policy 2007-09, Vol.26 (5), p.621-633
Main Authors: Pathak, Jagdish, Nkurunziza, Severien, Ahmed, S. Ejaz
Format: Article
Language:English
Subjects:
Accounting methods
Accounting theory
Algorithms
Auditing
Audits
Continuous audit
Cost minimization
Database auditing
Mathematical models
Minimization of cost
Strategic planning
Studies
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Summary:The minimization of cost is an important issue in the domain of continuous auditing (CA) research [Pathak Jagdish, Chaouch Ben, Sriram Ram, 2005. Minimizing cost of continuous audit: Counting and time dependent strategies. Journal of Accounting and Public Policy 24(1), 61–75]. This cited study of continuous audit of databases motivated us to work further and provide a general, complete and precise solution. In the present study, we propose an efficient algorithm in terms of long term cost for counting and periodic strategies of continuous auditing as suggested by Pathak et al. study. The improved algorithms contribute to accounting literature in general and continuous audit in particular in the form of general theory proposed for minimizing the cost of CA of databases.
ISSN:0278-4254
1873-2070
DOI:10.1016/j.jaccpubpol.2007.08.005