Towards Automated Analysis of Business Processes for Financial Audit

Michael Werner, Nick Gehrke, Markus Nüttgens

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

Financial audits play a significant role in the economy by safeguarding the correctness of published financial information. Public auditors face the challenge to audit financial statements that are created by increasingly integrated and complex information systems. This paper addresses a specific problem in the auditing process. A major challenge in this process is the analysis and audit of business processes that produce financial entries. We illustrate results from applying business process mining techniques to extensive test and real life data and discuss gained insights from the application for the development of automated business process analysis methods in the context of financial audits.
Original languageEnglish
Title of host publicationWirtschaftsinformatik Proceedings 2013
Number of pages15
Place of PublicationAtlanta, GA
PublisherAssociation for Information Systems. AIS Electronic Library (AISeL)
Publication date2013
Publication statusPublished - 2013
Externally publishedYes
Event11th International Conference on Wirtschaftsinformatik. WI 2013 - University of Leipzig, Leipzig, Germany
Duration: 27 Feb 20131 Mar 2013
Conference number: 11
http://www.wi2013.de/213.0.html?&no_cache=1&L=1

Conference

Conference11th International Conference on Wirtschaftsinformatik. WI 2013
Number11
LocationUniversity of Leipzig
CountryGermany
CityLeipzig
Period27/02/201301/03/2013
Internet address

Keywords

  • Process mining
  • Financial audits
  • Business process analysis

Cite this

Werner, M., Gehrke, N., & Nüttgens, M. (2013). Towards Automated Analysis of Business Processes for Financial Audit. In Wirtschaftsinformatik Proceedings 2013 Atlanta, GA: Association for Information Systems. AIS Electronic Library (AISeL).
Werner, Michael ; Gehrke, Nick ; Nüttgens, Markus. / Towards Automated Analysis of Business Processes for Financial Audit. Wirtschaftsinformatik Proceedings 2013. Atlanta, GA : Association for Information Systems. AIS Electronic Library (AISeL), 2013.
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Werner, M, Gehrke, N & Nüttgens, M 2013, Towards Automated Analysis of Business Processes for Financial Audit. in Wirtschaftsinformatik Proceedings 2013. Association for Information Systems. AIS Electronic Library (AISeL), Atlanta, GA, Leipzig, Germany, 27/02/2013.

Towards Automated Analysis of Business Processes for Financial Audit. / Werner, Michael ; Gehrke, Nick; Nüttgens, Markus.

Wirtschaftsinformatik Proceedings 2013. Atlanta, GA : Association for Information Systems. AIS Electronic Library (AISeL), 2013.

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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AB - Financial audits play a significant role in the economy by safeguarding the correctness of published financial information. Public auditors face the challenge to audit financial statements that are created by increasingly integrated and complex information systems. This paper addresses a specific problem in the auditing process. A major challenge in this process is the analysis and audit of business processes that produce financial entries. We illustrate results from applying business process mining techniques to extensive test and real life data and discuss gained insights from the application for the development of automated business process analysis methods in the context of financial audits.

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Werner M, Gehrke N, Nüttgens M. Towards Automated Analysis of Business Processes for Financial Audit. In Wirtschaftsinformatik Proceedings 2013. Atlanta, GA: Association for Information Systems. AIS Electronic Library (AISeL). 2013