Towards Automated Analysis of Business Processes for Financial Audit

Michael  Werner; Nick Gehrke; Markus Nüttgens

Towards Automated Analysis of Business Processes for Financial Audit

Michael Werner, Nick Gehrke, Markus Nüttgens

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-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 language	English
Title of host publication	Wirtschaftsinformatik Proceedings 2013
Number of pages	15
Place of Publication	Atlanta, GA
Publisher	Association for Information Systems. AIS Electronic Library (AISeL)
Publication date	2013
Publication status	Published - 2013
Externally published	Yes
Event	11th International Conference on Wirtschaftsinformatik. WI 2013 - University of Leipzig, Leipzig, Germany Duration: 27 Feb 2013 → 1 Mar 2013 Conference number: 11 http://www.wi2013.de/213.0.html?&no_cache=1&L=1

Conference

Conference	11th International Conference on Wirtschaftsinformatik. WI 2013
Number	11
Location	University of Leipzig
Country/Territory	Germany
City	Leipzig
Period	27/02/2013 → 01/03/2013
Internet address	http://www.wi2013.de/213.0.html?&no_cache=1&L=1

Keywords

Process mining
Financial audits
Business process analysis

Access to Document

https://aisel.aisnet.org/cgi/viewcontent.cgi?article=1023&context=wi2013Licence: Unspecified

Handle.net

Persistent link

Cite this

@inproceedings{1617bff287934e029b356746011a0cb1,

title = "Towards Automated Analysis of Business Processes for Financial Audit",

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.",

keywords = "Process mining, Financial audits, Business process analysis, Process mining, Financial audits, Business process analysis",

author = "Michael Werner and Nick Gehrke and Markus N{\"u}ttgens",

year = "2013",

language = "English",

booktitle = "Wirtschaftsinformatik Proceedings 2013",

publisher = "Association for Information Systems. AIS Electronic Library (AISeL)",

note = "11th International Conference on Wirtschaftsinformatik. WI 2013 ; Conference date: 27-02-2013 Through 01-03-2013",

url = "http://www.wi2013.de/213.0.html?&no_cache=1&L=1",

}

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, 11th International Conference on Wirtschaftsinformatik. WI 2013, Leipzig, Germany, 27/02/2013. <https://aisel.aisnet.org/cgi/viewcontent.cgi?article=1023&context=wi2013>

TY - GEN

T1 - Towards Automated Analysis of Business Processes for Financial Audit

AU - Werner, Michael

AU - Gehrke, Nick

AU - Nüttgens, Markus

N1 - Conference code: 11

PY - 2013

Y1 - 2013

N2 - 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.

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.

KW - Process mining

KW - Financial audits

KW - Business process analysis

KW - Process mining

KW - Financial audits

KW - Business process analysis

M3 - Article in proceedings

BT - Wirtschaftsinformatik Proceedings 2013

PB - Association for Information Systems. AIS Electronic Library (AISeL)

CY - Atlanta, GA

T2 - 11th International Conference on Wirtschaftsinformatik. WI 2013

Y2 - 27 February 2013 through 1 March 2013

ER -