The Center for Continuous Auditing An Alliance of Arizona State University, Bentley College, DePaul University, Indiana University, Rutgers University, Texas A&M University, The University of Texas, University of Maryland, University of South Florida, University of Tennessee, University of Virginia, University of Waterloo at Texas A&M University

Mission: Mission: To develop and disseminate knowledge on audit methodologies and use of technology in the continuous audit of electronic business and government processes The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

Objectives  Develop collaborative environment for research and consultation on issues of continuous auditing (both internal and external) and the transformation of the electronization of business  Support research in audit methodology and use of technology in the continuous auditing process and disseminate knowledge gained through research The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

Objectives (continued)  Provide a forum for academics, business, accounting and auditing professionals and government regulators to discuss current and future issues impacting audit methodology and standards  Develop instructional curricula and materials for faculty and graduate and undergraduate students The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

Governance and Advising Structure  Advisory Board composed of thought leaders in business, government, accounting profession and education  Board of CCA Research Fellows The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

Model Center modeled after governance structure of Financial Accounting Standards Board:  Funding from Foundation  Guidance from Advisory Body  Research and implementation by Board The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

Research Funding  Funds will be used primarily for research, with limited amount allocated to clerical tasks  Seeking long-term commitment (e.g., three to five year) from firms agreeing to provide funding  Funding not being sought from alliance universities The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

Alliance Universities  Arizona State University  Bentley College  DePaul University  Indiana University  Rutgers University  Texas A&M University  The University of Texas  University of Maryland  University of South Florida  University of Tennessee  University of Virginia  University of Waterloo The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

Research Model  Collaboration between academicians, business and practitioners  Research focus on practical application of methodology and  Proven methodology disseminated to business community and practice The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

Potential Research Topics:  The role of continuous auditing on investing and lending decisions  The use of intelligent agents and continuous auditing processes to predict potential business failures  The use of intelligent agents in developing artificial intelligence to recognize changing patterns in transactions as they are being processed The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

Potential Research Topics (continued) :  The use of embedded audit modules that test the controls for all transactions as they are processed with abnormalities being compiled in a database accessible only to the auditors  The increased need for audit assurance “on demand” and/or an increased frequency of auditor reporting on information  The need for auditors’ skill sets to include a greater degree of technological proficiency The Center for Continuous Auditing at Texas A&M -- An Alliance of Universities

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