Principles of double entry bookkeeping in an automated control environment

Developments in auditing, such as continuous auditing or compliance by design, presuppose detailed models of economic transactions, often modelled as value cycles using a money measure. Automated control environments require an automated mechanism to ensure data integrity. Data integrity is not a given, but needs to be established. From a model...

Information exchange in global logistics chains: An application for model-based auditing,

An integrated data pipeline has been proposed to meet requirements for visibility, supervision and control in global supply chains. How can data integration be used for risk assessment, monitoring and control in global supply chains? We argue that concepts from model-based auditing can be used to model the ‘ideal’ flow of money and goods, and by...