E-Collaboration and the Financial Auditor

E-Collaboration and the Financial Auditor

Vincent J. Shea (Kent State University, USA)
Copyright: © 2008 |Pages: 5
DOI: 10.4018/978-1-59904-000-4.ch025
OnDemand PDF Download:
No Current Special Offers


The purpose of this article is to address how accounting firms can adopt e-collaboration within their organizations. Examples of current e-collaboration adoption by accounting firms are examined. This article will also suggest how e-collaboration could benefit the audit function by making it more efficient and effective. A discussion of how e-collaboration research can be applied to audit research is explored as well as how audit research can help e-collaboration research.

Key Terms in this Chapter

Certified Public Accountant (CPA): Qualified accountants who are licensed to provide audited opinions on financial statements.

Audit Software: A tool used by audit firms to complete the audit. The software allows auditors to perform analytical tasks and to document the controls and procedures of the client.

Sarbanes-Oxley Act of 2002 (SOX): A federal law that enhances auditor impendence and corporate responsibility. In addition, it requires firms to provide additional financial disclosures and provides additional powers and jurisdiction to the Securities and Exchange Commission.

Electronic Workpapers: A paperless version of documenting the auditor’s work.

E-Review: The process in which the auditor receives and responds to audit review notes via e-mail.

Financial Audit: The examination of the financial statements by an independent third party to provide an opinion on whether or not the financial statements are complete and accurate.

Workpapers: The process used by auditors to document the auditors’ work. It is the key documentation process of the audit.

Complete Chapter List

Search this Book: