This study explores the adoption of robot process automation (RPA) technology among micro and small audit entities. Whereas studies on RPA adoption have focused on the Big 4, this study contributes by examining (1) micro and small independent audit firms and (2) small, provincial offices affiliated with large audit firms such as the Big 4. The contribution also includes insight into the autonomy of RPA adoption of these small, provincial-affiliated offices. By drawing upon innovation adoption theory, we analyze interview data concerning partners’ and managers’ assessments of adoption decisions. The nonadoption of RPA is explained by three lags: a standardization–regulation lag, a supply side (auditor) lag, and a demand side (audit client) lag. The small, provincial offices affiliated with large audit firms experience autonomy regarding RPA adoption when they carry out audit assignments on their local clients: “Big 4 auditor” is not a homogenous concept in this respect.
{"title":"Adoption of RPA Technology in Micro and Small Audit Entities","authors":"Tom Erik Wiklund, Even Fallan","doi":"10.2308/jeta-2023-036","DOIUrl":"https://doi.org/10.2308/jeta-2023-036","url":null,"abstract":"\u0000 This study explores the adoption of robot process automation (RPA) technology among micro and small audit entities. Whereas studies on RPA adoption have focused on the Big 4, this study contributes by examining (1) micro and small independent audit firms and (2) small, provincial offices affiliated with large audit firms such as the Big 4. The contribution also includes insight into the autonomy of RPA adoption of these small, provincial-affiliated offices. By drawing upon innovation adoption theory, we analyze interview data concerning partners’ and managers’ assessments of adoption decisions. The nonadoption of RPA is explained by three lags: a standardization–regulation lag, a supply side (auditor) lag, and a demand side (audit client) lag. The small, provincial offices affiliated with large audit firms experience autonomy regarding RPA adoption when they carry out audit assignments on their local clients: “Big 4 auditor” is not a homogenous concept in this respect.","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141690780","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Melissa A. Dardani, Yu Gu, Hanxin Hu, Ann F. Medinets, Dan Palmon, Miklos A. Vasarhelyi
This think piece looks at the traditional reporting for intangibles and concludes that the measuring and reporting of intangibles needs a structural rethinking to incorporate 21st-century technology involving new forward-looking information and methods to provide information that is consistent with current capabilities (e.g., apps, bots, multiple databases, artificial intelligence). Traditional measurement methods, first published by Fra Luca Pacioli, satisfied business needs for centuries, but they limit modern external stakeholders’ ability to evaluate and compare firms’ current performance or predict their future performance. The traditional concepts of articulation, consolidation, and valuation of intangibles are inadequate, and sometimes blatantly misleading. Further, empirical research has ignored the emergence of new circumstances in business operations and accounting technology. The goal of this think piece is to discuss the traditional backward-looking approach to financial reporting for intangibles and to outline some considerations for developing a new system.
{"title":"Rethinking the Standard-Setting Process: The Role of Intangibles","authors":"Melissa A. Dardani, Yu Gu, Hanxin Hu, Ann F. Medinets, Dan Palmon, Miklos A. Vasarhelyi","doi":"10.2308/jeta-2024-001","DOIUrl":"https://doi.org/10.2308/jeta-2024-001","url":null,"abstract":"\u0000 This think piece looks at the traditional reporting for intangibles and concludes that the measuring and reporting of intangibles needs a structural rethinking to incorporate 21st-century technology involving new forward-looking information and methods to provide information that is consistent with current capabilities (e.g., apps, bots, multiple databases, artificial intelligence). Traditional measurement methods, first published by Fra Luca Pacioli, satisfied business needs for centuries, but they limit modern external stakeholders’ ability to evaluate and compare firms’ current performance or predict their future performance. The traditional concepts of articulation, consolidation, and valuation of intangibles are inadequate, and sometimes blatantly misleading. Further, empirical research has ignored the emergence of new circumstances in business operations and accounting technology. The goal of this think piece is to discuss the traditional backward-looking approach to financial reporting for intangibles and to outline some considerations for developing a new system.","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139966475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Wan Nurul Basirah Wan Mohamad Noor, Siti Noor Azmawaty Abd Razak, Yusri Huzaimi Mat Jusoh, Siti Jeslyn Hasan
The tremendous development of IT requires auditors to be equipped with IT knowledge and tools to navigate the rapid development of e-government in public sectors, supporting the nation’s transformation agenda. However, the audit technology used by public sector auditors remains underutilized. This study examines Malaysian public sector internal auditors’ readiness for digital auditing. Questionnaires were distributed to 149 internal auditors, and the data were analyzed using PLS-SEM. Findings revealed that only technological and environmental factors were found to have a significant influence on the readiness of internal auditors to utilize digital auditing in their jobs, whereas organizational factors had no significant influence. The findings are anticipated to enrich the body of knowledge on the readiness of Malaysian public sector internal auditors to embrace digitalization as part of their routine. Understanding determinants is crucial for authorities to ensure digital economy players, including public sector internal auditors, are technology-ready for digital competencies. JEL Classifications: M42; M48.
{"title":"Navigating the Digital Landscape: Unraveling Technological, Organizational, and Environmental Factors Affecting Digital Auditing Readiness in the Malaysian Public Sector","authors":"Wan Nurul Basirah Wan Mohamad Noor, Siti Noor Azmawaty Abd Razak, Yusri Huzaimi Mat Jusoh, Siti Jeslyn Hasan","doi":"10.2308/jeta-2022-072","DOIUrl":"https://doi.org/10.2308/jeta-2022-072","url":null,"abstract":"\u0000 The tremendous development of IT requires auditors to be equipped with IT knowledge and tools to navigate the rapid development of e-government in public sectors, supporting the nation’s transformation agenda. However, the audit technology used by public sector auditors remains underutilized. This study examines Malaysian public sector internal auditors’ readiness for digital auditing. Questionnaires were distributed to 149 internal auditors, and the data were analyzed using PLS-SEM. Findings revealed that only technological and environmental factors were found to have a significant influence on the readiness of internal auditors to utilize digital auditing in their jobs, whereas organizational factors had no significant influence. The findings are anticipated to enrich the body of knowledge on the readiness of Malaysian public sector internal auditors to embrace digitalization as part of their routine. Understanding determinants is crucial for authorities to ensure digital economy players, including public sector internal auditors, are technology-ready for digital competencies.\u0000 JEL Classifications: M42; M48.","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139016160","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Samantha Taylor, Kara Barnard, Janine McGregor, Angela Rafuse
In business, shift happens fast. Consequently, the accounting profession, including students, must adapt early and often. Fortunately, students reported improved learning and satisfaction through interactive professional learning experiences (Riley, Eldridge, and Venkatesh 2021). This study introduces a cocreated simulation between our university and Deloitte Canada, a professional services firm. A partnership of academics, auditors, and consultants yielded this information communications technology (ICT) business combination simulation for an advanced financial accounting course. Our simulation aimed to empower learners to focus on communicating technical accounting solutions in a professional environment. We also provided a video simulation, solution, and assessment rubric.
在商界，变化发生得很快。因此，会计行业，包括学生，必须尽早和经常适应。幸运的是，学生们报告说，通过互动的专业学习体验，学习和满意度得到了提高(Riley, Eldridge, and Venkatesh 2021)。本研究引入了我校与专业服务公司德勤加拿大共同创建的模拟。学者、审计师和顾问的合作为高级财务会计课程制作了这个信息通信技术(ICT)业务组合模拟。我们的模拟旨在使学习者能够专注于在专业环境中沟通技术会计解决方案。我们还提供了视频模拟、解决方案和评估规则。
{"title":"Deloitte Canada’s Cocreated ICT Simulation for Advanced Accounting","authors":"Samantha Taylor, Kara Barnard, Janine McGregor, Angela Rafuse","doi":"10.2308/jeta-2022-020","DOIUrl":"https://doi.org/10.2308/jeta-2022-020","url":null,"abstract":"\u0000 In business, shift happens fast. Consequently, the accounting profession, including students, must adapt early and often. Fortunately, students reported improved learning and satisfaction through interactive professional learning experiences (Riley, Eldridge, and Venkatesh 2021). This study introduces a cocreated simulation between our university and Deloitte Canada, a professional services firm. A partnership of academics, auditors, and consultants yielded this information communications technology (ICT) business combination simulation for an advanced financial accounting course. Our simulation aimed to empower learners to focus on communicating technical accounting solutions in a professional environment. We also provided a video simulation, solution, and assessment rubric.","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138618443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This case builds students’ critical thinking skills and knowledge of how Big Data analytics are used in an audit. Using real local government data, students will utilize Tableau to create and analyze visualizations to answer questions regarding governmental entities’ fiscal health, search for anomalies, and make recommendations to management. These skills are increasingly necessary in today’s workplace and will also be more heavily tested on the CPA Exam beginning in 2024. Additionally, this case addresses AACSB Business Accreditation Standard 4, which calls for critical thinking and current, forward-looking curriculum, and AACSB Accounting Accreditation Standard 5, which calls for the integration of information technology into the curriculum and preparing students to adapt to emerging technologies. Evidence suggests this case improves students’ confidence with Big Data analytics and is a useful learning tool. The case is appropriate for use in data analytics, accounting information systems, governmental accounting, and auditing classes. Data Availability: Efficacy data are available from the authors.
{"title":"A Tableau Teaching Application in Financial Data Analytics to State Local Governments: A Case Study on Louisiana Local Government","authors":"Linda A. Kidwell, Jennifer M. Cainas","doi":"10.2308/jeta-2022-057","DOIUrl":"https://doi.org/10.2308/jeta-2022-057","url":null,"abstract":"This case builds students’ critical thinking skills and knowledge of how Big Data analytics are used in an audit. Using real local government data, students will utilize Tableau to create and analyze visualizations to answer questions regarding governmental entities’ fiscal health, search for anomalies, and make recommendations to management. These skills are increasingly necessary in today’s workplace and will also be more heavily tested on the CPA Exam beginning in 2024. Additionally, this case addresses AACSB Business Accreditation Standard 4, which calls for critical thinking and current, forward-looking curriculum, and AACSB Accounting Accreditation Standard 5, which calls for the integration of information technology into the curriculum and preparing students to adapt to emerging technologies. Evidence suggests this case improves students’ confidence with Big Data analytics and is a useful learning tool. The case is appropriate for use in data analytics, accounting information systems, governmental accounting, and auditing classes. Data Availability: Efficacy data are available from the authors.","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139304272","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-01DOI: 10.2308/1554-1908-20-2.i
{"title":"Covers and Front Matter","authors":"","doi":"10.2308/1554-1908-20-2.i","DOIUrl":"https://doi.org/10.2308/1554-1908-20-2.i","url":null,"abstract":"","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135705681","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
ABSTRACT The first objective of this study was to investigate whether data analytics could form a netlike knowledge structure (NKS) of learned course materials in accounting. We tested a group of students that used data analytics to solve an asset misappropriation case study and a control group that did not. We found evidence that data analytics has formed such a structure. The second objective was to investigate whether NKS was associated with academic performance. We conducted regression analyses on the NKSs and test scores. We found evidence that NKS with high connectivity and processing efficiency was associated with better accounting test scores. Overall, the findings imply that integrating data analytics into accounting courses benefits the learning of course materials by forming an NKS positively associated with academic performance. This study makes several contributions, including extending the work on NKS conducted predominantly in the cognitive science domain to the accounting domain.
{"title":"Data Analytics, Netlike Knowledge Structure, and Academic Performance","authors":"Freddie Choo, Kim Tan","doi":"10.2308/jeta-2022-056","DOIUrl":"https://doi.org/10.2308/jeta-2022-056","url":null,"abstract":"ABSTRACT The first objective of this study was to investigate whether data analytics could form a netlike knowledge structure (NKS) of learned course materials in accounting. We tested a group of students that used data analytics to solve an asset misappropriation case study and a control group that did not. We found evidence that data analytics has formed such a structure. The second objective was to investigate whether NKS was associated with academic performance. We conducted regression analyses on the NKSs and test scores. We found evidence that NKS with high connectivity and processing efficiency was associated with better accounting test scores. Overall, the findings imply that integrating data analytics into accounting courses benefits the learning of course materials by forming an NKS positively associated with academic performance. This study makes several contributions, including extending the work on NKS conducted predominantly in the cognitive science domain to the accounting domain.","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135963202","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Miklos A. Vasarhelyi, Kevin C. Moffitt, Trevor Stewart, Dan Sunderland
ABSTRACT This commentary discusses how large language models like ChatGPT hold transformative potential in accounting, including education, research, and professional auditing. In the educational sphere, the advent of ubiquitous artificial intelligence (AI) tutors could potentially solve Bloom’s Two Sigma Problem, heralding a new era of personalized learning. Accounting research stands to benefit immensely, particularly in tasks that rely heavily on natural language processing. In the professional auditing domain, the capabilities of ChatGPT to create broad outlines of risks inherent in certain accounts and assertions can enable engagement teams to create more risk-responsive audit plans. However, although the advantages are remarkable, they are accompanied by potential pitfalls that necessitate cautious navigation. Even with these challenges, AI’s impending transformation in personal and professional lives cannot be overlooked, as accounting stands on the brink of significant change. JEL Classifications: M40; M42; O33.
{"title":"Large Language Models: An Emerging Technology in Accounting","authors":"Miklos A. Vasarhelyi, Kevin C. Moffitt, Trevor Stewart, Dan Sunderland","doi":"10.2308/jeta-2023-047","DOIUrl":"https://doi.org/10.2308/jeta-2023-047","url":null,"abstract":"ABSTRACT This commentary discusses how large language models like ChatGPT hold transformative potential in accounting, including education, research, and professional auditing. In the educational sphere, the advent of ubiquitous artificial intelligence (AI) tutors could potentially solve Bloom’s Two Sigma Problem, heralding a new era of personalized learning. Accounting research stands to benefit immensely, particularly in tasks that rely heavily on natural language processing. In the professional auditing domain, the capabilities of ChatGPT to create broad outlines of risks inherent in certain accounts and assertions can enable engagement teams to create more risk-responsive audit plans. However, although the advantages are remarkable, they are accompanied by potential pitfalls that necessitate cautious navigation. Even with these challenges, AI’s impending transformation in personal and professional lives cannot be overlooked, as accounting stands on the brink of significant change. JEL Classifications: M40; M42; O33.","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135663290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-01DOI: 10.2308/1554-1908-20-2.251
{"title":"Editorial Policy","authors":"","doi":"10.2308/1554-1908-20-2.251","DOIUrl":"https://doi.org/10.2308/1554-1908-20-2.251","url":null,"abstract":"","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135705680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
James L. Bierstaker, Danielle R. Lombardi, Wenru Wang
ABSTRACT The current data environment spurs technological and business analytics innovations in both practice and research. Many large consulting firms invest heavily in technology to help business analysts develop skills in extracting and visualizing useful information from large sets of data. The purpose of this teaching case is to provide students with practice in data analytics techniques and consider computer-based systems in the revenue cycle. Students will read a teaching case based on a real grocery store chain, referred to as WILDCAT Grocery Stores, Inc.; evaluate its systems and use of technology for the revenue cycle; and apply data analytics to a large fictional transaction dataset for information extraction. In addition, we introduce the use of Python programming and visualizations into the case analysis to highlight the efficiency of newly emerging data analytics techniques.
{"title":"WILDCAT Grocery Stores: A Case Study on Information Systems and Data Analytics","authors":"James L. Bierstaker, Danielle R. Lombardi, Wenru Wang","doi":"10.2308/jeta-2022-037","DOIUrl":"https://doi.org/10.2308/jeta-2022-037","url":null,"abstract":"ABSTRACT The current data environment spurs technological and business analytics innovations in both practice and research. Many large consulting firms invest heavily in technology to help business analysts develop skills in extracting and visualizing useful information from large sets of data. The purpose of this teaching case is to provide students with practice in data analytics techniques and consider computer-based systems in the revenue cycle. Students will read a teaching case based on a real grocery store chain, referred to as WILDCAT Grocery Stores, Inc.; evaluate its systems and use of technology for the revenue cycle; and apply data analytics to a large fictional transaction dataset for information extraction. In addition, we introduce the use of Python programming and visualizations into the case analysis to highlight the efficiency of newly emerging data analytics techniques.","PeriodicalId":45427,"journal":{"name":"Journal of Emerging Technologies in Accounting","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136055136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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