The Real-Time Economy has created a world of automated transaction sensing, integrated information systems, big data, and thousands of real-time applications running throughout the multiple process environments of modern business systems. Accounting and audit procedures are progressively more and more anachronistic (Titera 2013) in view of the different environments and new data quality requirements. The opaque nature of modern systems with user-configurable controls, where operations and control are not directly observed and codified rigidly, requires rethinking of the measurement and assurance processes. New approaches are needed for the assurance and data quality objectives of organizations. These new approaches to measurement and assurance have to span the areas of audit automation, continuous monitoring, and continuous assurance as well as have an overlay of solid governance. Without a responsible and coherent governance structure, even solid systems adapted or reengineered for modern circumstances are useless.

This issue contains 16 articles including...

You do not currently have access to this content.