Miklos A. Vasarhelyi

Rutgers Business School

Professor

180 University Avenue

Ackerson Hall, Room 315

Newark, NJ 07102

United States

  • Rutgers Business School

    • Email
    • Tel: 973-353-5002
    • Fax: 973-353-1283
SCHOLARLY PAPERS

32

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Top 17,485

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121

Scholarly Papers (32)

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1.

Artificial Intelligence Co-Piloted Auditing

Number of pages: 72 Posted: 13 May 2023 Last Revised: 09 Nov 2023
Hanchi Gu, Marco Schreyer, Kevin Moffitt and Miklos A. Vasarhelyi
Shanghai University of Finance and Economics, International Computer Science Institute (ICSI), Rutgers University and Rutgers Business School
Downloads 2,585 (11,579)
Citation 1

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Auditing, Machine Learning, Deep Learning, Foundation Models, ChatGPT, Bard

2.

Extracting Financial Data from Unstructured Sources: Leveraging Large Language Models

Forthcoming in the Journal of Information Systems
Number of pages: 49 Posted: 05 Oct 2023 Last Revised: 23 Jul 2024
Huaxia Li, Haoyun (Harry) Gao, Chengzhang Wu and Miklos A. Vasarhelyi
Rutgers, The State University of New Jersey - Accounting & Information Systems, Rutgers Business School at Newark and New Brunswick, Stockton University - School of Business and Rutgers Business School
Downloads 2,156 (15,508)
Citation 8

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Information processing, Unstructured data, Large Language Model (LLM), ChatGPT, PDF Reports, Design Science, Accounting information systems Extracting Financial Data from Unstructured Sources: Leveraging Large Language Models, Data extraction

3.

Remote Audit: A Research Framework

Downloads 1,889 (19,137)
Citation 8

Remote Audit: A Research Framework

Number of pages: 25 Posted: 31 Aug 2010 Last Revised: 13 Sep 2010
Ryan Teeter, Michael Alles and Miklos A. Vasarhelyi
Rutgers, The State University of New Jersey, Rutgers Business School and Rutgers Business School
Downloads 1,374 (30,469)
Citation 1

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Audit Innovation, Remote Audit, Continuous Auditing, Internal Auditing, Communication, Evidence, Virtual Teams

Remote Audit: A Research Framework

Number of pages: 25 Posted: 29 Aug 2014
Ryan Teeter, Michael Alles and Miklos A. Vasarhelyi
Rutgers, The State University of New Jersey, Rutgers Business School and Rutgers Business School
Downloads 515 (115,513)
Citation 7

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audit innovation, remote audit, continuous auditing, internal auditing, communication, evidence, virtual teams

4.

Machine Learning Improves Accounting Estimates: Evidence from Insurance Payments

Number of pages: 50 Posted: 12 Oct 2018 Last Revised: 05 May 2020
Kexing Ding, Kexing Ding, Baruch Lev, Xuan Peng, Ting Sun and Miklos A. Vasarhelyi
affiliation not provided to SSRNSouthwestern University of Finance and Economics (SWUFE) - School of Accountancy, New York University - Stern School of Business, Southwestern University of Finance and Economics (SWUFE), The College of New Jersey and Rutgers Business School
Downloads 1,879 (19,303)
Citation 24

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machine learning, accounting estimates

5.

Process Mining of Event Logs in Auditing: Opportunities and Challenges

Downloads 1,550 (25,939)
Citation 39

Process Mining of Event Logs in Auditing: Opportunities and Challenges

Number of pages: 32 Posted: 27 Mar 2010
Mieke Julie Jans, Michael Alles and Miklos A. Vasarhelyi
Hasselt University, Rutgers Business School and Rutgers Business School
Downloads 1,077 (43,565)
Citation 25

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Event Logs, Process Mining, Auditing, Continuous Auditing

Process Mining of Event Logs in Auditing: Opportunities and Challenges

Number of pages: 32 Posted: 29 Aug 2014
Mieke Julie Jans, Michael Alles and Miklos A. Vasarhelyi
Hasselt University, Rutgers Business School and Rutgers Business School
Downloads 473 (127,960)
Citation 14

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Event logs, process mining, auditing, continuous auditing

6.

Applying Large Language Models in Accounting: A Comparative Analysis of Different Methodologies and Off-the-Shelf Examples

Forthcoming in the Journal of Emerging Technologies in Accounting
Number of pages: 44 Posted: 01 Jan 2024 Last Revised: 23 Jul 2024
Huaxia Li and Miklos A. Vasarhelyi
Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers Business School
Downloads 1,083 (43,907)
Citation 5

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ChatGPT, Robotic Process Automation (RPA), User interface (UI), Application programming interface (API), Pros and cons, Cost analysis, Large Language Model (LLM)

7.

Assessing the 07/31/2000 Xbrl Taxonomy for Digital Financial Reports of Commercial and Industrial Firms

Number of pages: 51 Posted: 27 Jul 2001
Matthew Bovee, Michael Ettredge, Rajendra P. Srivastava and Miklos A. Vasarhelyi
University of Kansas - School of Business, University of Kansas - Accounting and Information Systems Area, University of Kansas - Accounting and Information Systems Area and Rutgers Business School
Downloads 967 (51,444)
Citation 5

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XBRL; Taxonomy; Financial reporting; Information quality; Web; Internet

8.

Artificial Intelligence Agentic Auditing

Number of pages: 37 Posted: 12 Aug 2024 Last Revised: 05 Jan 2025
Marco Schreyer, Hanchi Gu, Kevin Moffitt and Miklos A. Vasarhelyi
International Computer Science Institute (ICSI), Shanghai University of Finance and Economics, Rutgers University and Rutgers Business School
Downloads 863 (60,127)

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artificial intelligence, artificial intelligence agents, large language models, financial auditing, accounting information systems, journal entry testing

9.

A Machine Learning Approach of Measuring Audit Quality: Evidence From China

Number of pages: 61 Posted: 28 Jan 2021 Last Revised: 21 Mar 2022
Hanxin Hu, Ting Sun, Miklos A. Vasarhelyi and Min Zhang
Rutgers Business School - Rutgers University, The College of New Jersey, Rutgers Business School and Renmin University of China
Downloads 861 (60,305)

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Audit quality, machine learning, misstatement, audit adjustment, non-clean opinion, audit failure

10.

Application of Anomaly Detection Techniques to Identify Fraudulent Refunds

Number of pages: 19 Posted: 16 Aug 2011
Hussein Issa and Miklos A. Vasarhelyi
Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers Business School
Downloads 670 (83,871)
Citation 6

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11.

Process Mining: A New Research Methodology for AIS

CAAA Annual Conference 2011
Number of pages: 16 Posted: 24 Jan 2011
Michael Alles, Mieke Julie Jans and Miklos A. Vasarhelyi
Rutgers Business School, Hasselt University and Rutgers Business School
Downloads 654 (86,536)
Citation 6

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Event logs, process mining, AIS research methods

12.

A Framework of Applying Process Mining for Fraud Scheme Detection

Number of pages: 26 Posted: 30 Jun 2017
Tiffany Chiu, Yunsen Wang and Miklos A. Vasarhelyi
Rutgers, The State University of New Jersey - Accounting & Information Systems, Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick and Rutgers Business School
Downloads 570 (103,161)
Citation 2

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Process Mining; Financial Statement Fraud Detection; Fraud Schemes; Event Logs

13.

An Empirical Study of Net Assets Disclosure: Inflation Accounting Revisited

International Journal of Business, Vol. 10, No. 4, 2005
Number of pages: 20 Posted: 02 Nov 2005
David C. Yang, Miklos A. Vasarhelyi, Caixing Liu and Kim Shima
University of Hawaii at Manoa - School of Accountancy, Rutgers Business School, California State University, Sacramento - College of Business Administration and University of Hawaii at Manoa - Shidler College of Business
Downloads 542 (109,805)

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Owner's equity, Net assets, FAS 33, Constant dollar method, Current cost method

14.

Using Process Mining as an Assurance-Tool in the Three-Lines-of-Defense Model

Downloads 351 (150,459)
Citation 1

Using Process Mining as an Assurance-Tool in the Three-Lines-of-Defense Model

Number of pages: 29 Posted: 29 Nov 2021
Marc Eulerich, QING HUANG and Miklos A. Vasarhelyi
University of Duisburg-Essen, Mercator School of Management, Rutgers Business School - Rutgers University and Rutgers Business School
Downloads 351 (180,677)
Citation 1

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Internal Auditing, Risk Management, Internal Controls, Process Mining, Assurance

15.

The Future of Audit: A Modified Delphi Approach

CAAA Annual Conference 2011
Number of pages: 31 Posted: 16 Jan 2011
Miklos A. Vasarhelyi, Danielle Lombardi and Rebecca Bloch
Rutgers Business School, Rutgers University and Fairfield University - Charles F. Dolan School of Business
Downloads 369 (172,563)
Citation 2

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Audit, Delphi Method, Information Systems, Expert Panel

16.

Duplicate Records Detection Techniques: Issues and Illustration

Number of pages: 18 Posted: 16 Aug 2011
Hussein Issa and Miklos A. Vasarhelyi
Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers Business School
Downloads 334 (192,362)
Citation 2

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17.

The Future of Audit: A Modified Delphi Approach

Canadian Academic Accounting Association, CAAA Annual Conference 2011
Number of pages: 31 Posted: 30 Aug 2014
Miklos A. Vasarhelyi, Danielle Lombardi and Rebecca Bloch
Rutgers Business School, Rutgers University and Fairfield University - Charles F. Dolan School of Business
Downloads 279 (232,702)
Citation 2

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Audit; Delphi method; Information Systems; Expert panel

18.

Automating the Process of Taxonomy Creation and Comparison of Taxonomy Structures

Number of pages: 18 Posted: 05 Dec 2010
Vasundhara Chakraborty and Miklos A. Vasarhelyi
Rutgers University and Rutgers Business School
Downloads 272 (238,956)
Citation 5

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Taxonomy, Pension disclosure, XBRL

19.

Implementing Multimodal Foundation Models in Auditing Practices: Design and a Case Study on Multimodal AI Co-Piloted Auditing

Number of pages: 36 Posted: 10 Jul 2024
Hanchi Gu, Marco Schreyer, Kevin Moffitt and Miklos A. Vasarhelyi
Shanghai University of Finance and Economics, International Computer Science Institute (ICSI), Rutgers University and Rutgers Business School
Downloads 177 (360,454)

Abstract:

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auditing, machine learning, deep learning, foundation model, ChatGPT, accounting information system.

20.

An Analysis of the Research Contributions of Accounting, Organizations and Society, 1976-1984

Accounting, Organizations and Society, Vol. 12, No. 2, 1987
Number of pages: 12 Posted: 29 Apr 2008
Lawrence D. Brown, John C. Gardner and Miklos A. Vasarhelyi
Temple University - Department of Accounting, University of New Orleans - Department of Accounting and Rutgers Business School
Downloads 176 (362,231)
Citation 3

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21.

Addressing the Last Mile Problem in Open Government Data: Using AIS Technologies to Enhance Governmental Financial Reporting

Number of pages: 37 Posted: 16 Mar 2023 Last Revised: 23 Jul 2024
Huaxia Li, Danyang (Kathy) Wei, Kevin Moffitt and Miklos A. Vasarhelyi
Rutgers, The State University of New Jersey - Accounting & Information Systems, Rutgers, The State University of New Jersry - Accounting & Information Systems, Rutgers University and Rutgers Business School
Downloads 165 (383,291)
Citation 1

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Open Government Data (OGD), Last Mile Problem, Design Science, PDF Extraction, Text Mining, Robotic Process Automation, Government Accounting, Accounting Information Systems (AIS) Open Government Data (OGD)

22.

Formalization of Accounting Standards: A Necessary Technological Evolution

Number of pages: 23 Posted: 13 Oct 2011
John Peter Krahel and Miklos A. Vasarhelyi
affiliation not provided to SSRN and Rutgers Business School
Downloads 152 (410,981)

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formalization, accounting standards, pseudocode, ambiguity, standard setting, GAAP

23.

Continuous Monitoring and Audit Methodology for Medication Procurement

Number of pages: 27 Posted: 15 Jun 2020
Wenru Wang and Miklos A. Vasarhelyi
Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers Business School
Downloads 121 (492,864)

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Continuous audit, Continuous monitoring, Government procurement, Armchair audit

24.

Audit Adjustments Matter: How Does the Disclosure of Audit Adjustments Help Improving Audit Quality?

Number of pages: 27 Posted: 07 Dec 2023
Hanxin Hu, Ting Sun, Miklos A. Vasarhelyi and Min Zhang
Rutgers Business School - Rutgers University, The College of New Jersey, Rutgers Business School and Renmin University of China
Downloads 101 (563,830)
Citation 1

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Audit adjustments, Audit quality, Data disclosure, Regulators, Audit-related data

25.

Attributes of Articles Impacting Contemporary Accounting Literature

Contemporary Accounting Research, Vol. 5, No. 2, 1989
Number of pages: 24 Posted: 28 Apr 2008
Lawrence D. Brown, John C. Gardner and Miklos A. Vasarhelyi
Temple University - Department of Accounting, University of New Orleans - Department of Accounting and Rutgers Business School
Downloads 86 (624,592)

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26.

Application of Outlier Detection Methods in Audit Analytics

Number of pages: 33 Posted: 04 Nov 2024
Kevin Fulcer, Hanchi Gu, Hanxin Hu, Qing Huang, Alexander Kogan, Miklos A. Vasarhelyi, Danyang Wei and Jimmy Young
Baker Tilly US LLP, Shanghai University of Finance and Economics, Rutgers, The State University of New Jersey, Marshall University - Lewis College of Business, Rutgers, The State University of New Jersey, Rutgers Business School, Durham University Business School and American Institute of Certified Public Accountants (AICPA)
Downloads 79 (656,487)

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Audit Analytics, Outlier Detection, Unsupervised Learning, Credible Algorithms

27.

Attracting Students to Accounting through Gamified Education: Boosting Perceived Learning with Digital Role-Playing Games (D-RPGs) -Evidence from a Field Study

Number of pages: 34 Posted: 13 Jan 2025
Fangbing Xiong, Jie Bao, Ruanjia Liu and Miklos A. Vasarhelyi
Rutgers Business School, Rutgers, The State University of New Jersey - Rutgers University, Newark, Valparaiso University and Rutgers Business School
Downloads 42 (915,164)

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Digital Role-Playing Games, Accounting Education, Perceived Learning, Student Engagement, Game-Based Learning Constructs, Gamification

28.

Using Machine Learning Algorithms to Improve Fiscal Distress Prediction Models: The Case of US Local Governments

Number of pages: 52 Posted: 08 Apr 2025
Ruanjia Liu, Huaxia Li, Kyunghee Yoon and Miklos A. Vasarhelyi
Valparaiso University, Rutgers, The State University of New Jersey - Accounting & Information Systems, Clark University - Graduate School of Management and Rutgers Business School
Downloads 12 (1,234,281)

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fiscal distress, municipal bankruptcy, machine learning (ML), local governments (LGs), technically insolvent, Chapter 9

29.

If You Cannot Measure It, You Cannot Manage It: Assessing the Quality of Cybersecurity Risk Disclosure through Textual Imagification

Posted: 02 Nov 2019
Arion Cheong, Soohyun Cho, Won Gyun No and Miklos A. Vasarhelyi
Rutgers Business School, Rutgers, The State University of New Jersey, Rutgers, The State University of New Jersey - Accounting & Information Systems and Rutgers Business School

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Cybersecurity risks, Text analytics, Machine learning, Measurement mechanism

30.

The Next Frontier in Data Analytics - Why CPAs and Organizations Need to Learn to Use Advanced Technology to Predict and Achieve Outcomes

Journal of Accountancy, August 2016
Posted: 06 Mar 2019
Norbert Tschakert, Norbert Tschakert, Julia Kokina, Stephen Kozlowski and Miklos A. Vasarhelyi
Salem State UniversitySalem State University, The University of Texas at El Paso, Eastern Illinois University and Rutgers Business School

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data analytics

31.

How Business Schools Can Integrate Data Analytics Into the Accounting Curriculum

The CPA Journal, September 2017
Posted: 06 Mar 2019
Norbert Tschakert, Norbert Tschakert, Julia Kokina, Stephen Kozlowski and Miklos A. Vasarhelyi
Salem State UniversitySalem State University, The University of Texas at El Paso, Eastern Illinois University and Rutgers Business School

Abstract:

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data analytics

32.

Peer Based Approach for Analytical Procedures

Auditing: A Journal of Practice & Theory, Vol. 25, pp. 53-84, November 2006
Posted: 28 Dec 2006
Rani Hoitash, Alex Kogan and Miklos A. Vasarhelyi
Bentley University - Department of Accountancy, Rutgers University and Rutgers Business School

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analytical procedures, data management, information sharing