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General Theory of Cost Minimization Strategies of Continuous Audit of Databases

31 Pages Posted: 23 Jul 2007 Last revised: 11 Feb 2010

Jagdish Pathak

University of Windsor - Odette School of Business

Sévérien Nkurunziza

University of Windsor - Department of Mathematics and Statistics

S. Ejaz Ahmad

University of Windsor - Department of Mathematics & Statistics

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Date Written: July 1, 2007

Abstract

The minimization of cost is an important issue in the domain of continuous auditing (CA) research (Pathak, Chaouch & Sriram, 2005). This cited study of continuous audit of databases motivated us to work further and provide a general, complete and precise solution. In the present study, we propose an efficient algorithm as a general theory in terms of long term cost for counting and periodic strategies of continuous auditing as suggested by Pathak et al. study. Another novel feature of this paper is that we do not assume independence of validation time process. We have also offered analytical and computational results for practitioners and the professionals of database audit for practical implementation of our algorithms. The improved algorithms in the form of general theory contribute to accounting literature in general and continuous audit in particular in the form of general theory proposed for minimizing the cost of CA of databases. This study also makes significant contribution to the enterprise policy as cost minimization is an important component of policy studies in accounting area.

Keywords: Continuous Audit (CA), Minimization of Cost, Database Auditing

JEL Classification: C93, M41

Suggested Citation

Pathak, Jagdish and Nkurunziza, Sévérien and Ahmad, S. Ejaz, General Theory of Cost Minimization Strategies of Continuous Audit of Databases (July 1, 2007). Available at SSRN: https://ssrn.com/abstract=1001726 or http://dx.doi.org/10.2139/ssrn.1001726

Jagdish Pathak (Contact Author)

University of Windsor - Odette School of Business ( email )

401 Sunset
Windsor N9B 3P4, Ontario
Canada
519-253-3000 ext. 3131 (Phone)
519-973-7073 (Fax)

HOME PAGE: http://www.jagdishpathak.com

Sévérien Nkurunziza

University of Windsor - Department of Mathematics and Statistics ( email )

401 Sunset Avenue
Windsor, Ontario N9B 3P4
Canada
519-253-3000/3017 (Phone)

S. Ejaz Ahmad

University of Windsor - Department of Mathematics & Statistics ( email )

410
Sunset Avenue
Windsor, Ontario N9B3P4
Canada

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