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Technological Support for Correcting Exams: The Continuum Paradigm

Authors:
Ed Curfs
Eric Mantelears
Martijn Zoet
Clint Wolfs

Keywords: Case study; continuous monitoring; continuous auditing; continuous assurane; continuous reporting; continuum paradigm; reporting; forensic; financial auditing; financial data and non-financial data; machine review; manual review; sustainability reporting;

Abstract:
Continuous Monitoring, Continuous Auditing, Continuous Assurance, Continuous Reporting and the Continuum Paradigm (CP) are the elements in which research has been performed over 30 years. A major part of the research was focused on individual elements of the CP. However, no research has been performed with the purpose to identify if it is possible to build a holistic audit model based on the CP. Researchers noticed that there are no global standards available yet, approved by the stakeholders in relation to Continuous Assurance or Continuous Reporting. In this paper, we developed and built a simplified and holistic CP, the case study, for the four building blocks of the CP: Continuous Monitoring, Continuous Auditing, Continuous Assurance and Continuous Reporting. The case study is based on an exam for the post-doc education program for Financial Auditing at Dutch Universities. An exam has been selected as this makes it possible to verify the performance of the model by verification of the machine (case study) versus the manual results. The overall conclusion is that there is a correlation between the results of the machine and the manual results of the examinators. However, the score of the machine is structurally lower than the manual scores of the examinators. The case study proves that it is possible to build an audit model, with reference to the technological support for correcting exams, based on the CP.

Pages: 7 to 13

Copyright: Copyright (c) IARIA, 2023

Publication date: April 24, 2023

Published in: conference

ISSN: 2308-4375

ISBN: 978-1-68558-082-7

Location: Venice, Italy

Dates: from April 24, 2023 to April 28, 2023