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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/13635

Title: Does Process Mining Add to Internal Auditing? An Experience Report
Authors: Jans, Mieke
Depaire, Benoit
Vanhoof, Koen
Issue Date: 2011
Publisher: SPRINGER-VERLAG BERLIN
Citation: Halpin, T.; Nurcan, S.; Krogstie, J.; Soffer, P.; Proper, E.; Schmidt, R.; Bider, I. (Ed.). ENTERPRISE, BUSINESS-PROCESS AND INFORMATION SYSTEMS MODELING, p. 31-45
Abstract: In this paper we report on our experiences of applying business process mining in a real business context. The context for the application is using process mining for the purpose of internal auditing of a procurement cycle in a large multinational financial institution. One of the targeted outcomes of an internal audit is often the reporting on internal controls over financial reporting (ICFR), since this reporting is mandatory for Sarbanes-Oxley regulated organisations. Our process mining analyses resulted in more identified issues concerning ICFR than the traditional auditing approach. Issues that were identified using process mining analysis concerned violations of the segregation of duties principle, payments without approval, and violations of company specific internal procedures.
Notes: [Jans, Mieke; Depaire, Benoit; Vanhoof, Koen] Hasselt Univ, Fac Business Econ, B-3590 Diepenbeek, Belgium.
URI: http://hdl.handle.net/1942/13635
DOI: 10.1007/978-3-642-21759-3_3
ISI #: 000301992900003
ISBN: 978-3-642-21758-6
ISSN: 1865-1348
Category: C1
Type: Proceedings Paper
Validation: ecoom, 2013
Appears in Collections: Research publications

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