May 25, 2022, 7:00 p.m.
Join Prof. Vasarhelyi as he explores the area of continuous audit, AI and the Metaverse.
Price
Admission is free. No. of seats is limited. Reservation on a first-come-first-served basis.
The Powerhouse Thought Leadership Series – Continuous Audit, AI, and the Metaverse
The Powerhouse Thought Leadership Series – Continuous Audit, AI, and the Metaverse
- Start07:00 PM - May 25 2022
- 146 Robinson Road, #07-01, Singapore 068909
- 6532 0083
- info@rutgers.edu.sg
About the topic:
The first continuous audit application was performed by Bell Laboratories in the 1985-1990 period (Vasarhelyi and Halper, 1991). Although the AIPCA, the IIA, and ISACA issued some related literature or guidance in the ensuing two decades, the methodology has not been prevalent. Consequently, administrative systems are still plagued with many faults and inexactitudes that are avoidable, systematic, or fraudulent.
Modern technology has substantively improved the continuous measurement and assurance set of ideas by allowing continuous control monitoring, continuous risk assessment, continuous prediction, and intervention on the data value chain avoiding or preventing the propagation of frauds and/or errors. This presentation explains these ideas and illustrates with evolving projects in a government, a hospital, and an organization.
Furthermore, this presentation “imagineers” an integrated environment encompassing the firm, its suppliers, its customers, and other stakeholders in an ecosystem of the future that includes shared data with blockchains, automatic contract execution, and semi-intelligent decision frameworks using RPA, computer vision, machine learning, and attended automation.
About Professor Miklos Vasarhelyi
Professor Miklos A. Vasarhelyi is the KPMG Distinguished Professor of Accounting Information Systems and serves as Director of the Rutgers Accounting Research Center (RARC) & Continuous Auditing & Reporting Lab (CAR Lab).
He is credited with developing the original continuous audit application and is the leading researcher in this field. At Rutgers Business School, Professor Vasarhelyi heads the Continuous Auditing and Reporting Laboratory, which works on projects for such leading companies as Siemens, KPMG, Procter & Gamble, AICPA, CA Technologies and Brazil’s Itau-Unibanco. Also, he leads the RADAR (Rutgers AICPA Data Analytics Research Initiative) project supported by the 8 leading CPA firms, AICPA, and CPA Canada.
