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Title: Does Process Mining Add to Internal Auditing? An Experience Report
Authors: Jans, Mieke 
Depaire, Benoit 
Vanhoof, Koen 
Issue Date: 2011
Source: 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
Series/Report: Lecture Notes in Business Information Processing
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.
Keywords: process mining; internal audit; control monitoring;Computer Science; Information Systems; process mining; internal audit; control monitoring
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ISBN: 978-3-642-21758-6
DOI: 10.1007/978-3-642-21759-3_3
ISI #: 000301992900003
Category: C1
Type: Proceedings Paper
Validations: ecoom 2013
Appears in Collections:Research publications

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