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The development of an expert system for managerial evaluation of internal controls

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  • Chuleeporn Changchit
  • Clyde W. Holsapple

Abstract

Both practitioners and researchers have devoted significant effort to the study of decision aids, especially expert systems, to assist auditors in internal control evaluations. In addition to being used as a decision aid, researchers have long contended that expert systems could be used to train non‐expert users. Even though the professional accounting literature makes it clear that responsibility for maintaining an effective internal control system rests with management rather than auditors, the focus to date has been on expert systems aimed at assisting/training auditors, not an organization's management. In contrast, this study focuses on management as users of an expert system for internal control evaluation. We describe the development process, explain how the resulting system was evaluated, and discuss results of that evaluation. These results suggest that such a system gives a new way to help managers increase effectiveness and efficiency of a critical organizational process: the evaluation of internal controls. Copyright © 2004 John Wiley & Sons, Ltd.

Suggested Citation

  • Chuleeporn Changchit & Clyde W. Holsapple, 2004. "The development of an expert system for managerial evaluation of internal controls," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 12(2), pages 103-120, April.
    • Handle: RePEc:wly:isacfm:v:12:y:2004:i:2:p:103-120
    DOI: 10.1002/isaf.246
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    References listed on IDEAS

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    1. Jefim Efrim Boritz, 1985. "The effect of information presentation structures on audit planning and review judgments," Contemporary Accounting Research, John Wiley & Sons, vol. 1(2), pages 193-218, March.
    2. Eugene B. Lieb & Joanne K. Gillease, 1996. "Du Pont Uses a Decision Support System to Select Its Audit Portfolio," Interfaces, INFORMS, vol. 26(3), pages 10-21, June.
    3. Bonczek, Robert H. & Holsapple, Clyde W. & Whinston, Andrew B., 1981. "Foundations of Decision Support Systems," Elsevier Monographs, Elsevier, edition 1, number 9780121130503 edited by Schmidt, J. William.
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    1. Amelia A. Baldwin & Carol E. Brown & Brad S. Trinkle, 2006. "Opportunities for artificial intelligence development in the accounting domain: the case for auditing," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 14(3), pages 77-86, July.
    2. Jan Svanberg & Tohid Ardeshiri & Isak Samsten & Peter Öhman & Presha E. Neidermeyer & Tarek Rana & Natalia Semenova & Mats Danielson, 2022. "Corporate governance performance ratings with machine learning," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 29(1), pages 50-68, January.

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