The importance and differences of analytical procedures' application for auditing blockchain technology between external and internal auditors in Croatia

References

• Appelbaum, D., Kogan, A., & Vasarhelyi, M. A. (2017). Big data and analytics in the modern audit engagement: Research needs. Auditing: A Journal of Practice & Theory, 36(4), 1–27.
   Web of Science ®Google Scholar
• Arens, A. A., Elder, R. J., & Beasley, M. S. (2012). Auditing and assurance services: An integrated approach (14th ed.). Prentice Hall & ACL.
   Google Scholar
• Banarescu, A. (2015). Detecting and preventing fraud with data analytics. Emerging Markets Queries in Finance and Business. Procedia Economics and Finance, 32, 1827–1836.
   Google Scholar
• Brender, N., Gauthier, M., Morin, J.-H., & Salihi, A. (2019). The potential impact of blockchain technology on audit practice. Journal of Strategic Innovation and Sustainability, 14(2), 35–59.
   Google Scholar
• Cangemi, M. P. (2016). Views on internal audit, internal controls, and internal audit’s use of technology. Journal EDPACS, 53(1), 1–9. https://doi.org/https://doi.org/10.1080/07366981.2015.1128186
   Google Scholar
• Cangemi, M. P., & Brennan, G. R. (2019). Blockchain auditing – accelerating the need for automated audits! Journal EDPACS, 59(4), 1–11. https://doi.org/https://doi.org/10.1080/07366981.2019.1615176
   Google Scholar
• Caseware Analytics. (n.d.) Cangemi perspectives: Introduction to blockchain and the potential for advancing analytics. Blog. https://idea.caseware.com/blockchain-advancing-analytics
   Google Scholar
• Chan, D. Y., & Kogan, A. (2016). Data analytics: Introduction to using analytics in auditing. Journal of Emerging Technologies in Accounting, 13(1), 121–140.
   Web of Science ®Google Scholar
• Dagilienė, L., & Klovienė, L. (2019). Motivation to use big data and big data analytics in external auditing. Managerial Auditing Journal, 34(7), 750–782. https://doi.org/https://doi.org/10.1108/MAJ-01-2018-1773
   Web of Science ®Google Scholar
• Deloitte. (2017). Blockchain technology and its potential impact on the audit and assurance profession. Chartered Professional Accountants of Canada (CPA Canada) & American Institute of CPAs (AICPA). https://www.aicpa.org/content/dam/aicpa/interestareas/frc/assuranceadvisoryservices/downloadabledocuments/blockchain-technology-and-its-potential-impact-on-the-audit-and-assurance-profession.pdf
   Google Scholar
• Deloitte. (2019). Deloitte’s 2019 global blockchain survey: Blockchain gets down to business. https://www2.deloitte.com/content/dam/Deloitte/se/Documents/risk/DI_2019-global-blockchain-survey.pdf
   Google Scholar
• Halar, P. (2020). Current state and perspectives of internal auditors’ professional development in digital economy era. Proceedings of the Faculty of Economics and Business in Zagreb, 18(1), 77–94.
   Google Scholar
• IAASB. (n.d.). ISA 520 – Analytical Procedures. https://www.ifac.org/system/files/downloads/a026-2010-iaasb-handbook-isa-520.pdf
   Google Scholar
• Jans, M., Alles, M. G., & Vasarhelyi, M. A. (2014). A field study on the use of process mining of event logs as an analytical procedure in auditing. The Accounting Review, 89(5), 1751–1773. https://doi.org/https://doi.org/10.2308/accr-50807
   Web of Science ®Google Scholar
• Ježovita, A., Tušek, B., & Žager, L. (2018). The state of analytical procedures in the internal auditing as a corporate governance mechanism. Journal of Contemporary Management Issues, 23(2), 15–46.
   Web of Science ®Google Scholar
• Krendl, P., Ruparel, M. (2019). The digital audit revolution: Shaking the oil & gas industry. Accenture. https://www.accenture.com/_acnmedia/pdf-93/accenture-the-audit-revolution-oil-and-gas.pdf
   Google Scholar
• Lambrechts, A. J., Lourens, J. E., Millar, P. B., & Sparks, D. E. (2011). Data analysis technologies. International Professional Practices Framework (IPPF): Recommended Guidance: Supplemental Guidance – Global Technology Audit Guide 16. https://na.theiia.org/standards-guidance/recommended-guidance/practice-guides/Pages/GTAG16.aspx
   Google Scholar
• Li, H., Dai, J., Gershberg, T., & Vasarhelyi, M. A. (2018). Understanding usage and value of audit analytics for internal auditors: An organizational approach. International Journal of Accounting Information Systems, 28, 59–76. https://doi.org/https://doi.org/10.1016/j.accinf.2017.12.005
   Web of Science ®Google Scholar
• Moll, J., & Yigitbasioglu, O. (2019). The role of internet-related technologies in shaping the work of accountants: New directions for accounting research. The British Accounting Review, 51(6), 1008331–1008320.
   Web of Science ®Google Scholar
• Moolman, A. M. (2017). The usefulness of analytical procedures, other than ratio and trend analysis, for auditor decisions. International Business & Economics Research Journal, 16(3), 171–184.
   Google Scholar
• Ortman, C. (2018). Blockchain and the future of the audit. CMC Senior Theses, 1983. http://scholarship.claremont.edu/cmc_theses/1983
   Google Scholar
• PwC. (2018a). Blockchain is here. What’s Your Next Move? https://www.pwc.com/gx/en/issues/blockchain/blockchain-in-business.html
   Google Scholar
• PwC. (2018b). 2018 State of the Internal Audit Profession Study – Moving at the Speed of Innovation: The Foundational Tools and Talents of Technology – Enabled Internal Audit. https://www.pwc.com/sg/en/publications/assets/state-of-the-internal-audit-2018.pdf
   Google Scholar
• Republic of Croatia Ministry of Finance. (n.d.). Register of Auditors. http://rgfi.fina.hr/RegistarRevizora
   Google Scholar
• Rooney, H., Aiken, B., & Rooney, M. (2017). Q & A. is internal audit ready for blockchain? Technology Innovation Management Review, 7(10), 41–44.
   Web of Science ®Google Scholar
• Schmitz, J., & Leoni, G. (2019). Accounting and auditing at the time of blockchain technology: A research agenda. Australian Accounting Review, 29(2), 331–342. https://doi.org/https://doi.org/10.1111/auar.12286
   Web of Science ®Google Scholar
• Soileau, J., Soileau, L., & Sumners, G. (2015). The evolution of analytics and internal audit. Journal EDPACS, 51(2), 10–17. https://doi.org/https://doi.org/10.1080/07366981.2015.1012441
   Google Scholar
• Spremić, M. (2018). Enterprise information systems in digital economy. University of Zagreb, Faculty of Economics & Business.
   Google Scholar
• Sun, T., Alles, M., & Vasarhelyi, M. (2015). Adopting continuous auditing: A cross-sectional comparison between China and the United States. Managerial Auditing Journal, 30(2), 176–204. https://doi.org/https://doi.org/10.1108/MAJ-08-2014-1080
   Web of Science ®Google Scholar
• Tang, J., & Karim, K. E. (2019). Financial fraud detection and big data analytics – Implications on auditors’ use of fraud brainstorming session. Managerial Auditing Journal, 34(3), 324–337.
   Web of Science ®Google Scholar
• Tar-Mahomed, S. (2019). Blockchain: What does it mean for the audit. The Journal of the Global Accounting Alliance, 8(2019), 48–49. http://www.gaaaccounting.com/blockchain-what-does-it-mean-for-audit/
   Google Scholar
• Teeter, R. A., Alles, M. G., & Vasarhelyi, M. A. (2010). The remote auditing. Journal of Emerging Technologies in Accounting, 7(1), 73–88. https://doi.org/https://doi.org/10.2308/jeta.2010.7.1.73
   Google Scholar
• Tušek, B., Ježovita, A., & Halar, P. (2018b). Development perspectives and challenges of internal audit function in digital business transformation era. Journal of Economy and Business, 24, 258–289.
   Google Scholar
• Tušek, B., Mamić Sačer, I., & Halar, P. (2018a). The internal audit function as an effective tool for increasing business success in digital economy era. In I. Načinović Braje, B. Jaković, & I. Pavić (Eds.), Proceedings of the 9th international conference “an enterprise odyssey: managing change to achieve quality development, Republic of Croatia, Zagreb (pp. 248–256). University of Zagreb, Faculty of Economics & Business.
   Google Scholar
• Wang, Y., & Kogan, A., (2018). Designing confidentiality-preserving blockchain-based transaction processing systems. International Journal of Accounting Information Systems, 30, 1–18. https://doi.org/https://doi.org/10.1016/j.accinf.2018.06.001
   Web of Science ®Google Scholar
• Zhang, A., Zhong, R. Y., Farooque, M., Kang, K., & Venkatesh, V. G. (2020). Blockchain-based life cycle assessment: An implementation framework and system architecture. Resources, Conservation & Recycling, 152, 1–1.
   Web of Science ®Google Scholar