Many steps in the creation and dissemination of new accounting standards lag behind the rest of the modern world. Issues are often addressed too late to rectify major problems, in language at once too vague to deal effectively with the nuances of real world business decisions, and too lengthy to...

Purpose –The audit of corporations is now dependent on the examination of corporate computer systems. Although tools and techniques have been available for decades, there are major limitations on the audits of corporate systems by external auditors. This paper aims to examine external auditor...