Since August 2009 the German law provides the possibility of a non-binding (and not contestable) so-called "Say-on-Pay" vote. The legislature has thus created a new instrument, which allows the firm - without threatening side effects – a voting on the management compensation system by...

We discuss how the internal audit function (IAF) of a large multinational energy company, Uniper, is starting to use ChatGPT to improve automation of internal auditing. We investigate the benefits and challenges of integrating ChatGPT into internal audit processes and assess its impact on the...

Public accounting firms and internal audit departments are implementing data analytics to enhance effectiveness and efficiency; however, there is a shortage of professionals with data analysis skills and the ability to derive meaningful insights. We conducted a quasi-experiment to examine...

For the past several years, internal audit functions (IAFs) have been significantly increasing their digitization efforts to enhance the efficiency and effectiveness of the IAF. The introduction of ChatGPT has increased the potential for IAFs to have a more significant impact; however, there is...

Process Mining (PM) is a modern approach for analyzing business processes and associated with far-reaching improvements (such as increased internal control evaluation, or more efficient analysis of process activities within a workflow). It can thus leverage the capabilities of auditors to...

Process Mining has become a standard in many companies as part of process control in various areas. Previous papers for specific areas have discussed its use to ensure good governance. This paper proposes generic use cases of process mining in the context of assurance activities in the...

Despite research showing numerous benefits to continuous auditing, uptake by internal audit functions has been quite slow. Using field data from a multinational company, we study two possible reason for the slow uptake of continuous auditing—the time it takes for continuous auditing to result...

This paper sheds light on the maturity levels of integrated governance and their drivers. Integrated governance incorporates and optimizes all assurance functions in an organization. This supports an effective risk control environment and the integrity of information used by management, the...