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An Innovation in Auditing: Matrix Summaries of Journal Entries
Author(s) -
SAMPSON WESLEY C.,
OLAN MICHAEL J.
Publication year - 1992
Publication title -
abacus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.632
H-Index - 45
eISSN - 1467-6281
pISSN - 0001-3072
DOI - 10.1111/j.1467-6281.1992.tb00276.x
Subject(s) - audit , computer science , accounting , control (management) , matrix (chemical analysis) , business , artificial intelligence , materials science , composite material
The authors of this paper propose a databse which summarizes journal entries in a way that can be used for audit planning and accumulating data for matrix‐derived financial statements. This dedicated system provides a significant internal control procedure hitherto unavailable. In addition, this system is expected to be more practical and easier for accountants to use than mainframe database systems.