The Role of Continuous Assurance in Enhancing Transparency and Reducing Financial Misstatement Risks

Posted: Sep 25, 2017

• Dominic Ray
• Ella Bryant
• Julian Moore

Abstract

This research addresses a critical gap in the literature by proposing a comprehensive continuous assurance framework that leverages cutting-edge technologies to enhance transparency and reduce financial misstatement risks. Unlike previous approaches that primarily focused on improving existing audit procedures, our framework represents a paradigm shift from periodic verification to ongoing, real-time monitoring and assessment. The novelty of our approach lies in the integration of quantum-inspired computing principles with distributed ledger technology and advanced machine learning algorithms, creating a synergistic system for financial oversight.