Research On Pattern Of Continuous Auditing Based On XBRL

The human economic activities have had a profound change due to the development of Information technology, such as Internet. Increasingly fierce business competition forced managers and investors need more real-time and reliability information to support decision. On the other hand, the application of the information systems, supply chain and the advantage of the XBRL technology makes corporate issue real-time report on-line. However, the value of the real-time financial reporting on-line rely on the reliability of the information contained in report, and the traditional auditing model can not do regular audits to ensure real-time. According to the conditions, the paper discusses the theory foundation and implement pattern of Continuous Auditing (CA) based on XBRL. At first, the paper has analyzed the theory and technology based of CA, and points out that CA was an innovation of traditional audit by advanced technology. Secondly, the paper expounds the conception of the CA and the similarities and differences between CA and Traditional Auditing, discusses the technologic qualification of the CA based on XBRL. And it has considered the frame of the CA, and has pointed the pattern of CA based on XBRL should contains auditing on Information System based on XBRL and model of the CA. Thirdly, the paper analyses content of Information System Auditing based on XBRL under pattern of CA, and also discusses the auditing technology. According to these it designs the flow of the Information System Auditing based on XBRL. Once more, the paper has analyses the character of the main message, data stream and risk factor of CA, and discussed kinds of information technology on model of CA. Based on these, the paper has designed the model of CA under the XBRL and described how it works. Finally, the paper analyses the feasibility of CA in china, and puts forwards some suggestions to carry out CA in our country by absorbing experience abroad.