Study On Model Of Continuous Auditing Based On XBRL

With the continuous development of the society, the cooperation of the world economic is deepening. The Chinese economy has ushered in the spring, we successfully added to the WTO, hosted the Olympic Games, and created the myth of GDP every year during the global economic crisis. The practice has proved that our national economy is forwarding. The development of the economic will certainly inevitably bring about the development of related industries. The accounting should keep up the pace in time to adapt and to promote China’s social economic development needs. As we know, with the increasingly international competition, only state-of-the-art technology can gain a firm foothold in the international market, the same with the accounting. Therefore, in order to meet the needs of China’s social and economic development, China’s Ministry of Finance is accelerating the development of accounting information and auditing information.At present, the international development of accounting information is the most obvious manifestation of the development of XBRL technology. Along with the application and popularization of the XBRL technology in the world for its own advantage, the XBRL technology can provide real-time financial information for the information users, reduce enterprise costs and improve enterprise efficiency, but it cannot guarantee the authenticity and reliability of accounting information because of reasons of its own. Therefore, the XBRL technology still needs auditing information assurance, namely the real-time accounting information system persistently requires ensuring continuous auditing. Only in this way, the XBRL technology can be taken advantage of. Thus, the study of continuous auditing based on XBRL not only conducive to the development of accounting information technology and audit information technology, but also help to. promote the development of China’s information technology and the future economy.Throughout the process of writing this paper, the main research methods are that literature-summarizing method, normative analysis method, and case analysis method. By introducing correlation theories of XBRL technology and continuous auditing, the work flow of XBRL and connotation of continuous auditing are illustrated. And the inevitability of continuous auditing under the XBRL is analyzed. Furthermore, the model of continuous auditing is designed under the XBRL in the fourth chapter. The model is applied to a concrete case, and the limitation and contribution of the research are concluded. Finally, the strategy and suggestions for the promotion of the continuous auditing model under the XBRL are presented. Through all the above research, it can be concluded that the promotion of the continuous auditing under the XBRL is feasible and the continuous auditing under the XBRL has great theoretical and practical significance.