Continuous auditing model based on web service

In today's fast paced business world, real-time information systems facilitate real-time accounting systems and real-time communication between entities. And real-time assurances can only be provided by continuous auditing technologies. This paper discusses how Web services technology can be utilized to facilitate continuous auditing for the next generation of accounting systems. Relying on a number of components of Web services technology, this paper presents a new model for continuously audit business processes. The continuous auditing mechanism would run in the auditee's accounting system and could be applied to provide assurance about specific business processes. The frameworks and technologies that facilitate such a Web-service-based continuous auditing mechanism are described. The features of this model are presented in this paper.