A Review of Internal Audit Research Using Topic Modeling

Objective: According to the variety and diversity of research conducted in the field of internal auditing, the purpose of this research is to gain a deeper understanding of the topic by conducting a systematic review of existing studies to classify topics and outline some potential future research d...

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Autores principales:	Bita Mashayekhi, Amir Salar Vanaki, Mesbah Sivandian
Formato:	article
Lenguaje:	FA
Publicado:	University of Tehran 2021
Materias:	internal audit topic modeling computational literature review latent dirichlet allocation (lda) Accounting. Bookkeeping HF5601-5689 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/7158089813094fbaa8c35799efb27fd9
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spelling	oai:doaj.org-article:7158089813094fbaa8c35799efb27fd92021-11-14T05:28:15ZA Review of Internal Audit Research Using Topic Modeling2645-80202645-803910.22059/acctgrev.2021.319845.1008527https://doaj.org/article/7158089813094fbaa8c35799efb27fd92021-08-01T00:00:00Zhttps://acctgrev.ut.ac.ir/article_83007_0ee1934c200e0c8acebd37440364f353.pdfhttps://doaj.org/toc/2645-8020https://doaj.org/toc/2645-8039Objective: According to the variety and diversity of research conducted in the field of internal auditing, the purpose of this research is to gain a deeper understanding of the topic by conducting a systematic review of existing studies to classify topics and outline some potential future research directions. Methods: In order to achieve our purpose and to more efficiently examine a large number of articles, the "Computational Literature Review (CLR)" approach is used, and through this, the content of abstracts is analyzed automatically to provide a set of research topics within internal audit literature (Topic Modeling). The required information is collected from the Thomson Reuters Web of Science (WoS) database for 1401 articles over almost one hundred years (1920 to 2021). Results: The results of Topic Modeling show the focus of seven areas in internal audit research as follows: internal audit in the healthcare industry; internal audit in the areas of risk management, fraud, and internal controls; competence and training and internal audit quality; and the relationship between the external auditor and the internal auditor. A separate review of each of these identified issues related to internal audit reveals the most critical research conducted in this area and identifies some avenues for future research. Conclusion: The results of this study indicate that throughout the evolution of internal auditing during its history (almost 100 years), its philosophy has evolved from ensuring the accuracy of financial statements and accounts and preventing the misuse of corporate funds or assets by helping to create and add value to companies. Internal auditing services have been upgraded from assuring financial statements and responding to its limited stakeholders (i.e., senior managers), giving assurance, consulting, forecasting risk, and being accountable to all stakeholders. Also, the change in the accountability direction of internal audit and its greater cooperation with external auditors, and the growth of technology and increasing the complexity of organizations have led to changes in competencies and skills required and improving and promoting its independence and objectivity; also engaging internal auditors in other areas of expertise (other than accounting and auditing), then it is expected that the trend will continue in the future.Bita MashayekhiAmir Salar VanakiMesbah Sivandian University of Tehranarticleinternal audittopic modelingcomputational literature reviewlatent dirichlet allocation (lda)Accounting. BookkeepingHF5601-5689FinanceHG1-9999FAبررسی‌های حسابداری و حسابرسی, Vol 28, Iss 2, Pp 296-358 (2021)
institution	DOAJ
collection	DOAJ
language	FA
topic	internal audit topic modeling computational literature review latent dirichlet allocation (lda) Accounting. Bookkeeping HF5601-5689 Finance HG1-9999
spellingShingle	internal audit topic modeling computational literature review latent dirichlet allocation (lda) Accounting. Bookkeeping HF5601-5689 Finance HG1-9999 Bita Mashayekhi Amir Salar Vanaki Mesbah Sivandian A Review of Internal Audit Research Using Topic Modeling
description	Objective: According to the variety and diversity of research conducted in the field of internal auditing, the purpose of this research is to gain a deeper understanding of the topic by conducting a systematic review of existing studies to classify topics and outline some potential future research directions. Methods: In order to achieve our purpose and to more efficiently examine a large number of articles, the "Computational Literature Review (CLR)" approach is used, and through this, the content of abstracts is analyzed automatically to provide a set of research topics within internal audit literature (Topic Modeling). The required information is collected from the Thomson Reuters Web of Science (WoS) database for 1401 articles over almost one hundred years (1920 to 2021). Results: The results of Topic Modeling show the focus of seven areas in internal audit research as follows: internal audit in the healthcare industry; internal audit in the areas of risk management, fraud, and internal controls; competence and training and internal audit quality; and the relationship between the external auditor and the internal auditor. A separate review of each of these identified issues related to internal audit reveals the most critical research conducted in this area and identifies some avenues for future research. Conclusion: The results of this study indicate that throughout the evolution of internal auditing during its history (almost 100 years), its philosophy has evolved from ensuring the accuracy of financial statements and accounts and preventing the misuse of corporate funds or assets by helping to create and add value to companies. Internal auditing services have been upgraded from assuring financial statements and responding to its limited stakeholders (i.e., senior managers), giving assurance, consulting, forecasting risk, and being accountable to all stakeholders. Also, the change in the accountability direction of internal audit and its greater cooperation with external auditors, and the growth of technology and increasing the complexity of organizations have led to changes in competencies and skills required and improving and promoting its independence and objectivity; also engaging internal auditors in other areas of expertise (other than accounting and auditing), then it is expected that the trend will continue in the future.
format	article
author	Bita Mashayekhi Amir Salar Vanaki Mesbah Sivandian
author_facet	Bita Mashayekhi Amir Salar Vanaki Mesbah Sivandian
author_sort	Bita Mashayekhi
title	A Review of Internal Audit Research Using Topic Modeling
title_short	A Review of Internal Audit Research Using Topic Modeling
title_full	A Review of Internal Audit Research Using Topic Modeling
title_fullStr	A Review of Internal Audit Research Using Topic Modeling
title_full_unstemmed	A Review of Internal Audit Research Using Topic Modeling
title_sort	review of internal audit research using topic modeling
publisher	University of Tehran
publishDate	2021
url	https://doaj.org/article/7158089813094fbaa8c35799efb27fd9
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A Review of Internal Audit Research Using Topic Modeling

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