Rutgers Business School-Newark and New Brunswick
Archived article from Apr 26, 2004
By Dave Muha
KPMG funds new Rutgers lab to advance continuous auditing
At a time when investors want corporate transparency improved and financial information reported faster, Rutgers Business School-Newark and New Brunswick will use a grant from KPMG International to establish a laboratory to research and test next-generation technologies for continuous business reporting and auditing.
The Continuous Assurance and Reporting Laboratory (CAR-Lab), to be housed at the Rutgers Accounting Research Center on the Newark campus, will develop experiments that use actual corporate information to test continuous auditing techniques. CAR-Lab seeks to improve audit procedures by publishing its findings in research reports and presenting live demonstrations of promising new technologies to business executives, policy-makers and regulators.
"While the field of continuous auditing was first proposed in 1990, research on the topic has been mainly conceptual up until now," said Miklos Vasarhelyi, director of the CAR-Lab. "The lab will undertake applied research in the field using real-life data from complex corporate information systems to test concepts and demonstrate working examples."
Continuous business reporting refers to the ability for companies to provide timely, updated, audited financial information. An advisory board composed of professionals in accounting, auditing, information systems and technology will advise the CAR-Lab.
Hartman named adviser to Business Roundtable Institute for Corporate Ethics
Edwin Hartman, director of The Prudential Business Ethics Center at Rutgers, has been selected to serve as an academic adviser to the Business Roundtable Institute for Corporate Ethics.
The institute is a newly created entity that will provide training in ethics for corporate leaders and develop classroom teaching tools that will allow educators to strengthen the design of ethics curricula, sharpen teaching skills and enhance the knowledge of current and aspiring corporate leaders.
Hartman joins 14 leading academics from schools such as Harvard, Wharton, Kellogg, Michigan and Darden. He will help develop executive-level ethics curricula, teach executive business ethics training programs, conduct research in business ethics and compile a collection of best practices.
Hartman joins 14 leading academics from schools such as Harvard, Wharton, Kellogg, Michigan and Darden. He will help develop executive-level ethics curricula, teach executive business ethics training programs, conduct research in business ethics and compile a collection of best practices.
|
