Business Commons^™

Patience Is Key: The Time It Takes To See Benefits From Continuous Auditing, Marc Eulerich, Benjamin Fligge, Vanessa Lopez Kasper, David A. Wood

Faculty Publications

Despite research showing numerous benefits to continuous auditing, uptake by internal audit functions has been quite slow. Using field data from a multinational company, we study two possible reasons for the slow uptake of continuous auditing—the time it takes for continuous auditing to result in measurable reductions in audit risks and that not every type of risk is equally likely to improve from continuous auditing. Results suggest it takes three years before observing significant risk reductions from implementing continuous auditing. We also find that the benefits of implementing continuous auditing vary by risk factor, ranging in improvement from 0 percent …

Is It All Hype? Chatgpt’S Performance And Disruptive Potential In The Accounting And Auditing Industries, Marc Eulerich, Aida Sanatizadeh, Hamid Vakilzadeh, David A. Wood

Faculty Publications

ChatGPT frequently appears in the media, with many predicting significant disruptions, especially in the fields of accounting and auditing. Yet research has demonstrated relatively poor performance of ChatGPT on student assessment questions. We extend this research to examine whether more recent ChatGPT models and capabilities can pass major accounting certification exams including the Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Internal Auditor (CIA), and Enrolled Agent (EA) certification exams. We find that the ChatGPT 3.5 model cannot pass any exam (average score across all assessments of 53.1%). However, with additional enhancements, ChatGPT can pass all sections of each …

The Dark Side Of Robotic Process Automation, Marc Eulerich, Nathan Waddoups, Martin Wagener, David A. Wood

Faculty Publications

Prior research on Robotic Process Automation (RPA) has largely focused on how it benefits firms and employees. In contrast, we interview 26 high-profile RPA stakeholders at a Fortune 500 firm to ascertain challenges, drawbacks, or pitfalls of using RPA. We identify five key problems related to RPA usage: (1) RPA is often used as a quick-fix band-aid instead of fixing core system issues, (2) RPA can cause serious control and security issues, (3) the true cost of RPA is often misunderstood and understated, (4) RPA governance is complicated and challenging, and (5) RPA usage can lead to a loss of …

A Demonstration Of How Chatgpt Can Be Used In The Internal Auditing Process, Marc Eulerich, David A. Wood

Faculty Publications

For the past several years, internal audit functions (IAFs) have been significantly increasing their digitization efforts to enhance the efficiency and effectiveness of the IAF. The introduction of ChatGPT has increased the potential for IAFs to have a more significant impact; however, there is little guidance on how ChatGPT can influence the day-to-day work of internal auditors. This paper demonstrates with specific examples how ChatGPT can be used to enhance all aspects of the audit process. While not comprehensive in nature, the detailed, illustrative examples should help internal auditors see actionable steps they can take to be more efficient and …

Gauging Scholarly Engagement: An Investigation Into Topic Popularity Within The Asee Cit Division, Barry M. Lunt, Mudasser Fraz Wyne, David A. Wood

Faculty Publications

Since 2011, the Computing and Information Technology (CIT) division of the ASEE has had 427 papers presented and published in the proceedings of the ASEE Annual Conference and Exposition. This paper looks at these 427 papers as a whole, providing descriptive statistics, giving the top institutions and authors that have contributed to these papers, and providing information regarding the impact of the top ten papers, as measured by their citations and downloads. We have also used the ChatGPT version 4.0 to provide categories for the 427 papers, providing insight into the most popular topics for papers in the CIT division.

Assessing Virtual Reality’S Influence On Honesty In Reporting, Jeffrey Pickerd, Nathan Waddoups, David A. Wood, Xiaomei (Grazia) Xiong

Faculty Publications

Organizations, businesses, and society are exploring and adopting virtual reality (VR) and augmented reality (AR). VR is expected to boost the global economy by $1.5 trillion by 2030. In this study, we focus on the effect of VR on an important accounting variable—reporting honesty. We examine reporting honesty across two tasks, various measures, and various populations, that are commonly used in existing research. In our initial experiment, participants misreported more in a dice rolling task when performing it in a VR setting than in a non-VR setting. However, in a second and third experiment attempting to replicate and extend our …

Improving The Production And Reviewing Of Design Science Research In Accounting, Noah Myers, Mason Snow, Nathan Waddoups, David A. Wood

Faculty Publications

Design Science Research (DSR) is a rigorous research methodology widely used in other fields like computer science and engineering, but its application in accounting is still relatively limited. This paper reviews the implementation of DSR published in accounting journals and provides recommendations to improve the authoring and reviewing processes. We review 51 DSR articles published in accounting journals between 2011 and 2023. The analysis identified areas where papers excelled and fell short, leading to recommendations in the following key aspects: adherence to a research framework, validation of research questions, defining objectives of artifacts, developing a more diverse set of artifacts, …

Short And Synthetically Distort: Investor Reactions To Deepfake Financial News, Scott Emett, Marc Eulerich, Jeffrey Pickerd, David A. Wood

Faculty Publications

Recent advances in artificial intelligence have led to new forms of misinformation, including highly realistic “deepfake” synthetic media. We conduct three experiments to investigate how and why retail investors react to deepfake financial news. Results from the first two experiments provide evidence that investors use a “realism heuristic,” responding more intensely to audio and video deepfakes as their perceptual realism increases. In the third experiment, we introduce an intervention to prompt analytical thinking, varying whether participants make analytical judgments about credibility or intuitive investment judgments. When making intuitive investment judgments, investors are strongly influenced by both more and less realistic …

Reassessing Assurance In An Automated World: Insights From Board Members, Executives, And Internal Auditors, Scott Emett, Marc Eulerich, Jeffrey Pickerd, David A. Wood

Faculty Publications

Technological advances that automate work continue to transform the accounting profession. We examine whether automation impacts resource allocation within the internal audit function (IAF), a unique setting that allows us to compare demand for assurance activities with demand for consulting activities. We conduct an experiment in which experienced board members, executives, and internal auditors make budget recommendations for a company’s IAF that developed automations that improved the efficiency of the IAF. Results show that across all groups, participants respond to these efficiencies by decreasing the IAF’s total budget but retaining the productive capacity of the IAF. The budget cuts are …

Spotlights: Care For Life, Sesi Technologies, Angie Holzer

Journal of Nonprofit Innovation

No abstract provided.

Research Summaries: Food Insecurity, Angie Holzer

Journal of Nonprofit Innovation

No abstract provided.

Food Insecurity And Solutions: Full Issue, Angie Holzer

Journal of Nonprofit Innovation

No abstract provided.

Overview Of Global Food Insecurity And Solutions, Lakell S. Archer, Angie Holzer

Journal of Nonprofit Innovation

No abstract provided.

Reducing Food Scarcity: The Benefits Of Urban Farming, S.A. Claudell, Emilio Mejia

Journal of Nonprofit Innovation

Urban farming can enhance the lives of communities and help reduce food scarcity. This paper presents a conceptual prototype of an efficient urban farming community that can be scaled for a single apartment building or an entire community across all global geoeconomics regions, including densely populated cities and rural, developing towns and communities. When deployed in coordination with smart crop choices, local farm support, and efficient transportation then the result isn’t just sustainability, but also increasing fresh produce accessibility, optimizing nutritional value, eliminating the use of ‘forever chemicals’, reducing transportation costs, and fostering global environmental benefits.

Imagine Doris, who is …

Exploring The Relationship Between Nonprofit Management Education Programs And Their Local Nonprofit Sector, Elise L. Kieffer

Journal of Nonprofit Innovation

This study sought to explore the relationship between nonprofit management education programs at institutions of higher education with nonprofit organizations in their local communities. Using a pragmatism methodology, I conducted interviews with directors of nonprofit management education programs and with corresponding nonprofit partners in their local communities. While research exists exploring the impacts and influences of nonprofit academic centers on their local sector - specifically regarding the training of practitioners - there is much less available in published literature exploring the actual effects of nonprofit management education programs on their local communities. This study begins what must be a more …

The Chatgpt Artificial Intelligence Chatbot: How Well Does It Answer Accounting Assessment Questions?, David A. Wood, Ryan D. Sommerfeldt, Muskan P. Achhpilia, Mollie T. Adams, Sanaz Aghazadeh, William G. Heninger, Jeffrey Pickerd, Jon Kerr

Faculty Publications

ChatGPT, a language-learning model chatbot, has garnered considerable attention for its ability to respond to users’ questions. Using data from 14 countries and 186 institutions, we compare ChatGPT and student performance for 28,085 questions from accounting assessments and textbook test banks. As of January 2023, ChatGPT provides correct answers for 56.5 percent of questions and partially correct answers for an additional 9.4 percent of questions. When considering point values for questions, students significantly outperform ChatGPT with a 76.7 percent average on assessments compared to 47.5 percent for ChatGPT if no partial credit is awarded and 56.5 percent if partial credit …

Online Protection Laws.Full Issue

Journal of Nonprofit Innovation

No abstract provided.

A Npo's Values And Identity, William B. Calder

Journal of Nonprofit Innovation

Values become an organizational “petri dish” that soon establishes the culture of the workplace. This article reinforces the notion that effective leaders know how to leverage NPO values to ensure positive organizational results. Therefore, values provide a useful context for NPO behaviour and how individuals interact and carry out their assigned tasks.

Core beliefs manifest themselves through NPO actions and form the basis of its identity as an organization which permeates everything that it does. Values must be discovered, explained, and put into practice; since they are the basis of initiatives and heighten the further development of an organization’s vision …

Feminist Pragmatism In The Nonprofit Sector, Elise L. Kieffer

Journal of Nonprofit Innovation

This thought paper explores the practical applications of the feminist pragmatism philosophy for modern nonprofit organizations confronting persistent issues. I argue that the integration of research, theory, education, programming, and administration serve as spokes strengthening the wheel that is the nonprofit sector.

Factors Influencing Employee Satisfaction In Nonprofit Organizations In The United States, Kristi Egbert

Journal of Nonprofit Innovation

Employees in nonprofit organizations are not paid as much as for-profit employees according to the United States 2014 Labor Statistics. Nonprofits work to meet community needs. Since turnover rates impact a company’s ability to these needs (Lee, 2015), it is important to learn what keeps employees satisfied. This review found that employees find the work itself satisfying when they see how they support the organization’s mission (Haley-Lock, 2007), chances to move up in the company, autonomy, (Weisberg & Dent, 2016), and inclusivity (Brimhall, 2019), and workplace relationships (Mathieu & Nabiak, 2016; Slater & Slater, 2018) are related with job satisfaction.

Article Summaries (Online Protection Laws Of Children)

Journal of Nonprofit Innovation

No abstract provided.

Online Safety Laws By Country, Haoming Song, Angie Holzer

Journal of Nonprofit Innovation

No abstract provided.

Venturefy: Partnership Spotlight 1

Journal of Nonprofit Innovation

No abstract provided.

The Power Of Protective Factors: A Framework For Mental Health Action And Education, Rich Stowell

Journal of Nonprofit Innovation

Mental health advocates, practitioners, and research have long used the framework of risk factors and protective factors to understand mental health. This article examines the origins of the concept of protective factors and describes how it contributes to the applications of resources in the mental health space.

What Do Refugees Need Most, Micah Stepan, Hayley Gorham

Journal of Nonprofit Innovation

Refugees often struggle in their new country upon arrival. After fleeing their war-torn homeland and daring to survive an equally perilous journey to freedom through unknown landscapes, refugees often find that adjusting to the new country providing them shelter and safety is just as difficult as the journey it took them to get there. When refugees arrive in their new country, everything is new. Often, they arrive with just what is on their backs, and they begin a new fight for survival at the bottom of the economic food chain. In short, everything is a challenge.

Refugees And Migrants - A World On The Move, Beverli J. Dewalt

Journal of Nonprofit Innovation

With the increasing numbers of refugees and migrants worldwide, particularly over the past decade, being informed about current issues and trends is important for nonprofits working in this arena. This article gives an overview of statistics, trends, data, and policies related to refugees and migrants. This article also briefly reviews key areas nonprofits help in this sector and encourages collaboration and community involvement. Additional resources for further reading are also provided.

Helping Refugees Heal Through Yoga - The Healing Method, Yoga Will Heal

Journal of Nonprofit Innovation

Refugees have often gone through traumatic experiences, which opens the opportunity for healing tools to be presented in refugee camps and community groups. The Mental Health Foundation states that “trauma can make you more vulnerable to developing mental health problems. It can also directly cause post-traumatic stress disorder” (Mental Health Foundation, 2023). The Healing Method: A Mental Health Approach to Yoga can be a healing tool for many refugees in coping with areas of mental health and trauma.

Migrants And Refugees

Journal of Nonprofit Innovation

No abstract provided.

Migrants, Refugees And Human Trafficking, Angie Holzer

Journal of Nonprofit Innovation

As the migrant and refugee numbers show a continual growth around the world, there is a pressing need to find solutions to end the suffering of migrant women, men, and children as they become victims of human trafficking. Understanding the current situation and the challenges that exist with migrants and refugees can lead to finding ways of developing preventive measures, including (1) prosecuting traffickers, (2) protecting victims and (3) cooperating in counter-trafficking efforts, according to the World Migration Report in 2022 and the Survivor Inclusion Initiative in 2021. New research needs to be pursued, policies and programs need to be …

Reach Out Today, Micah Stepan, Hayley Gorham

Journal of Nonprofit Innovation

HQ: Utah, USA

Mission: Identify and alleviate gaps in the lives of Utah’s vulnerable children and at-risk youth to provide relief and hope.