Assessing business processes by checking transaction documents for inconsistency risks and a tool for risk assessment

Takafumi Komoto*, Kokichi Futatsugi, Nobukazu Yoshioka

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Business processes can be assessed by checking transaction documents for inconsistency risks and can be classified into two categories. Inconsistency refers to a mismatch between items (product name, quantity, unit price, amount price, etc.) among transaction documents. For any process in the first category, the consistency of any pair of transaction documents in the process is checked, and there is no risk of inconsistency. For any process in the second category, the consistency of some pairs of transaction documents in the process cannot be checked, and there is a risk of inconsistency. This paper proposes a method and a tool for the assessment of risk inconsistencies. The assessment can be used to design and evaluate business processes for a company’s internal control over financial reporting. A business process diagram and inconsistency risk detection algorithm for classifying business processes is provided. A BPA-tool (Business Process Assessment tool) is also presented.

Original languageEnglish
Title of host publicationBusiness Modeling and Software Design - 6th International Symposium, BMSD 2016, Revised Selected Papers
EditorsBoris Shishkov
PublisherSpringer Verlag
Pages70-82
Number of pages13
ISBN (Print)9783319572215
DOIs
Publication statusPublished - 2017
Externally publishedYes
Event6th International Symposium on Business Modeling and Software Design, BMSD 2016 - Rhodes, Greece
Duration: 2016 Jun 202016 Jun 22

Publication series

NameLecture Notes in Business Information Processing
Volume275
ISSN (Print)1865-1348

Conference

Conference6th International Symposium on Business Modeling and Software Design, BMSD 2016
Country/TerritoryGreece
CityRhodes
Period16/6/2016/6/22

Keywords

  • BPA-tool
  • Checked documents matrix
  • Inconsistency risks
  • Internal control
  • Reliability
  • Transaction documents

ASJC Scopus subject areas

  • Management Information Systems
  • Control and Systems Engineering
  • Business and International Management
  • Information Systems
  • Modelling and Simulation
  • Information Systems and Management

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