The Business Edge

Auditing and Accounting In the Age of the COVID-19 Pandemic and Its Aftermath

May 04, 2020 Feliciano School of Business
The Business Edge
Auditing and Accounting In the Age of the COVID-19 Pandemic and Its Aftermath
Show Notes

In this episode Dr. Deniz Appelbaum, Assistant Professor in the Department of Accounting & Finance discusses auditing and accounting in the age of the COVID-19 pandemic and its aftermath.  Dr. Appelbaum discusses a recent paper she co-authored which provided recommendations on how to continue the auditing process during this pandemic.   This interview was recorded on May 1, 2020.

Dr. Appelbaum discusses several questions related to how to conduct auditing during the current coronavirus pandemic including the following:

  • Prior to the coronavirus what were some of the typical audit collection procedures?
  • How have auditing collection procedures changed since the start of the coronavirus pandemic?
  • How can an auditor satisfy the physical requirements of inventory observation while practicing social distance?
  • How can real time video and streaming services be utilized during the auditing process? 

Dr. Appelbaum received her PhD from the Department of Accounting and Information Systems at Rutgers Business School, Newark in May 2017. She enriches her academic pursuits with a practical view, after twenty years of experience in operations, credit, and business development in the corporate world.

Dr. Appelbaum has published manuscripts in Accounting Horizons, Journal of Emerging Technologies in Accounting, and in other academic and practitioner journals, based on her research regarding analytics, big data, and automation in financial auditing and accounting. Prior to teaching at Montclair State, her graduate research at Rutgers focused on financial fraud detection and prevention with automated analytics, data transparency of governmental financial reporting, analytical procedures in the external audit process, drones and robotics in auditing and accounting, and blockchain and big data as audit evidence. Dr. Appelbaum continues to emphasize these streams of research with numerous projects and forthcoming publications, and with presentations at accounting organizations and at national and international conferences. Dr. Appelbaum emphasizes the use of data analytics and appropriate software tools in the classroom, to prepare accounting and auditing students for the technically advanced modern business environment. The accounting and auditing professions are currently undergoing huge disruptions due to technical innovations, and Dr. Appelbaum is devoted to assisting her students to prepare for these changes.