Information Technology: Professor Vasarhelyi & Professor Li
Lecture #2 Part 1-2
The Real Time Economy, Latencies, and the Audit Data Standard
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Time Stamps:
00:00:06 The Hype Curve Gartner
00:06:02 Real Time Economy
00:10:17 Latencies: Inter-process Latency, Decision Latency, & Outcome Latency
00:47:47 AICPA Audit Data Standard
This lecture begins with a discussion of the hype curve gartner by Professor Vasarhelyi. Then the professor introduces students to the real time economy and explains the concept of latencies. He discusses three types of latencies: inter-process latency, decision latency, and outcome latency. Professor Li continues the lecture with a explanation of the audit data standard.
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