（2005）Continuous auditing：verifying information integrity and providing assurances for financial reports.pdfVIP

AUDITING members and the board structure was Continuous auditing: established by law as a vehicle to ensure its continuity and to fix a locus of responsi- verifying information bility for control30. The board is generally viewed as fulfilling its formal responsibili- ties supported by the legalistic argument integrity and providing which indicates that directors must exer- cise reasonable business judgment in the assurances for interests of the shareholders while remain- ing loyal to the interests of the firm.3 Although the law gives the board the for- financial reports mal power to control the firm, it provides no specific method to do so.4,18 Stephen Flowerday*, Rossouw von Solms, Department of The method whereby the board