（2006）A Continuous View of accounts.pdfVIP

A Continuous View of Accounts N FISCAL YEAR 2004-2005 , THE ROYAL to compare one set of transactions with Canadian Mounted Police (RCMP) per- another set, such as comparing transac- formed an audit to assess the appropri- tions at one office with another office. ateness and effectiveness of the control These abilities allow auditors to test the framework in place to support accounts consistency ofa process by measuring the payable (AP) activities . As a result of variability of each dimension. regionalization, the law enforcement agencys AP function is performed pri- IN SUPPORT OF AUDIT OBJECTIVES marily by seven AP groups and a network Continuous auditing contributes to indi- of satellite offices located in five regions vidual audits by supporting the identifi- across Canada . Th e function processes cation and assessment of risk and the Royal Canadian Mounted almost 500,000 payments for goods and development of scope and objectives (see services totaling approximately C $1.5 bil- Key Steps to Continuous Auditing on Police auditors ride to the lion (u s $1.31 billion) each year. page 26). F