（2006）Continuous monitoring of business process controls：A Pilot Implementation of a Continuous auditing System at Siemens（Discussion3）.pdfVIP

International Journal of Accounting Information Systems 7 (2006) 167 – 169 Discussion Continuous monitoring of business controls: A pilot implementation of a continuous auditing system at Siemens Discussants comments Clyde Rogers 53-1169 Dorval Drive, Oakville, On Canada, L6M 4V8 Received 14 November 2005; received in revised form 14 March 2006; accepted 16 March 2006 The topic and concept of Continuous Auditing is of interest to many constituents such as business executives, academics and auditors to provide for the identification and reporting of information on a “holistic or complete portfolio and as close to real time” basis. This is being largely motivated and influenced by changing regulatory and stakeholder requirements including the COSO control framework and the Sarbanes/Oxley Act. The concept has been receiving a considerable amount of attention and study by academics, technology vendors and auditors as well as interest in the business community. The next step in this evolution or maturity of continuous auditing is to have “day to day practitioners” move the implementation phase forward. This pilot project was a good first step towards this objective in that the need was identified by the business, which in turn solicited the support and participation of academics. The value of the project is further enhanced by both the brand profile of Siemens Corporation and the reputation of Rutgers Business School. The following comments and overview are based on my personal experience through research/benchmarking and front line experience as Senior Director, Continuous Auditing for a major bank. These co