（2008）Continuous auditing and Continuous Monitoring：Transforming Internal Audit and Management Monitoring to Create Value.pdfVIP

Continuous Auditing and Continuous Monitoring: Transforming Internal Audit and Management Monitoring to Create Value advisory Continuous Auditing and Continuous Monitoring: Transforming Internal Audit and Management Monitoring to Create Value As global organizations aim to address the rapidly evolving and often complex risk environment and meet ever-changing regulatory, business, and industry requirements, leaders are searching for innovative ways to efficiently meet corporate objectives. Many have begun to advance their efforts by implementing continuous auditing (CA) and continuous monitoring (CM) disciplines around their organizational processes, transactions, systems, and controls. Leveraging proactive, technology-based applications to manage performance and key areas of risk and control has become a practical and necessary alternative to meet the growing needs of the organization. Together, CA and CM offer a broad range of benefits that can help organizations add value and improve business performance. CA/CM can deliver regular insight into the status of controls and transactions across the global enterprise, enhancing risk and control oversight capability through monitoring and detection. What Is Continuous Auditing and Continuous Monitoring? Across organizations and industries, while Integrated CA/CM Model the definitions may vary, the goal of CA/ CM is to provide greater transparency into the operations and more timely reporting – Enterprise Risk + of concerns. Continuous auditing consists of the automated collection of audit evidence and indicators by an internal or Continuous Monitoring Continuous external auditor from an entity’s IT systems,