Continuous Auditing defines the technologies and processes that allow an on-going review and analysis of business information on a real time basis. Continuous auditing will require specialized skills of audit personnel to monitor information electronically and incorporate the use of intelligent agents, computer modeling and other software tools. Continuous auditing will give end users of information more timely assurance that the information is correct and may eventually lead to continuous reporting where financial information is updated and published as events occur.
GTAG 3: Continuous Auditing: Implications for Assurance, Monitoring, and Risk Assessment
Posted with permission by The Institute of Internal Auditors, this guide assists audit practitioners in focusing on what needs to be achieved to maximize their technology assets effectively towards running a continuous audit program. Learn More>>