Continuous Auditing and Monitoring

Continuous Auditing and Monitoring

Continuous auditing (CA) & continuous monitoring (CM) are automated feedback mechanisms used by Internal Audit or Management to monitor IT systems.

CA & CM are automated feedback mechanisms used respectively by Internal Audit or ...

Continuous auditing (CA) and continuous monitoring (CM) are automated feedback mechanisms used by the internal audit or management to monitor IT systems, transactions and controls on a frequent or continuous basis, throughout a given period.

Companies who deploy CA can leverage technology to more efficiently analyze risk data on a frequent basis. This helps detect anomalies, outliers, inconsistencies and other factors to more efficiently focus audit resources.

CM provides management with information on key performance metrics in close to real-time, giving them better insight into issues as they arise, and improving their ability to manage risks and opportunities.

We help our clients to:

  • Assess and design the overall implementation plan
  • Assess risk and design query protocols and reports
  • Manage the change management process
  • Evaluate software tools and provide recommendations
  • Execute continuous audits

We strategically deploy resources from various disciplines to suit each individual client situation. IT Advisory, Internal Audit and Forensic professionals typically comprise the core team, adding industry or subject matter specific resources as appropriate.

Our firms’ resident skill sets and experience includes:

  • GRC suite tools associated with major ERP systems
  • Fraud risk assessment and anti-fraud process evaluation
  • Enterprise risk assessment
  • Risk and controls knowledge, emphasis industry-specific and compliance-driven risks.

Our firms’ CA/CM services meet the needs of key stakeholder groups:

  • Board of Directors — Deliver regular insight into the status of controls and transactions across a global enterprise. Helps to improve the overall risk and control oversight capability through enhanced detection and monitoring.
  • Management — Allow senior management to have improved visibility into the organization, enhancing oversight capabilities and providing line managers with better tools to manage day-to-day responsibilities.
  • Internal Audit — Provide early warning of problems so that IA can address control or transaction failures closer to the occurrence

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