Information technology (IT) continues to change how organizations function, communicate, and conduct business with customers, allies, and agents. Directors, audit committees, management, and stakeholders increasingly expect their auditors to be proficient in the use of technology to develop a thorough understanding of the control environment. Internal audit response requires understanding future audit processes and continuous auditing techniques, such as better use of interrogation software and intelligent software agents that provide pattern-recognition models to identify risks. Impact on internal audit processes and methodologies will be revolutionary.
This section of AuditNet is devoted to providing resources, educate and encourage discussion on this technology topic for the benefit of the global audit community.
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ARTICLES (Google Search Results)
- Adopting Continuous Auditing/Continuous Monitoring in Internal Audit - ISACA
- Continuous Auditing and Monitoring: What is the Difference by John Verver
- Continuous Auditing: Leveraging Technology by DeWayne L. Searcy and Jon B. Woodroof
- Recommendations for an Effective Continuous Audit Process
- Six Steps to a Continuous Audit Process - IIA Article
Global Technology Audit Guide (GTAG) 3: Continuous Auditing: Implications for Assurance Monitoring and Risk Assessment - An evolving regulatory environment, increased globalization of businesses, market pressure to improve operations, and rapidly changing business conditions are putting increased pressure on CAEs and their staff to provide more timely and ongoing assurance that controls are working effectively and risk is being mitigated.
Continuous auditing changes the audit paradigm from periodic reviews of a sample of transactions to ongoing audit testing of 100 percent of transactions. This guide focuses on assisting CAEs with identifying what must be done to make effective use of technology in support of continuous auditing and highlights areas that require further attention.
Continuous Auditing - A Strategic Approach to Implementation - CaseWare IDEA Research Report
Compliance 360 The Internal Audit software solution from Compliance 360 helps you easily tailor processes to fit your unique requirements as you automate critical tasks throughout your audit planning, audit fieldwork, audit reporting and follow-up processes.