​Continuous Auditing: Putting Theory Into Practice​

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One internal auditing topic that has been of great interest to me over the years is that of continuous auditing. I believe that the technique offers a great opportunity for internal auditing to move to the next level of service and value to its stakeholders — providing them with the assurance they need, when they need it.

I have previously shared a paper I wrote on a concept I call Continuous Risk and Control Assurance, and received excellent feedback for it.

Recently, I was asked to contribute a chapter on continuous auditing to a forthcoming internal auditing book. I was happy to do so, and can share the draft with you for comment.

Both of these documents can be downloaded from my LinkedIn pr​of​ile page (in the Norman Marks's Files section, where I have several documents of interest available for download including a report from KPMG on continuous auditing). Direct links to the two documents are:


Do the views in these papers match with yours? Have you achieved broad success in your continuous auditing program (i.e., it is not limited to a focus on fraud detection, or errors in transactions, but extends to multiple business risks)?​​


 

 

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