As many 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 fulfill corporate objectives. Continuous Auditing and Continuous Monitoring offers a broad range of potential benefits that can help organizations add value and improve overall business performance. CA/CM can deliver regular insight into the status of controls and transactions across the global enterprise, enhancing risk and control oversight through monitoring and detection.

Across organizations and industries, while the definitions may vary, the goal of CA/CM is to provide greater transparency into operations and timelier reporting of concerns. In its infancy, CA and CM were viewed by many as excellent concepts in theory, but not very practical to implement. However, now that technology has made great strides and the expectations of management and the internal audit team have evolved, more and more companies are realizing that CA and CM can deliver better information management, timely identification of errors or fraud, and a stronger internal control environment.

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