Continuous Monitoring vs. Continuous Auditing: Understanding Modern Audit Analytics

Key Takeaways

• Many internal audits that are conducted are simply not effective
• Continuous monitoring and continuous auditing are two discrete processes with differences that affect internal audit analytics
• Adopting and integrating continuous monitoring and auditing is the most effective way to address tomorrow’s risk today and, at the same time, continue to simplify the complexities of large-scale internal audit