Continuous auditing is a method used by auditors to perform audit-related activities on a continuous basis. Activities range from continuous control assessment to continuous risk assessment. Continuous monitoring is a process that management puts in place to ensure that its policies and procedures are adhered to and that business processes are operating effectively. Sample continuous monitoring benefits include increased testing coverage, greater visibility and an established fraud testing environment.

This document can be used as a guide to understanding and measuring the essential elements of an organization’s continuous monitoring and auditing process.