The vision of Continuous Auditing (CA) and Continuous Monitoring (CM) has been around for decades, but various challenges have historically prevented or limited the full implementation of a CA/CM strategy. However, the landscape has dramatically changed and continues to evolve rapidly, making the vision of continuous auditing more achievable than ever. This session will explore the history, challenges, and roadblocks that previously hindered CA/CM, as well as provide insights into the current state and the future of these essential practices.
Learning objectives:
1) Understand the concepts of continuous auditing (CA) and continuous monitoring (CM), including the differences between the two and their interrelationship.
2) Learn about the historical challenges and limitations related to the implementation of CA and CM.
3) Explore the benefits of CA and CM, including how they can enhance efficiency, reduce risk, and provide real-time insights.
4) Discover the technologies that are enabling CA/CM and examine the evolving challenges in this landscape.
5) Understand how the landscape has changed over the past few years to allow for the realization of Continuous Auditing and Continuous Monitoring.
