Continuous Monitoring

A continuous audit is an internal process that examines accounting practices, risk controls, compliance, information-technology systems, and business procedures on an ongoing basis. Continuous audits are usually technology-driven and designed to automate error checking and data verification in real time
A continuous-audit–driven system generates alarm triggers that provide notice about anomalies and errors detected by the system.

• Continuous auditing requires the ongoing assessment of accounting practices and risk controls.
• This auditing practice helps continually assess the effectiveness of controls.
• Continuous audits are most often used when new procedures are implemented as a way to track effectiveness.