Continuous Monitoring vs. Continuous Auditing: Understanding Modern Audit Analytics

Key Takeaways

The internal audit function can be rendered ineffective when lacking meaningful analytics. This makes the shift toward a data-driven approach, such as continuous monitoring and continuous auditing, crucial. Audit analytics has evolved from being an exclusive tool wielded by forward-thinking auditors to now a fundamental requirement for the effectiveness of internal audit teams. Organizations can enhance risk assurance, risk management, and internal audit efficiency by adopting these approaches.

In this e-Book, you’ll learn about:

• Why many internal audits are simply ineffective
• The similarities and differences between continuous auditing and continuous monitoring
• Which parts of the organization are responsible for continuous auditing vs. continuous monitoring
• How you can reach optimal effectiveness by utilizing both in your internal audit strategy
• Common challenges businesses face when transitioning to a continuous auditing environment 
• How you can follow a five-phase approach for continuous auditing implementation

Download this e-Book to learn more about how continuous auditing and continuous monitoring can impact both your internal audit team and your business for the better. It might seem like a challenge at first, but it’s possible with a flexible platform and team of experts that can help you along the way. 

Table of Contents:

• Introduction
• Chapter 1: The Difference in a Nutshell
• Chapter 2: Which Do You Need? Both?
• Chapter 3: The Challenges of Moving to Continuous Auditing
• Chapter 4: The Benefits of Moving to Continuous Auditing
• Chapter 5: Adopting a Continuous Auditing Approach: Five Stages

Are you ready to take the next step? Contact us to learn more about how Workiva supports continuous auditing and monitoring.