The Value of Continuous Auditing

Abstract

Is there value in Continuous Auditing? This question can arise whenever the Audit professional seeks to introduce a new auditing technique to their firm. A change such as this will quite likely involve some combination of additional support from the Audit department and executive management, more personnel, disruption to the company's audit plan, or increased cost. Companies do not wish to incur the potential pain in changing a properly functioning process, unless there are clear benefits. This article will not only describe the value derived from Continuous Auditing, but also an implementation approach and the stages for introducing Continuous Auditing.

Notes

Foley, Frank, General Auditor, Union Bank of California, San Francisco, California, March 9, 2007.

Johnson, Nancy, Audit Senior Vice President, Union Bank of California, San Francisco, California, March 13, 2007.

Lumsey, Andre, Audit Senior Vice President, Union Bank of California, San Francisco, California, March 9, 2007.

Yahn, Susan, Audit Vice President, Union Bank of California, San Francisco, California, March 9, 2007.