Continuous auditing & continuous monitoring: Continuous value?

Rutger van Hillo*, Hans Weigand

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

3 Citations (Scopus)

Abstract

Advancements in information technology, new laws and regulations and rapidly changing business conditions have led to a need for more timely and ongoing assurance with effectively working controls. Continuous Auditing (CA) and Continuous Monitoring (CM) technologies have made this possible by obtaining real-time audit evidence and enabling organizations to review whether controls and systems function as intended on an ongoing basis. Although organizations understand the benefits of CA/CM, the current state of adoption is relatively low not the least because organizations find it difficult to quantify the value. This research used a design research approach to develop a framework that addresses the added value of redesigned internal controls within IT-supported business processes of organizations. The value of the CA/CM is broken down into three distinguished domains, Efficiency, Assurance and Quality. The Waterfall method is proposed as visualization method in order to indicate a possible cost saving and value increase of a redesigned control clearly. The framework has been tested and evaluated within a case organization. It can be concluded that the framework is applicable for providing more insights in the value of CA/CM.

Original languageEnglish
Title of host publicationProceedings of the 10TH IEEE International Conference on Research Challenges in Information Science (RCIS 2016)
EditorsS Espana, J Ralyte, C Souveyet
Place of PublicationGrenoble
PublisherIEEE
Pages27-37
Number of pages11
ISBN (Electronic)9781479987108
DOIs
Publication statusPublished - 2016
EventIEEE 10th International Conference on Research Challenges in Information Science - Grenoble, France
Duration: 1 May 20163 May 2016

Publication series

NameInternational Conference on Research Challenges in Information Science
PublisherIEEE
ISSN (Print)2151-1357

Conference

ConferenceIEEE 10th International Conference on Research Challenges in Information Science
Abbreviated titleRCIS 2016
Country/TerritoryFrance
CityGrenoble
Period1/05/163/05/16

Keywords

  • continuous monitoring
  • business value

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