@inproceedings{c23d619fda064488b5f53fa41fa3cc0a,
title = "Continuous auditing & continuous monitoring: Continuous value?",
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.",
keywords = "continuous monitoring, business value",
author = "{van Hillo}, Rutger and Hans Weigand",
year = "2016",
doi = "10.1109/RCIS.2016.7549279",
language = "English",
series = "International Conference on Research Challenges in Information Science",
publisher = "IEEE",
pages = "27--37",
editor = "S Espana and J Ralyte and C Souveyet",
booktitle = "Proceedings of the 10TH IEEE International Conference on Research Challenges in Information Science (RCIS 2016)",
note = "IEEE 10th International Conference on Research Challenges in Information Science, RCIS 2016 ; Conference date: 01-05-2016 Through 03-05-2016",
}