The Death of Continuous Auditing
As the principle author of the Institute of Internal Auditors (IIA) Global Technology Audit Guide (GTAG) on Continuous Auditing (GTAG#3), I hope that you will grant me the prerogative to state that “Continuous Auditing is Dead”. Continuous Auditing – a misnomer as it should have been called ‘Continual’ Auditing – was never fully understood or accepted by auditors or by audit clients. The idea behind Continuous Auditing was to improve…