Management and internal audit departments continue to seek new ways to manage risk and improve performance.
Management and internal audit departments continue to seek new ways to manage risk and
Management and internal audit departments continue to actively seek new ways to gain access to valuable and timely information to manage risk and improve performance. Such efforts increasingly include Continuous Auditing and Continuous Monitoring (CA/CM) of organizational systems, processes, transactions, and controls.
Companies who deploy Continuous Auditing (CA) can leverage technology to more efficiently analyze risk data on a frequent basis. This approach helps the detection of anomalies, outliers, inconsistencies and other factors to more efficiently focus audit resources.
Continuous Monitoring (CM) provides management with information on key performance metrics in close to real-time, allowing them to have better insight into issues as they arise, thereby improving their ability to manage risks and opportunities.
KPMG professionals can assist with all phases of the CA/CM implementation process, including among others:
KPMG’s CA/CM Services helps bring greater efficiency, enhanced controls, earlier information, reduced complexity, and offer the following potential benefits: