Although it is becoming increasingly important that companies have better insight into their business processes at any given moment, allowing them to adapt to changes in the environment, legislation and their organization, only a limited number of companies are capable of adequately addressing and providing insight into key risks.
This is shown by KPMG’s recent international research performed amongst seven hundred organization’s in the EMA region. Although a majority of the companies acknowledge the necessity of being able to quickly identify when control measures fail, only 9% of companies have introduced any form of Continuous Auditing and Continuous Monitoring (CA/CM).
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