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Continuous Auditing and Monitoring - In-Person

Continuous Auditing and Monitoring - In-Person

The more continuous monitoring that is accomplished, the more the risks are reduced. Continuous monitoring and auditing involves performing control and risk assessments on a frequent basis, if not virtually in real-time. As technology has improved there has been an increased adoption of continuous auditing as a vital monitoring tool.


This seminar walks through the process of continuous auditing from start to finish and prepares you to create your own customized continuous audit program. It provides unique training on how to design, implement and improve a continuous auditing and monitoring approach for auditors. We present examples from our clients and specific controls to establish for monitoring on a regular basis.


This continuous approach provides a more timely assessment of the operation of internal controls. Continuous auditing has changed the internal auditing paradigm from periodic reviews of a small sample of transactions to ongoing audit testing of volumes of transactions. This CPE seminar focuses on identifying what must be done to make effective use of information technology in support of continuous auditing.


This timely, four hour CPE seminar is designed for internal audit management, compliance managers, controllers, CFO's and others who have to create value within the internal audit function.


This internal control training course will provide each attendee with 4 CPE Event Hours (YB). A certificate of completion will be provided.

  • Details on Event Presentation


    Being offered on Mondays at 8:45 a.m. to 12:30 p.m.

  • CPE Event Highlights

    This CPE event reviews and answers the following questions:

    • Continuous Auditing Methodology Defined

    • Best Practices in the Internal Audit Function

    • Steps to implement a continuous auditing program

    • Value of continuous auditing and monitoring

    • Application to Sarbanes-Oxley testing

    • Review of automated audit tools: IDEA, ACL, Approva, etc.

  • Learning Objectives

    • Attendees will understand the continuous auditing concepts

    • Attendees will see how to improve inter-period controls monitoring

    • Attendees will learn how to use a continuous auditing approach

    • Attendees will improve cost-effectiveness of their internal audit function

  • Key Issues on the Agenda


    Section 1 - Introduction and Definitions

    • Do you use personal continuous auditing & monitoring?

    • What is Continuous Monitoring (CM)?

    • What is Continuous Auditing (CA)?

    • What is assurance?

    • What is continuous assurance?

    • "The Inverse Relationship"

    • COSO 2013 - Seventeen Integrated Principles

    Section 2 - Client Examples of CAM Systems

    • Monitoring a financial database

    • Monitoring a fleet

    • Banking regulatory reporting

    • Retail dashboards

    • IT security administration

    • Disbursement fraud

    • Call Center operations

    Section 3 - Software Market Leaders

    • Traditional approach to auditing

    • Benefits of a CAM program

    • Auditor tools

    • Substantive testing

    • Internal Control testing

    • Challenges and other considerations

    Section 4 - Evaluating the "Build" or "Buy" Decision

    • If we build it we own it

    • General Audit software

    • Buy criteria

    • Substantive testing

    • Internal Control testing

    • Challenges and other considerations

    Section 5 - Designing the Continuous Auditing Program

    • Culture and politics

    • Are you ready for continuous auditing? - Challenges of implementation

    • Define the objectives

    • Project management techniques

    • Identity risks, controls and audit tests

    • Establish data use requirements

    • Pilot the system

    • Refine the system

    • Report and "manage" results

    Section 6 - Implementing Continuous Auditing for Sarbanes-Oxley Act Compliance

    • Sarbanes-Oxley Act

    • SEC focus on "ICFR"

    • SOX Guidance

    Section 7 - Implementing Continuous Auditing for Information Technology

    • Access security

    • Development, change, and implementation

    • Operations, backup, restoration and recovery

    • IT vendor management

    Section 8 - Implementing Continuous Auditing for Financial Control and Fraud

    • Occupational Fraud

    • Areas of Fraud

    • Excluded parties listings

    • Financial transactions and fraud

    Section 9 - Case Study Example

    • IDEA and Monitor

    • Usage Examples

    Section 10 - Summary and Wrap-up

  • NASBA Program Disclosure

    Program Level of Understanding: Basic

    Prerequisites: None

    Advance Preparation: None

    Delivery Format: On-site Training (Group-Live); Seminar (Group-Live)

    NASBA Field(s) of Study: Auditing CPE Credits: 4, based on 50 minutes of instruction per hour

  • Summary of the Subject Matter

    This in-person CPE event "Continuous Auditing and Monitoring" delves into the pivotal role of technology in transforming traditional internal audit practices.

    This in-person comprehensive seminar offers a deep dive into the evolution of audit methodologies, emphasizing the integration of automated tools and monitoring systems to enhance audit efficiency, accuracy, and risk mitigation. By exploring the dynamic landscape of continuous auditing, the event seeks to equip professionals with the knowledge and skills required to leverage technology for real-time data analysis, anomaly detection, and proactive risk management.

    Furthermore, the seminar sheds light on best practices for implementing and maintaining a robust continuous auditing framework, enabling attendees to harness the power of technology to elevate audit quality, streamline processes, and adapt to the evolving regulatory landscape.

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