Today’s internal audit environment is challenged by business processes that are rapidly changing in reaction to market conditions. Regulatory compliance, governance and industry competition are increasing in scope in order to manage changing economies and personal financial pressures that may lead to upsurges in fraud.  Internal Audit (IA) departments now have a mandate to manage these issues, ensure that risk is being mitigated and provide ongoing assurance that controls are working effectively in an accurate and timely manner.

In order to better manage an expanded workload with limited resources, many companies have implemented or begun investigating some form of Continuous Auditing, which is described by the Institute of Internal Auditors as the “automatic method used to perform control and risk assessments on a more frequent basis.”*

CaseWare™ Monitor enables Continuous Auditing of your entire business regardless of underlying systems, data sources, platforms or locations. CaseWare Monitor analyzes 100% of applicable data and presents a consolidated view of these disparate sources. Internal Audit can define the control environment using a monitoring framework, and alerts are sent when control breaches occur.

The CaseWare Monitor solution allows auditing to become more independent and repeatable. Internal Audit can now automate data analysis scripts to have more frequent testing of controls, and, with issue management workflow and distribution, can always know the status of internal controls.

Key benefits include:

• More efficient audits
  Automate analysis for 100% of the data population to identify all control breaches as they occur, moving away from ad hoc or periodic audits. Easily create customized controls using established scripting tools such as IDEA^® and ACL™.

• Provide effective oversight of your business
  Evidence and track all control breakdowns from inception to resolution. View activity for all business processes within a single controls portal.

• Improvement of business operations
  Provide key insight into the efficacy of controls and make recommendations for improvement based on empirical data.

  Continuous Auditing Solution Overview

* IIA Global Technology Audit Guide “Continuous Auditing: Implications for Assurance, Monitoring and Risk Assessment”