For many auditors, continuous auditing remains more of a goal than a reality.
The concept—which shifts the internal auditing paradigm from routine periodic audits of a small sample of transactions, to the ongoing review of much larger volumes of data—has proven difficult to put into practice. Financial and audit executives warmed to the idea of continuous auditing (and monitoring) some time ago, yet implementation remains a work-in-progress. Despite its potential, only a few organizations have begun to realize the benefits.
