Companies are using the power of computing to develop continuous monitoring approaches to identify control problems early
Question:
Companies are using the power of computing to develop continuous monitoring approaches to identify control problems early and to take corrective action on a timely basis.
a. Explain how the concept of continuous monitoring might be applied in a computerized application that processes sales orders and records sales.
b. Select one of the following Web sites:
● Oversightsystems.com
● ACL.com Explain the types of products that each firm provides and how the products might help an organization implement effective monitoring over computer operations. To what extent are the software products (1) another control to be implemented versus (2) an approach to control monitoring? Explain.
Step by Step Answer:
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg