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

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:

lOversightsystems.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.

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a Application of Continuous Monitoring in Sales Order Processing Step 1 Understanding Continuous Monitoring Continuous monitoring refers to the realtime or nearrealtime surveillance of transactions an... View full answer

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