It could very well be the case that you are looking for something like continuous auditing. If this is the case, I can happily tell you that you are at the right address. Today I will tell you more about what it is and what you can do with it. Continuous mentoring has remained more of a goal than a reality for most of the auditors out there. It is a concept that shifts the paradigm on internal audit from the routine periodic audits of smaller transactions to a continuing review of larger volumes of financial data. This sounds really complicated and I call to tell you that it actually is complicated.
If you try hard enough to understand what it means and why people use it you can get a pretty good understanding of how to use it and how it is being used. The implementation of continuous auditing has remained a work in progress for quite a while now and only a few firms are beginning to reap its benefits. At the company called Incrammer, they've found that the perfect way of auditing allows them to provide audit at the speed of business.
What does this mean?
That way, they are better positioned to determine more accurately and quickly where to focus their energy, resources and attention, improving the quality of the audit. Continuous auditing is not easy and it takes a lot of time to get the best use out of it. This is why it is best to do a lot of research before you even try to use it. They take pride in helping auditors leverage financial analytics software bringing data analysis to the front of the audit approach. As a result, you get faster insights into the areas to focus on and ask relevant and specific questions about the reliability of the financial statements. Putting you on the driver seat of an organization’s financial control. This is a very big task if you ask me.
Hope you have a better understanding now
After reading this short text I really hope that you have gotten a better understanding of what continuous auditing is and what it is used for. It is a difficult subject so it is not for everyone to get a good understanding of it. If you would like to get more information about it I recommend you to visit incraminer.nl.