Continuous auditing

Write a min. of 10 pages

What is continuous auditing?

A. Explain continuous auditing

B. What does the differentiate continuous auditing from traditional auditing?

C. Explain continuous auditing benefits

D. Explain how continuous auditing changes the nature of the audit • As internal control monitoring and transaction data testing are used on a continuous bases to evaluate management’s assertions instead of performing manual internal control and substantive detailed testing periodically

E. Give examples of applying continuous auditing methodology from recent research

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