Chapter 11
Continuous Auditing Conditions
Conditions
In this chapter, we define and describe the critical conditions that assist in the creation, implementation, and maintenance of a successful continuous auditing methodology. In addition, we break down in more detail specific conditions regarding business unit management, internal audit department, and technology. Although the identified conditions provide an outline and support to ensuring the success of a continuous auditing methodology, all conditions do not have to be present in order to begin developing the specific methodology requirements. The conditions provide a baseline guide to the details needed when discussing and developing the continuous auditing program components with the audit team and potential business unit partners. Because of the amount of time and effort required to develop, plan, and execute a detailed continuous auditing program, it is critical to recognize and understand the current state of the conditions to be discussed as you begin considering the custom components of your own continuous auditing methodology. With this knowledge, you will be able to identify potential pitfalls in the creation process and potentially avoid them.
The condition discussion is divided into three different sections: business unit management, internal audit, and technology. In each section, we discuss specific conditions as they pertain to each owner. Even though the discussion begins with business unit management, it does ...
