IIA-Australia Factsheet - Data Analytics and Continuous Control Monitoring 

IIA-Australia Factsheet - Data Analytics and Continuous Control Monitoring 

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Author

IIA-Australia

Date

 2022

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

Data Analytics (DA) and Continuous Control Monitoring (CCM) are not new concepts and the appeal of automating analytics to CCM is clear. Once organisations have established a foundation of significant analytics that are repeatable the natural next step is to implement a more frequent process. This can take the form of repeatable DA, continuous audit, or a wider reaching CCM program. 

Key Points

  1. The question of ownership depends on the nature of the organisation, and the maturity within business units to champion DA or CCM.
  2. Both DA and CCM provide significant benefit for internal auditors and business unit managers.
  3. The processes subject to CCM are often the more stable and mature controls within an organisation. 

Relevant Industries

All

Level of Assumed Knowledge

Intermediate