Advanced Continuous Auditing and Monitoring Course

OBJECTIVE
Training on how to apply continuous auditing and monitoring approach to the appropriate transaction flows and other internal audit assignments. This internal audit approach provides more timely and ongoing assurance concerning detailed controls operations. This workshop focuses on identifying what must be done to make effective use of information technology in support of continuous auditing.

CONTENT
Introduction and Background
• An Integrated Audit Approach
• Trends in the Internal Audit Industry
• What is Continuous Auditing (CA)?
• What is Continuous Monitoring (CM)?
• What is Continuous Assurance?
• What are the Pros and Cons?
• Is Continuous Auditing an Attainable Goal?
• Elimination of Audit Waste
• Hurdles to Implementing Continuous Auditing

Steps to Implementing a Continuous Audit
• Identifying High Risk Areas
• Setting Monitoring & Continuous Audit Rules
• Process Frequency
• Configuring Audit Parameters
• Communication of Results
• Challenges and Other Considerations

How does CA/CM Support Audit?
• Development of Audit Plan
• Applications for Continuous Control Assessment
• Applications for Continuous Risk Assessment
• Decrease in Testing Phases

FOR WHOM: All Internal Auditors and Other Managers/Officials who perform related functions in the both the Public and Private Sectors.
METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH:         22nd – 25th Apr,               2025
2ND BATCH:       4th – 7th Nov,                   2025