... and Sutton, 2006). The differences between a traditional audit and a fully continuous audit that lead to the touted benefits are shown in Table I (Vasarhelyi et al., 2012a). Internal controls Continuous auditing Audit tools Continuous monitoring Not-for-profits M420 There has...

... planning (ERP) systems record several thousands of transactions daily. This makes it difficult to find a few instances of anomalous activities among legitimate transactions. Although continuous auditing and continuous monitoring systems perform substantial analytics, they often produce lengthy reports...