Continuous Auditing: An Effective Tool for Internal Auditors

Internal Auditing, 21(2): 27-35, March-April 2006

23 Pages Posted: 31 May 2006 Last revised: 5 May 2014

See all articles by Donald Warren

Donald Warren

Rutgers University

Murphy Smith

Texas A&M University-Corpus Christi-Department of Accounting

Date Written: 2006

Abstract

Increasing corporate accountability and regulatory pressure push internal auditors to develop new ways to enhance effectiveness and efficiency in their work. Once-a-year reviews are often insufficient. Consequently, continuous auditing is necessary to meet the needs of a firm's stakeholders. Continuous auditing is any of the methods used by auditors to perform an audit on a continuous basis. Continuous auditing tests transactions based on prescribed criteria, identifies anomalies, and is the responsibility of the auditor. This article addresses the potential impact of the current environment on continuous auditing and its stakeholders.

Keywords: continuous auditing, accounting information systems

JEL Classification: G3, G34, M41, M49

Suggested Citation

Warren, J. Donald and Smith, Murphy, Continuous Auditing: An Effective Tool for Internal Auditors (2006). Internal Auditing, 21(2): 27-35, March-April 2006. Available at SSRN: https://ssrn.com/abstract=905144

J. Donald Warren

Rutgers University ( email )

180 University Avenue
Newark, NJ 07102
United States

Murphy Smith (Contact Author)

Texas A&M University-Corpus Christi-Department of Accounting ( email )

6300 Ocean Dr
Corpus Christi, TX 78412
United States

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