Answers
Continuous auditing runs audit checks on an ongoing basis—monitoring transactions, flagging anomalies, and scoring risk in real time rather than only during periodic fieldwork.
Continuous monitoring is often a management control activity; continuous auditing applies audit methodology, documentation, and professional judgment to ongoing analytics with defensible trails.
No. Many firms add continuous triage and evidence layers alongside existing planning and workpaper tools—coexisting rather than rip-and-replace.
High-volume areas—payables, journal entries, revenue lines—where full-population screening beats periodic sampling.
Start with conservative thresholds, segment populations, combine rules with a precision pass, and document threshold changes for reviewers.
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