Fraud Losses Halted as Continuous Auditing Transforms Business Oversight
Continuous auditing is a new way to check for fraud in companies more frequently. Instead of waiting a whole year to review stuff, auditors do it as things happen. They use computers to analyze data quickly and easily. This real-time auditing helps catch mistakes early. It also looks at whether company systems and processes are safe and working well. Setting up the computer systems for continuous auditing takes time and skill, but it saves money in the long run. Auditors can even check data from afar, cutting costs and time. This method makes audits faster, cheaper, and more effective at spotting problems as they happen.