Consider Solutions

Continuous Controls Monitoring (CCM) technologies are seeing a rapidly increasing demand as an antidote to the excessive cost of control and the need to reduce risk in organizations by moving beyond sample based control testing. Whilst there is some semantic debate about whether CCM is really testing controls or data or both, the experiences in industry demonstrate that the approach rapidly highlights and helps remediate the areas of risk associated.

Equally, the debate of the role of CCM and Continuous Audit (CA) is a stagnant one. The monitoring technology required is the same, but the perspective may differ depending on whether the focus is on the audit process or the controlled business process itself. The KPMG report subtitled ‘Using technology to drive value by managing risk and improving performance’ provides an excellent overview of the general challenges and solution types.