|12th January 2012:|
What is the role of Continuous Assurance and Continuous Monitoring?Despite the efforts in improving assurance over the past decade, 2011 saw more significant corruption and accounting scandals associated with fraudulent and undesirable behaviour.
Reliance on the external audits is not sufficient and we are even seeing the impact of misplaced confidencein expensively developed internal control systems.The problem seems to be spreading rather than reducing.
The Forbes review of scandals in China makes for salutary reading
In our webinar, Continuous Assurance: The Next Frontier, we challenge some of our closely held assumptions about business risk, processes, controls and systems and share practical experiences in the field of continuous assurance combined with best practices, insights into business examples and the business case for action.
On the topic of risk and control, John Davies of Marsh & McLennan makes a strong case for developing common sense into common practice at:
In the same vein, we continue to see massive evidence for the claim that ‘CONTROLS Monitoring not enough’ . . .