Continuous assurance auditing will send signals or messages deviated from an audit limit or parameter to internal auditors. What auditing standards and methods are necessary to ensure the effectiveness and efficiency of continuous auditing services?

Answered: Continuous assurance auditing will send…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Continuous assurance auditing will send signals or messages deviated from an audit limit or parameter to internal auditors. What auditing standards and methods are necessary to ensure the effectiveness and efficiency of continuous auditing services?

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Continuous assurance auditing is an automated process that runs on a regular basis to provide ongoing assurance over business processes and transactions. The key to the effectiveness and efficiency of continuous auditing services is to have clear auditing standards and methods in place.

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