Wednesday, July 05, 2006
Continuous Auditing Not Yet Automatic
About half of the companies that practice it also incorporate some automated elements, according to a new survey, though only a few companies have shed their manual processes entirely.
Half of U.S. companies now use "continuous auditing" techniques, according to a new survey by PricewaterhouseCoopers, and 31 percent of the rest have already made plans to do likewise.
"This may be the beginning of a significant change in the way internal auditing has traditionally been done," said PwC partner Dick Anderson, in a press release. A total of 392 companies responded to the survey.
See full Article.