November’s shaping up to be an exciting month. In between electing a new President and giving thanks with family and friends, is one of the highlights of our year – Rutgers University’s World Continuous Auditing and Reporting Symposium taking place in New Jersey from Nov 7-9th. Approva’s very own Steve Boyce, VP of Alliances and Business Development will debunk the myth that continuous auditing is a far-fetched dream for audit and compliance pros. Steve will share best practices in how companies have established a continuous auditing framework by virtue of which they have the ability to report on events in a real time or a near real time environment. Harvey Pitt, former chairman of the US Securities and Exchange Commission and an Approva board member, said in a recent speech that “[we] need to move toward a dynamic model of current disclosure of unquestionably material information.” Well, continuous auditing lends that additional layer of transparency and on-demand financial information.
As you know, internal auditors have long relied on point-in-time, sample-based audits to safeguard their companies’ financial accountability and integrity. The last few years, however, have seen tremendous growth in the sophistication and capabilities of audit and compliance automation to monitor controls in real-time, bringing auditors closer to the real benefits of “continuous auditing.”
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