Leveraging Continuous Auditing / Continuous Monitoring in internal ...
Leveraging Continuous Auditing / Continuous Monitoring in internal ...
Leveraging Continuous Auditing / Continuous Monitoring in internal ...
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Key to success1. Invest <strong>in</strong> the solution by allocat<strong>in</strong>g budget, develop<strong>in</strong>g an Annual Operat<strong>in</strong>g Plan (AOP), anddemonstrat<strong>in</strong>g a ROI (How many audits will you replace?)2. Set project expectation with program stakeholders (F<strong>in</strong> Ops IA, IT and Bus<strong>in</strong>ess) early andoften (What will their <strong>in</strong>volvement and time <strong>in</strong>vestment be? What is the plan to have thebus<strong>in</strong>ess monitor?)3. Include project stakeholders <strong>in</strong> all phases of the project4. Invest appropriately <strong>in</strong> the requirements and design phases to understand data, and validatedata5. Establish clear program roles and responsibilities to ensure functional skill sets align withobjectives6. AOP should <strong>in</strong>clude total solution cost <strong>in</strong>clud<strong>in</strong>g ongo<strong>in</strong>g ma<strong>in</strong>tenance (e.g. Software,Hardware, and Resource)7. Design the new bus<strong>in</strong>ess process to manage the audit through the tool <strong>in</strong>stead of us<strong>in</strong>g the toolto auditPwC15
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