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Continuous assurance auditing will send signals or messages deviated from an audit limit or parameter to...

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Accounting

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

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Answer Continuous auditing is the use of audit methods ranging from ongoing control evaluations to continuous risk assessments on a more frequent or ongoing basis Continuous auditing consists of two main components continuous risk assessment and continuous control assessment To be effective some key aspectsmethods need to be followed for better results which are explained below Continuous auditing should be approached on an incremental basis ie starting small and building on each success When developing    See Answer
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