Using data analysis in internal audit can open up many new ways to review not just financial information but protect key processes from deviating from expected norms. However, continuous monitoring has implications on business and often there is a balance to be found between continuous monitoring and continuous auditing which matches the business needs. 

We will look at the difference between continuous monitoring and continuous auditing and examine some simple methods to implement them alongside some case studies which show when they work well or how they can fail if not used properly.


Andrew Davidson

A senior manager in the Perth office, Andrew joined Johnson Carmichael in April 2014 and has led the implementation of the data analytics and IT Audit service.

The aim of the service has been to reduce both the substantive testing burden on external audits and provide additional data analytics for process improvement and management understanding. Andrew also specialises in gap analysis for data security to give additional assurance to client firms.