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The Need for Continuous Controls Monitoring

The Need for Continuous Controls Monitoring

by Toby Lucich on April 23, 2005

Most enterprise business processes extend past multiple business applications, and firms often struggle with ensuring that the data has been consistently accurate throughout the end-to-end process. This capability becomes even more critical as firms wander further into outsourcing and understand the full impact of regulatory compliance initiatives (e.g., Sarbanes-Oxley, Bill 198) that require firm financial controls in enterprise business processes. Recently, a set of applications that has its roots in traditional auditing processes presents an opportunity to provide this capability. Business assurance analytics (BAA) is an emerging application space that may provide a solution to ensure accountability and ultimately reduce risk, which is proving to be an important business requirement given the focus on financial controls due to regulatory compliance.

The Need for Continuous Controls Monitoring

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