Design and Implementation of Continuous Monitoring and Auditing in <scp>SAP</scp> Enterprise Resource Planning

Singh, Kishore; Best, Peter

doi:10.1111/ijau.12051

Cited by 10 publications

(6 citation statements)

References 28 publications

(43 reference statements)

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“…An effective CCM implementation should reduce the amount of detailed testing that internal auditors are required to perform. A positive side effect is that the internal audit function may focus their efforts on areas of the organization with the greatest need (Singh and Best, 2015). Further potential benefits include cost reductions through improved efficiency and effectiveness, increased coverage of test of controls through whole of population analysis, reduced risk and potentially reduced remediation cost, along with greater governance visibility and the ability to identify trends (Vohradsky, 2015).…”

Section: Continuous Controls Monitoringmentioning

confidence: 99%

Auditing during a pandemic – can continuous controls monitoring (CCM) address challenges facing internal audit departments?

Singh

Best

2023

PAR

Self Cite

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Purpose During a pandemic, with businesses implementing social distancing protocols and work-from-home strategies, the use of continuous controls monitoring (CCM) may add value to the internal audit function. This study aims to examine the use of CCM technologies and the impact on the internal audit function during a pandemic. Design/methodology/approach This study adopted a case study approach for this study because it focuses on questions of “how” and “what.” Case studies provided an opportunity for an in-depth analysis of the phenomena being investigated. Semi-structured interviews were used to collect data. This study did not use sampling. Instead, multiple case studies were used for data collection. Findings Based on the findings, this study makes several contributions to the literature, for example, in health-care evidence suggests the pandemic has caused internal audit to focus on risk areas. Other industries, such as retail, have invested in CCM. However, in all cases, education and preparedness (or the lack thereof) appeared to significantly influence uptake of CCM. Organizations that made prior investments in CCM technologies experienced greater acceptance in the face of changing demands. Training in emerging technologies is a key competency in supporting audit operations in changing environments. Research limitations/implications As the study was conducted with a small sample of cases, findings cannot be extrapolated nor generalized beyond the case study organizations. Practical implications This study found that several factors limit adoption, exploitation and further development of CCM technologies, such as lack of top management support, acceptance of CCM technologies and suitable education and training of internal audit staff. Originality/value This study addresses the issue of the value that CCM offers organizations and whether it is a silver bullet that the internal audit profession needs, particularly when physical access to organizations may be restricted. The COVID-19 pandemic placed considerable focus on digital access. Better IT systems and more data will allow organizations to better support employees, inform strategic and financial decisions and engage stakeholders. During the recovery phase, leveraging investments in CCM technologies will contribute to internal audits’ ability to help clients to manage organizational risk.

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Section: Continuous Controls Monitoringmentioning

confidence: 99%

Auditing during a pandemic – can continuous controls monitoring (CCM) address challenges facing internal audit departments?

Singh

Best

2023

PAR

Self Cite

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“…Researchers have endorsed this idea for a long time, e.g. [1,3,11,35,46,47]. The purpose is to provide assurance over continuous data streams, or briefly, continuous assurance [2,22,50].…”

Section: Continuous Monitoring and Auditingmentioning

confidence: 99%

“…Hence, tools and technologies for monitoring and assessing essential properties of these continuous streams of data have been developed. Since the 1990s there has been a lot of research into technologies such as Continuous Monitoring (CM) and Continuous Auditing (CA) [1,3,11,35,46,47]. The purpose is to provide assurance (certified certainty) about properties of data streams at or near real time [2,22,50].…”

Section: Introductionmentioning

confidence: 99%

Continuous monitoring and auditing in municipalities

Ezzamouri

Hulstijn

2018

Proceedings of the 19th Annual International Conference on Digital Government Research: Governance in the Data Age

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Tools and techniques for monitoring and auditing continuous streams of data are increasingly being used. However, adoption has only been investigated in the private sector. In this paper we examine the feasibility of continuous auditing and continuous monitoring in the public sector, specifically for municipalities in the Netherlands. A multiple case study is conducted about the opportunities and needs of continuously monitoring and assessing financial data concerning the social domain: care-related and social services, which have recently been decentralized from the national government to the municipal level. Interviews were held with representatives of six municipalities, administrative bodies, and an accounting firm. The research indicates that continuous monitoring is feasible, and that there is a need for continuous monitoring in the public domain. The ease of adoption depends to a large extent on the choice of whether and how a municipality wants to collaborate in offering social domain services.

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“…Thus, given the existing needs in the realization of IA projects, professionals in this segment have little experience in their implementation (Hassan et al, 2023). This limitation hinders the ability of auditors to validate the requirements of Continuous Audit Projects (CAPs) (Singh & Best, 2015;Weins et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

“…Lin, Lin, & Chen, 2021). Among the challenges is the lack of a project framework aimed at providing the proper facilitating and technical conditions to support the adoption of technology systems and tools in CA (Chan, Chiu, & Vasarhelyi, 2018), whether it be technical aspects (Gonzalez et al, 2012), financial (Singh & Best, 2015, Wu, Strauss, & Wang, 2021, training, capacity building, or resources for systemic design adoption (Wong, 2020).…”

Section: Introductionmentioning

confidence: 99%

The adoption of technological tools in continuous audit projects

Andrade,

Penha,

Silva

et al. 2023

ReA UFSM

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Purpose: Present a conceptual model for the adoption of technological tools in continuous audit projects. Design/methodology/approach: This research is constituted from the perspective of a qualitative approach with a descriptive nature, divided into two phases. In the first phase, a Systematic Literature Review was conducted focusing on technological tools and Continuous Audit Projects, in the second phase, field research was conducted through in-depth interviews with professionals related to the theme. Findings: The results indicated the main benefits and challenges encountered in the adoption of technological tools in Continuous Audit Projects. The results pointed out the nine main factors, among them, the enabling elements for the adoption of technological tools in Continuous Audit Projects. Research limitations/implications: The study is limited to identifying the technological tools in Continuous Audit Projects. Originality/Value: Despite the existing technological tools, it is still incipient in the literature researched to identify the challenges and barriers faced by organizations to support the projects of Continuous Audit Projects. Practical implications: This research offers a conceptual model as a guiding instrument for the adoption of technological tools in Continuous Audit Projects for organizations inserted in an Internal Audit context. The model presents the main enabling elements that ensure the environment necessary for the development of the project to those involved in Continuous Audit Projects.

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Design and Implementation of Continuous Monitoring and Auditing in SAP Enterprise Resource Planning

Cited by 10 publications

References 28 publications

Auditing during a pandemic – can continuous controls monitoring (CCM) address challenges facing internal audit departments?

Auditing during a pandemic – can continuous controls monitoring (CCM) address challenges facing internal audit departments?

Continuous monitoring and auditing in municipalities

The adoption of technological tools in continuous audit projects

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