Article: "Continuous Auditing" Undergoes Study.(Brief Article)

IN A NEW RESEARCH study an emerging audit paradigm is defined as "a methodology that enables independent auditors to provide written assurance on a subject matter using a series of auditors' reports issued simultaneously with, or a short period of time after, the occurrence of events underlying the subject matter." The report, Continuous Auditing, developed jointly by the American Institute of Certified Public Accountants (AICPA) and the Canadian Institute of Chartered Accountants (CICA), explores the differences between continuous audits and traditional audits; the necessary prerequisites for conducting continuous audits; and areas where continuous auditing may challenge ...

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