Overview
The DOJ and SEC have increasingly used data analytics to identify potential wrongdoing and have recently sent messages that companies should follow suit and incorporate data analytics in their compliance programs.
How is this done? How can a company monitor the effectiveness of their compliance programs and identify potential misconduct? Using Data Analytics with Continuous Auditing and Continuous Monitoring helps answers these questions and more!
Continuous auditing is becoming a necessary tool in the compliance and internal audit profession to provide reasonable assurance that the control structure surrounding the operational environment is Suitably designed, Established, and Operating as intended, or work in practice. Robert Mainardi
The difference between continuous auditing and continuous monitoring is depicted below-
The expert on CA and CM is Robert Maninardi. He has been working with Baker Tilly and me on tuning our methodology and solutions.
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Baker Tilly will be hosting a Data Analytics and CA/CM Workshop for a limited number of compliance leaders. If you are interested, please e-mail me quickly.
Information on the workshop will be coming soon!
Best,
Jonathan T. Marks, CPA, CFF. CFE
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