The high speed of economic change, digitalization and automation have an impact on the internal audit function. The internal audit function must plan ahead and at the same time react promptly. There is a shift from static, timeframe-based risk assessment and audit planning to a direct situationally reactive analysis of risks. Continuous auditing plays a central role.
The DIIR’s Guide for the implementation of a Continuous Auditing System deals with the definition of continuous auditing as distinct from continuous monitoring. In addition, examples of the use of continuous auditing are presented for the core audit processes of audit planning, preparation and execution.
You can read the article here. It is only available in German.