File(s) not publicly available

Design and implementation of continuous monitoring and auditing in SAP enterprise resource planning

journal contribution
posted on 29.01.2019, 00:00 by Kishore Singh, Peter Best
The need for continuous monitoring (CM) is increasing. Collapses of multinational organizations have imposed strict regulatory and legislative requirements on organizations. This study develops an automated system and uses a large sample of accounts payable transaction data to simulate an implementation of continuous monitoring. The value of the system lies in its ability to translate business rules into configurable controls that evaluate transactions against expected results. The study demonstrates an application of continuous monitoring and the use of contextual meta‐data to perform rich audit analyses. Several anomalies reported by the CM system were not detected by the organization's internal auditors when they conducted their examination of the same data using conventional procedures. Such a system may potentially bring greater insights and transparency for continuous monitoring, assurance and organizational performance.

History

Volume

19

Issue

3

Start Page

307

End Page

317

Number of Pages

11

eISSN

1099-1123

ISSN

1090-6738

Publisher

Wiley

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Griffith Business School

Era Eligible

Yes

Journal

International Journal of Auditing

Exports