Continuous Monitoring and Auditing: What is the difference?

Both continuous auditing and continuous monitoring can be cornerstones in helping internal audit respond effectively to the increased expectations that are placed upon them. They can also help organizations operate more efficiently and more profitably. In part one of this two-part series, John Verver, from ACL Services Ltd., poses the question: Are these two separate concepts or merely variations of a theme? In part two, John closes his discussion by focusing on the benefits of continuous auditing and monitoring, and related best practices.