By John Verver, CA, CISA, CMC, Vice President, Services & Product Strategy – ACL Services Ltd
The growing need for “exception management” capabilities among organizations of all sizes stems from a steady flow of new regulatory compliance and risk management requirements in recent years. These requirements force process owners to incorporate more rigorous compliance and risk-monitoring into their activities. This need, combined with the evolution of business analysis requirements, has given rise to continuous auditing and continuous monitoring, particularly at companies committed to getting the most valuable bang for their internal audit buck.