Abstract
As a result of the increasing demand on the credibility of the financial information disclosure, internal auditing has been playing an increasingly important role in organizations. Currently, there is a need to ensure the compliance of organizational transactions in real time in order to increase the reliability of the information and to reduce risks. In this context, the concept of Continuous Assurance has emerged, allowing to reduce potential errors and risks and obtain useful information in real time, supporting more effectively the decision making and internal auditing. This paper aims to understand the importance and the use of Continuous Assurance services from the perspective of the internal auditor. So, the methodology used is qualitative and the questionnaire survey was used to collect data from interna auditors in Portugal. The main results demonstrate, among other findings, that the Continuous Assurance services are considered by the internal auditors as very important. Despite this, its implementation in the organizations does not follow the importance assigned to it, and is still far from being fully deployed. The dimension of the audit department is an influential factor in the use of some Continuous Assurance services.
Highlights
In recent years we have seen constant changes: in the economy, in business transactions, in information systems, the business environment has to adapt daily to these transformations
/ J INFORM SYSTEMS ENG, 7 (1),11689 The main objective of this study is to explore, from the of Continuous Assurance strategies; the audit activity internal auditor's perspective, the degree of importance and use ensures that management activities are appropriate and effective of Continuous Assurance services
The objectives of Continuous Assurance, making it advantageous, are divided into four levels, which are difficult to define in a mutually exclusive way, but which serve to illustrate the functional dependence of Continuous Assurance on auditing of the data circulating in organizational information systems; Continuous Risk Monitoring and Assessment (CRMA): Measures the risk dynamically and allows to sustain an auditing plan
Summary
In recent years we have seen constant changes: in the economy, in business transactions, in information systems, the business environment has to adapt daily to these transformations. In this context, internal auditing has been playing an increasingly important role within organizations. According to IIA (2021), internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Despite the numerous advantages in its application, its implementation is not always accepted by the organization, due to the high costs of implementing the technologies and information systems necessary for its process, the lack of procedures and practices of the control system and the lack of qualified professionals in continuous auditing (Santos et al, 2019)
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