Continuous Monitoring
"Automated control monitoring ... can enhance the effectiveness,
efficiency and timeliness of monitoring specific controls."
(2009 COSO Guidance on Monitoring Internal Control Systems)
Internal control systems are essential for the effective
operation of any organization. However, over time, without
monitoring, control systems deteriorate. Through the implementation
of appropriate monitoring processes, organizations can identify and
remedy internal control deficiencies on a timely basis and produce
more reliable information for decision making and financial
reporting. Monitoring procedures can be either ongoing (continuous)
or separate evaluations. However, labour-intensive separate
evaluations can be very costly and often ineffective. Continuous
monitoring can substantially reduce the need for separate evaluations
by gathering almost all the evidence needed to support the risk
management system.
Across the enterprise and across industries, SymSure for IDEA provides tailor-able solutions for monitoring key controls. Download these sample solutions to learn more:
