How internal audit can champion continuous monitoring in a business operation via visual reporting and overcome barriers to success

Many auditing professionals would contend that continuous monitoring is a function of management and not internal audit. However, effective highly dependent upon strong system. Further, by integrating technology these two systems, assurance can be achieved, audit efficiency effectiveness improved through the reduction costs effort. This paper discusses how collaborate with business operation to develop application utilizing visual reporting overcome potential barriers success. The specific selected for modification was procurement card program at large public university. Following an introduction scenario, overview ProCard™ provided, highlighting risks controls. Third, four-phased approach used tool described, including steps taken ensure use real-time data auditors. Fourth, challenges encountered when implementing system are those were addressed. Fifth, provides concluding comments future initiatives planned. Finally, additional examples suggests research topics in this area. Keywords: Continuous auditing, monitoring, reporting, audit, card.