Achieving Internal Audit Excellence - Automating Internal Audit Processes with Continuous Controls Monitoring
On 12 September 2024, over 210 attendees from Singapore and across the region joined Sarah Oh, Advisory Specialist at Diligent APAC, for an webinar, “Achieving Internal Audit Excellence - Automating Internal Audit Processes with Continuous Controls Monitoring”.
As businesses face increasing complexity, the demand for efficiency in auditing is on the rise. Sarah explored how automation can reduce manual effort, improve accuracy, and provide real-time insights into organisational risks and controls. A key takeaway was the shift towards proactive risk management. Sarah discussed how real-time data collection and analysis enable internal auditors to identify and address risks promptly. By setting up effective monitoring systems, audit teams can receive early warnings of potential issues, allowing for timely interventions and stronger risk management practices.
The webinar also highlighted the strategic value that continuous controls monitoring can bring to internal audit functions. Sarah showed how internal auditors can leverage the wealth of data from continuous monitoring to go beyond compliance checks and offer insights on operational improvements, cost reduction, and overall business performance. This helps position internal audit as a valuable business partner, contributing beyond traditional tasks.
Overall, the session provided attendees with insights on using technology to enhance audit processes and support their organisation's goals.
