Home // International Journal On Advances in Systems and Measurements, volume 15, numbers 3 and 4, 2022 // View article
Authors:
Ed Curfs
Eric Mantealers
Martijn Zoet
Keywords: Maturity Model; Continuous (Control) Monitoring; Continuous Auditing; Continuous Assurance; Continuous Reporting; Continuum Paradigm; Financial and Non-financial Data; Sustainability Reporting
Abstract:
Continuous (control) monitoring, continuous auditing, continuous assurance, continuous reporting and the Continuum Paradigm are topics in which research has been performed for more than 30 years. The possibilities and challenges of these elements have been researched frequently. However, there are limited studies focused on the holistic view. Several pilots, financial as well as non-financial data, in relationship with the Audit Maturity Model have been performed. Based on the existing studies, we defined the following research question: What is the actual status regarding the Continuum Paradigm? Based on a review of pilots and plotting the results of the pilots on the Audit Maturity Model by a focus group, further insight is provided regarding the actual status. In this paper, we re-address and - present our earlier work [12], yet we extended the previous research with additional research by adding one pilot and extended the participants to plot the pilots with 13 members of the following three professions (1) internal audit, (2) external audit and the (3) business. In addition, we provide a more detailed descriptions of the related literature, findings, and results. The overall conclusion is that the average maturity level for Continuous Monitoring and Continuous Assurance reaches nearly stage 3: ‘Maturing and no research has been performed based on a holistic and fully integrated continuous process’.
Pages: 72 to 80
Copyright: Copyright (c) to authors, 2022. Used with permission.
Publication date: December 31, 2022
Published in: journal
ISSN: 1942-261x