continuous audit
noun[CorU]
ukusACCOUNTING
anexaminationof a company'saccountswhich is maderegularlythrough theyearratherthan just at the end of theyear:
Acontinuousauditcanidentifysuspicioustransactionswhen theyoccurratherthanweeksormonthslater.
WORKPLACE
anexaminationof how well acompanyisworkingwhich is maderegularlythrough theyearratherthan just at the end of theyear:
A well-performedcontinuousauditwouldcertainlyhavebroughttolightthe company'soperationalproblemsmuchearlier.
continuous auditing
noun[U]
The need toimproveandaccelerateauditactivitieshasledinpartto theincreasedadoptionofcontinuousauditingas avitalmonitoringtool.