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Discuss the value of utilizing continuous data monitoring through automated tools vs. the annual in-depth financial audit. What automated tools are appropriate for ongoing monitoring?

Discuss the value of utilizing continuous data monitoring through automated tools vs. the annual in-depth financial audit. What automated tools are appropriate for ongoing monitoring? What tools are appropriate for a point-in-time annual audit? Should today's internal auditor be an accountant, a computer programmer, or both? Why?

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