Question 2 (20 marks)

Organizations are investing time and money in continuous auditing. However, success is limited to a few larger organizations with the resources needed to accomplish their implementation. Companies don't need complex data analytics tools or a large budget to employ an effective continuous auditing program. Organizations in the market for audit software can take advantage of a variety of tools.

Discuss the above showing:

• Continuous audit concept.
• Continuous Audit Benefits
• Implementation of Continuous Audit
• The most significant Non-technical Barriers / technical challenges