continuous audit
noun [ C or U ]
ukus ACCOUNTING
an examination of a company's accounts which is made regularly through the year rather than just at the end of the year:
A continuous audit can identify suspicious transactions when they occur rather than weeks or months later.
WORKPLACE
an examination of how well a company is working which is made regularly through the year rather than just at the end of the year:
A well-performed continuous audit would certainly have brought to light the company's operational problems much earlier.
continuous auditing
noun [ U ]
The need to improve and accelerate audit activities has led in part to the increased adoption of continuous auditing as a vital monitoring tool.