Continuous Auditing - History of Continuous Auditing

History of Continuous Auditing

The first application of continuous auditing was developed at AT&T Bell Laboratories in 1989. Known as a continuous process auditing system (CPAS), the system developed by Vasarhelyi and Halper provided measurement, monitoring, and analysis of the company's billing information. Here key concepts such as metrics, analytics, and alarms pertaining to financial information were also introduced.

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