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Home > Products > Continuous Controls Monitoring (CCM)
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Continuous Controls Monitoring (CCM)
By monitoring the compliance with key controls, the business obtains ongoing assurance on the accuracy and validity of large volumes of data flowing through their systems, enabling the isolation and containment of control failures on a timely basis. Effective GRC efforts are more than frameworks and plans. Effective GRC efforts require effective execution of control activities on a regular basis. COSO has laid out some good guidelines for reliability, suitability and efficiency in control monitoring activities that can aid an organization's GRC activities. There is a high degree of probability that CCM can pay for itself by improved audit effectiveness in locating and resolving errors quickly and thoroughly and thus offer cost reductions in both internal and external audit efforts.
Companies need to return to a focus on reliability in business processes. The control and personnel changes that companies have made in reaction to the uncertainty and volatility of the past few years have impacted the quality of corporate reporting. What can companies do to provide effective and affordable systemic solutions? Read this article by Christopher T. McKittrick published in the Maryland Association of CPA's
Learn more: http://www.macpa.org/Content/25404.aspx
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