Continuous Monitoring is Crucial Feature of AICPA?s Peer Review Concept

The AICPA's "Peer Review Program for the Future" would replace the current method of reviewing outdated audit information with a "real time" monitoring tool that detects problems and allows an audit firm to self-correct problems before the engagement is complete.

Source: http://feedproxy.google.com/~r/AICPA_PressCenter/~3/Px1mb8OxrRk/ContinuousMonitoringisCrucialFeatureofAICPA?sPeerReviewConcept.aspx

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