Meaning of “continuous audit” in the English Dictionary

"continuous audit" in Business English

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continuous auditnoun [ C or U ]

uk us

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.

(Definition of “continuous audit” from the Cambridge Business English Dictionary © Cambridge University Press)