Continuous monitoring is a process that employs technology to review entire populations of data to detect instances that deviate from defined norms; these instances are flagged for investigation.
Audit Services identifies opportunities where continuous monitoring and auditing can be used to manage potential risks and improve efficiencies across the University. We have successfully collaborated with several University departments.
- Identify potential transactions that were split either using one P-Card or multiple to avoid the competitive bidding process required for transactions above $5,000.
- Cleanse data in the vendor maintenance tables.
- Identify potential conflicts of interests between employees and vendors that have not been disclosed.
- Monitor Athletics data for NCAA compliance.
Contact our office if you would like improve a University process using continuous monitoring.