This paper explains that the
traditional financial reports and the traditional audit style sometimes prove not enough because they lack the essential thing in today's business environment, updated information; therefore,
continuous auditing seems to be getting more and more followers. The author points out that some of the drivers of continuous auditing are a better
monitoring of financial issues within a company, ensuring that real-time transactions also benefit from real-time monitoring, prevention of financial fiascoes and audit
scandals such as Enron or Andersen, and use of
software to determine that financial controls are properly done. This paper stresses that continuous auditing involves a large amount of work because the company practicing continuous auditing will not provide one report at the end of a quarter, but will provide financial reports on a day-to-day basis.