Continuous Auditing, Monitoring & Data Analytics

This document discusses continuous auditing, monitoring, and data analytics for auditing SAP R/3 environments. It defines these terms and outlines some tools that can be used, including ACL, IDEA, and Microsoft Access. Benefits of data analysis include testing entire data populations more efficiently. Specific areas that can be analyzed are discussed, like payroll (ghost employees, overtime) and accounts payable (duplicate payments, loose invoices). Best practices include following the software development life cycle and allocating enough storage space.