From www.accountingtoday.com: Continuous auditing involves real-time financial monitoring using AI and automation, transforming the role of external auditors from traditional annual assessments to ongoing oversight.

This shift presents challenges regarding auditor independence and accountability, as real-time reporting could blur the lines between oversight and management.

While continuous auditing promises faster fraud detection and improved efficiency, concerns about costs and regulatory compliance also arise, necessitating a careful balance between technological investment and maintaining trust in the audit process.