What Does Continuous Controls Monitoring (CCM) Mean?
Continuous controls monitoring (CCM) refers to the use of automated tools and various technologies to ensure the continuous monitoring of financial transactions and other types of transactional applications to reduce the costs involved for audits. CCM helps reduce business losses by using effective continuous auditing mechanisms and control monitoring of various aspects of the applications involved. It is mostly considered to be part of continuous auditing where a set of automated procedures monitor the internal controls. Some of the controls monitored by CCM include authorizations, access, system configurations and business process settings.
Techopedia Explains Continuous Controls Monitoring (CCM)
Continuous control monitoring has emerged as a way of improving the efficiency of enterprise applications along with the other components of continuous auditing such as continuous data assurance and continuous risk monitoring and assessment. The automated procedures of CCM are responsible for detecting any anomaly in the functionality of the internal controls. CCM is also used to test the security controls placed in the system to prevent unauthorized access and data corruption.
