Continuous Net Settlement (CNS) is an automated accounting system that centralizes settlement processes, updates information in real-time, generates reports, and manages various types of assets with minimal registration errors. CNS ensures faster availability of funds and is useful for businesses and investors alike. Also known as a CNS, a Continuous Net Settlement is an accounting […]
Continuous auditing provides real-time financial information through simultaneous or rapid audits, but is generally more theoretical than practical due to cost. Audits help prevent errors, fraud, and liability, and provide a game plan for the future. Continuous monitoring is a similar system that uses lower cost methods. New technology makes continuous auditing and monitoring easier […]
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