Implementing continuous control monitoring for audit purposes using a complex event processing environment

US8775389B2 · kind B2 · utility

Assignee

• International Business Machines Corporation · US

Inventors

• Sarit Arcushin · Haifa, IL
• Dale A. Bell · Wilmington, US
• Millicent Kay Ceron-Hayes · Tampa, US
• John Mark Langford · Spring, US
• Yonit Magid · Haifa, IL
• Guy Sharon · Rehovot, IL
• Tal Yatzkar-Haham · Kiryat Shmona, IL

Key dates

• Filing date: Mar 6, 2011
• Grant date: Jul 8, 2014
• Expiry date: Dec 27, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/20
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of providing True Continuous Control Monitoring (CCM) of business processes for audit purposes is provided herein. The method includes the following steps: consolidating data from multiple sources, in case the transactional data is located in more than one source, to a single self contained and comprehensive source; identifying, in the single data source, data elements that are required for detection and reporting for each audit rule; translating and streaming, in case required, the transactions data into events, so that every change in a transaction is immediately reflected and identifiable; eliminating duplicate events for the same single transaction; applying the event processing engine to the events, based on event audit patterns derived from audit rules, possibly entered by non-programmers; and generating alert data in audit-style notation, to be reported back to the system, based on alert notifications derived from the event processing engine.