Continuous auditing can be described as automating the audit plan via scheduled automated procedures.

Continuous auditing can be described as automating the audit plan via scheduled automated procedures. These procedures can synchronize with the timing and frequency of data evaluation. The auditor can be automatically updated with exception reporting. Formulate an opinion as to whether this is the scope of continuous auditing or is there a much larger spectrum? Do you feel continuous auditing will replace traditional audits we conduct today? Why or Why not?