Ernst & Young renewed a multi-year licensing agreement with software developer Approva to offer risk controls analytics to clients.

"Ernst & Young believes that continuous controls and transaction monitoring are going to be critical components of enterprise risk management and compliance efforts," said Paul van Kessel, global leader of E&Y's technology and security risk services, in a statement. "We believe that automation of this kind of monitoring will create more business insight, will help identify errors in financial and business processes and will simplify companies' compliance efforts, all resulting in a stronger control environment and a more competitive position in the market."

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