Monitoring can be easier in a partnership because a partnership tends to be a smaller entity. If your business is a relatively small entity, it should be easier to monitor what is going on. There is not a large number of different departments and different processes that all must be monitored. This makes the process of monitoring much simpler.
On the other hand, a partnership might not be so well organized as a larger business. This might make it more difficult to find the facts you need as there will not be such formal procedures for monitoring. In addition, you may not have the ability to hire people who really know how to do monitoring. Instead, you may end up having a person (such as yourself) who is not really an expert trying to monitor everything in a firm where it is more difficult to obtain the information that is needed due to a lack of organization.