An intracranial pressure monitoring system and method. The system includes an auditory stimulation and recording unit, which includes a stimulation controller, a memory for storing waveforms, a device for comparing received waveforms with stored waveforms, and an alarm operable based upon that comparison. The system includes at least one cranial electrode attachable to a patient, and an auditory stimulation device, operable by the stimulation controller. The stimulation device is a pair of acoustic ear inserts, each of which is connected to and operated by an auditory stimulator activated by the stimulation controller. In the method, a patient is auditorially stimulated to evoke a received waveform indicative of intracranial pressure, a comparison is generated by comparing the received waveform with one of an established patient baseline waveform and an established normal waveform, and an alarm is generated responsive to that comparison.