Risk Based Audit Planning Solutions
Request your demo-
Internal Audit Management
The system has been built with an objective to provide status of Audit Plan and individual audits in a heartbeat. Meaningful data analytics is the core of this system
-
Audit & Finding Monitoring
Findings and Action Plan dashboards provide live stats for status of findings, aging and various other parameters
-
Action Plan Implementation & Documentation
The system has multiple workflows at the Audit, Finding and Action Plan Levels. All workflows are independent of each other in order to allow for maximum customization where required
-
Risk Assessment
The system allows users to add processes and assess these processes against customizable risk factors
-
Risk Based Audit Planning
The system provides reports on Audit Coverage of all processes within an organization. It also reports any coverage that does not comply with IA
-
Information Request & Record Management
Capabilities to retain communication, documentation evidencing the closure of an action plan and findings, as well as approvals to close action plans and findings has been built to satisfy internal and external reviewers including Regulators and External Auditors
-
Data & Process Mining
The solution has been built keeping in mind that the corporate culture is moving into Process and Data Mining to efficiently focus on process improvements and identification of bottle-necks
-
Time & Expense Reporting
The system helps in setting up Audit, Time and Expense budgets for your team. Simply submit daily timesheets in hours on a weekly basis
Structure of the System
- The system allows users to add processes and assess these processes against customizable risk factors
- Risk scoring and risk assessment processes can accommodate policies and guidelines of users in the organization
- The system provides live data analytics and summarizes results. All graphs, once clicked, lead the user to underlying data pertaining to the specific component of the graph. Graphs can be exported and utilized in external reporting
Risk Based Annual Audit Planning
- The system offers multiple workflows at the Audit as well as the Finding and Action Plan Level. All workflows are independent of each other to allow for maximum customization where required
- The system helps in preparing various analyses and details to satisfy the monitoring requirements of regulators and investors
- Capabilities to retain communications and documentation evidencing the closure of an action plan and findings are available. The system also includes the approval to close the action plan by External Regulators and External Auditors
Internal Audit Plan Management
- The system provides the status of Audit Plans and individual audits in a heartbeat. Meaningful data analytics is the core of this system
- Multiple dashboards have been built to provide management with data under various parameters
- The system has the ability to provide stats from process owner/department points of view, risk ratings, timelines as well as comparatives. Dashboards can be customized and portray live data
Finding & Action Plan Management & Monitoring
- Findings and Action Plan dashboards provide live stats of status of findings, aging and various other parameters
- These analyses and features help management focus on areas with higher return or higher improvement appetite
- Data analytics and graphs can be created to highlight the status of findings for each department through easy-to-use filtering options. Once clicked, all charts lead to data tables supporting these charts
Data Analytics
- The system allows users to add processes and assess the risk these processes have against customizable risk factors
- Risk scoring and risk assessment processes in the system can accommodate policies and guidelines in the organization
- The system provides live data analytics and summarizes the result. All graphs once clicked, lead the user to underlying data pertaining to the specific component of the graph e.g., list of High-Risk Process etc. Graphs can be exported and utilized in external reporting
Application Processing/Compliance Solution
- This solution is designed for Compliance and Licensing Authorities as well as institutions accepting applications and approval of said applications
- Potential users include government entities awarding various licenses, education institutes and organizations offering memberships
File Requesting & Retention
- The solution provides an online cloud-based portal for requesting and retaining files within an organization and with third parties
