Objectives
- Streamline (Internal) Audit Process
- Reduce Audit Costs
- Document Business Controls
- Ensure Completeness and Relevance and Effectiveness of implemented Business Controls
- Timely Inform Management about Audit Results
Best-Practices
- Planning Audits according to pre-defined Audit Periodic Scheme
- Assigning Audits to (Internal) Auditors
- Supporting Workflow controlled Audits
- Escalating Issues to the responsible Managers
- Monitor and Report on Remediation
Solutions
- Workflow to assign Audit Tasks to Auditors
- Evidence registration to underpin the Audit Findings and to collect Evidence for External Auditors
- Dynamic Rules to route Failed Tests to responsible Manager for remediation
- Extended logging to have the audit trail available in case of further Investigations
