This is the best time to automate your internal audit function

Please click the link to explore dedicated eAudit Website

Complex audit requirements today demand more input from auditors than ever. The advent of more regulatory standards require auditors to be in synch, rather ahead of their game all the time.

There is a growing need to formalize the annual audit planning and risk assessment processes in internal audit functions. Constrained budgets demand functional units including IA function to deliver high performance. Present day executives need ad-hoc reports to see variance in planned audit schedules and budgets with actuals. Auditors strive to develop and enforce working paper standards for all types of audits, reviews, and evaluations  to enable process optimization.

Manual and paper-intensive processes, spending countless hours documenting workpapers and preparing reports. The existing audit work load, combined with the need to ensure both quantity and quality of information is indeed challenging.

Using manual or simple spreadsheets like MS Word or Excel consumes time and fail to allow team collaboration. Resulting in more work overhead for the auditor.

The senior management requests conducting and documenting reviews of audit work and results at key milestones rather than just at the end of the engagement. Delays in compiling, managing and presenting reports are often annoying for the executives or internal functions.

As a result, the added pressure make auditors to:

• Put in longer hours to balance quantity with quality of work
• Make mistakes in audit field work and even review
• Compromise on value added activities by dedicating bulk of time to reporting
• Miss out on tracking corrective actions

eAudit allows your audit team to streamline the entire audit process by using the best in technology to reduce audit costs and the time spent in audit activities.

Your audit team deserves to leverage the latest in technology to optimize your internal audit processes while reducing the cost and time spent performing your audits. eAudit supports COSO, ERM, COBIT, SOX, COBIT, ISO and IIA based frameworks.

eAudit animated video link

eAudit is designed to increase the efficiency and productivity of the audit process, including: 

• Risk assessment
• Planning and Scheduling
• Audit Fieldwork
• Audit Reviews
• Report generation
• Business Intelligence
• Executive reporting