Internal Audit Management
Overview
The innovative ConfidentG Agile Audit Management Application accelerates audit cycles, significantly decreases Internal Audit planning time, reduces Audit costs and enhances productivity of the Internal Audit team. Businesses and Organizations of all sizes can manage end-to-end audit processes efficiently with the award winning ConfidentG Internal Audit Management Application built on Salesforce.com. The cloud based application is a methodical, workflow-driven and has a risk-based approach to Internal Audit process that considerably simplifies work paper management and provides real-time Artificial Intelligence driven Reporting. Built on number 1 Cloud Computing platform Salesforce.com, the application has a responsive and intuitive interface that enables auditors to enter data on-the-go using any device.
Why ConfidentG Agile Audit Applicatiom?
ConfidentG Agile Audit bridges the gap between Agility and Audit. In a dynamically changing Business environment, as Risks evolve at a rapid pace, your firm’s Audit Processes must have the ability to transform quickly with intuitiveness. This is exactly what is offered by ConfidentG Agile Audit Management application providing robust mobility of Anytime, Any Device, Anywhere Audit Management for the dynamic Auditors.
The agile methodology streamlines Compliance processes with standardized workflows and support for self-assessments, surveys and issue remediation.
Complemented with Artificial Intelligence powered Analytics for Compliance Reporting, it provides real-time insights into Compliance processes through intuitive, customizable and interactive dashboards and charts, thereby enabling informed decision-making.
Features
An internal audit universe consists of several distinct auditable entities (such as business units, functions, and processes), ranging from a few to several hundred or even thousands depending on the scale and complexity of the organisation. ConfidentG app enables Auditors to define and maintain this audit universe and common libraries of Risks and Controls. Update the audit universe and libraries periodically as per Business requirements.
Using the Agile ConfidentG app, create audit plans with a clear objective and scope. By making the audit universe as the starting point, gain comprehensive visibility into audit coverage. Enable internal and external auditors to collaborate easily in real time on Audit related status updates. Schedule audits using an easy to use interface and assign relevant tasks to the audit team members.
ConfidentG Agile Audit app has a Risk based approach to Audit that enables documenting, managing and assessing risks across the organization using a centralized Risk framework. Gain 360 degree visibility into the associated risks along with previous audit history. The centralized framework enables efficient planning of audits and increased focus on key risk areas.
ConfidentG platform powered by Artificial Intelligence gives the ability to generate audit reports with review and approval workflows in an intuitive format. Pull up observations and actions from various tasks to generate the report. Have real-time access to audit data for reporting to the Audit Committee on analysis of audit results with audit status tracking reports and dashboards.
Key Benefits
- Enhances efficiency of your Audit Life-cycle through technology
- Aligns Internal Audit to Business Strategy, Objectives and Risks
- Minimizes Audit Planning time
- Real time reporting to Audit Committee and Audit Customers
- Can be customized to specific Process requirements
- Communicate and Collaborate with the co-source Auditors on a real time basis
- Eliminates cumbersome processes of creating PowerPoint presentations/Excel files as the Dynamic Reports/Dashboards can be pulled up from the system Anytime, Anywhere and on any Device
- Offers robust functionalities like One button update, Detailed status update and Real time data, Flag for Audit Management to Review, etc…for Transparency in your Audit processes
- Sending/Receiving Review Notes on a real time basis
- Drill down Reports for reporting on tasks open for each Control
- Integrated Risk Auditing
- Ability to Map and Junction Controls, Objects and Rules
- Real time Monitoring of Social Risk in the media
- Fast and Intuitive to learn. Enables creating Applications easily through Launch wizards