3g 1 Audit Administration Software Webmars


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  • 3g 1 Audit Administration Software Webmars

    1. 1. Welcome to a presentation on making your audit process simpler and more effective
    2. 2. Automation in Audit Department <ul><li>CAATs </li></ul><ul><ul><li>For transaction analysis during audit execution </li></ul></ul><ul><li>Diagnostic Tools </li></ul><ul><ul><li>Help identify audit areas, assess risks, test controls in business activities </li></ul></ul><ul><li>Audit Administration Tools </li></ul><ul><ul><li>Facilitate audit administration management </li></ul></ul>Audit Function Automation CAATs Diagnostic Tools Audit Admin Tool
    3. 3. A few questions first If you answer ‘ yes ’ to any of these questions, let us look at how they can be resolved!!! Following traditional audit methods? Too many reports to handle? Difficult to follow up with auditees? Painful Report consolidation? Too much paper work? Inconsistency in audit work? Increasing customer demands? More demands from Audit committee? Auditors across locations?
    4. 4. The Solution <ul><li>An Audit Process Management Tool that addresses all your internal audit processing requirements </li></ul><ul><li>Brought to you by Management Audit team of EID Parry </li></ul><ul><li>Enables paperless management of audit process </li></ul><ul><li>Made to cater to ISO standards </li></ul><ul><li>User-friendly </li></ul><ul><li>Customizable </li></ul>Experience Experience…
    5. 5. Process Structuring <ul><li>Every activity in audit process management defined </li></ul><ul><li>Process workflow streamlined </li></ul><ul><li>Adherence to & application of global standards </li></ul><ul><ul><li>IIA’s professional practices framework </li></ul></ul><ul><ul><li>ISO quality standards </li></ul></ul>
    6. 6. Audit Process Management Audit Planning Audit Engagement Management Audit Reporting Follow-up Tracking
    7. 7. Audit Planning <ul><li>Establish and track annual audit plans </li></ul><ul><li>Capture reference info for resource planning & allocation </li></ul><ul><li>Schedule audit engagements </li></ul><ul><li>Add unscheduled assignments to plan on a need basis </li></ul><ul><li>Take timely action with queries and reports on audit plan status </li></ul>
    8. 8. <ul><li>Create Engagement orders and get them approved online </li></ul><ul><li>Record & track time schedules </li></ul><ul><li>Monitor status of engagements at various stages </li></ul><ul><li>Streamline workflow </li></ul>Audit Engagement
    9. 9. <ul><li>Maintain audit report versions effortlessly </li></ul><ul><li>Manage distribution electronically </li></ul><ul><li>Capture executive summary based on classification criteria </li></ul><ul><li>Convert recommendations to tasks </li></ul>Audit Report
    10. 10. <ul><li>Assign tasks to auditees with accepted timelines </li></ul><ul><li>Allow auditees to update progress </li></ul><ul><li>View reports on </li></ul><ul><ul><li>Status of tasks assigned - open, work in progress and completed </li></ul></ul><ul><ul><li>Tasks sorted by date, auditees and functions </li></ul></ul>Follow up/Task Monitoring
    11. 11. Feature Overview <ul><li>WEBMARS features include: </li></ul><ul><ul><li>Engagement Monitoring </li></ul></ul><ul><ul><li>Task assignment to auditees </li></ul></ul><ul><ul><li>Follow-up </li></ul></ul><ul><ul><li>Executive Summary Report </li></ul></ul><ul><ul><li>Integrated Messaging System </li></ul></ul><ul><ul><li>Offline updation of forms </li></ul></ul><ul><ul><li>Provision for external users </li></ul></ul><ul><ul><li>Built-in security </li></ul></ul><ul><ul><li>Compliance with standards </li></ul></ul><ul><ul><li>Bulletin Board </li></ul></ul><ul><ul><li>Knowledge Warehouse </li></ul></ul>
    12. 12. Customization Process based Demography Workflow Tech/Infra based Database Mailing Customer Evaluation Audit Project Evaluation
    13. 13. Why WEBMARS? <ul><li>Caters to all user groups – auditor, auditee & management </li></ul><ul><li>Tested by Internal Audit Team of EID Parry across several years, successfully completing several audits </li></ul><ul><li>Decades of experience built into the product </li></ul><ul><li>Customization at every step </li></ul>
    14. 14. What does it need? <ul><li>Platform - Hosted on Microsoft Windows server </li></ul><ul><li>Front-end - Accessed from IE 5.0 or above </li></ul><ul><li>Accessibility - Available via Internet or Intranet </li></ul><ul><li>Database - Compatible with SQL Server & Oracle </li></ul><ul><li>Messaging - Microsoft Exchange </li></ul>
    15. 15. Technology Architecture
    16. 16. To sum it up <ul><li>No more hard copies </li></ul><ul><li>Up-to-the-minute information </li></ul><ul><li>Quick access to the right data for the right people, in the right time </li></ul><ul><li>Integrated workflow between all users </li></ul><ul><li>Centralized warehouse of data </li></ul>
    17. 17. To sum it up (Contd.) <ul><li>Access from remote locations </li></ul><ul><li>No more multiple versions and inconsistent data </li></ul><ul><li>Reports for management easily available </li></ul><ul><li>Auditees assigned tasks based on audit recommendations </li></ul><ul><li>Automatic reminder triggering based on task due dates </li></ul><ul><li>Time saving </li></ul>
    18. 18. In conclusion <ul><li>WEBMARS enables auditors to </li></ul><ul><ul><li>Focus more on process improvement & optimization rather than documentation </li></ul></ul><ul><ul><li>Add value to organization </li></ul></ul>
    19. 19. Thank You Happy WEBMARSing!!! <<Address>>