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Automating The Audit Function Presentation

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Transcript

  • 1. Automating the Audit Process
  • 2. Challenges Facing Internal Audit
    • Pressures on Resources
      • Adding Value
      • Right Sizing
      • Outsourcing
    • Cultural Changes
    • Geographic Dispersion
    • Industry Consolidation
    • Regulatory Oversight
  • 3. Our Vision
    • Create a Fully Integrated Process
    • Be Multi-Dimensional
      • Whatever you need
      • Wherever you are
      • Whenever you want
    • Provide a Single Point of Entry
  • 4. The Components
    • Automated Planning
    • Automated Workpapers
    • Automated Audit Tracking
    • Automated Audit Tools
  • 5. Automated Audit System
    • Windows-based tool:
    • Scaleable from Win95 to Win 2008 Server
    • Supports mobile teams
    • Enables more effective team work
    • Enhances productivity
  • 6. Automated Audit System Components Audit Tracking Comment Tracking Regulatory Compliance Workpapers Time Keeping Audit Planning Risk Assessment Reference
  • 7. Application Integration
    • Lotus Notes
      • Microsoft XP
      • Microsoft Excel
      • Microsoft Word
      • allCLEAR Flowcharter
  • 8. Connectivity Mainframe / Host Lotus Notes Database Server Auditor Workstations Shared Resources
        • WAN
    Audit LAN Remote Connection VPN
  • 9. Audit Planning
    • Manager Meetings
    • Grand Round Meetings
  • 10. Risk Assessment
    • Risk Analysis Database
      • Provides a corporate risk profile
      • Provides foundation for Multi-Year Audit Planning
  • 11. Workpapers
    • Workpaper Database Template
      • Standardizes the Audit Process
      • Provides instant access to all audit documentation
      • Automatically creates all “standard” audit workpapers
  • 12. Audit Tracking
    • Audit Tracking
      • Provides a single location for review of audit progress.
      • Simplifies monitoring audit status, budgets and deadlines.
  • 13. Reference
      • Audit Services Operations Manual
      • Audit Universe
      • Audit Programs
      • Audit Reports
      • Audit Committee Reports
      • Audit Time/Expense Tracking
      • Audit Follow-up Tracking
      • Audit Text/Graphics
  • 14. Regulatory Compliance
    • FASB Pronouncements
    • GAAP & GAAS Guidelines
    • External Comments
    • Healthcare Regulations
      • Medicare
      • HCFA
      • NYSDOH
  • 15. Tracking Report Comments
    • Follow-up Tracking Database
      • Ensures adequate and timely resolution of Audit Findings
      • Interfaces with Business Line Management
  • 16. Time Keeping
    • Time Keeping Database
      • Reports Time Allocations and Expenditures to Audits and Tracking Databases
      • Tracks Budgeted and Actual Time
  • 17. Additional Audit Databases
    • Flowcharting
    • Org Chart
    • Audit Status Report
    • Audit Protocols
    • Bulletin Board
    • Audit & Healthcare News
    • Meetings
    • Corporate Policies & Procedures
    • Personnel
    • Corporate Phonebook
    • Sign-In/Out
    • Best Practices
    • GAAP & GAAS Guidelines
    • Resource Tracking
  • 18. Achieved Outcomes
    • Streamlined the audit process.
    • Used a risk-based approach on all audits.
    • Provided centralized management of all audits.
    • Provided electronic mail integration and consolidated reporting.
    • Summarized and share audit information.
    • Allows document review, hand off and approval from any location.
    • Tracks issues from origination through follow-up.
  • 19. Auditor Assistant
  • 20. Auditor Assistant on Lotus Notes