Welcome to a presentation on making your audit process simpler and more effective

Automation in Audit Department

CAATs

For transaction analysis

during audit execution

Diagnostic Tools

Help identify audit areas,

assess risks, test controls in

business activities

Audit Administration Tools

Facilitate audit

administration management

Audit FunctionAutomation

CAATs Diagnostic Tools Audit AdminTool

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?

The SolutionAn Audit Process Management Tool that addresses all your internal audit processing requirements

Brought to you by Management Audit team of EID Parry

Enables paperless management of audit process

Made to cater to ISO standards

User-friendly

Customizable

Experience Experience…

Process StructuringEvery activity in audit process management defined

Process workflow streamlined

Adherence to & application of global standards

IIA’s professional practices framework

ISO quality standards

Audit Process Management

Audit Planning

Audit EngagementManagement

Audit Reporting

Follow-upTracking

Audit PlanningEstablish and track annual audit plans

Capture reference info for resource planning &

allocation

Schedule audit engagements

Add unscheduled assignments to plan on a need

basis

Take timely action with queries and reports on audit

plan status

Create Engagement orders and get them

approved online

Record & track time schedules

Monitor status of engagements at various

stages

Streamline workflow

Audit Engagement

Maintain audit report versions effortlessly

Manage distribution electronically

Capture executive summary based on

classification criteria

Convert recommendations to tasks

Audit Report

Assign tasks to auditees with accepted timelines

Allow auditees to update progress

View reports on Status of tasks assigned - open, work in progress and completed

Tasks sorted by date, auditees and functions

Follow up/Task Monitoring

Feature OverviewWEBMARS features include:

Engagement Monitoring

Task assignment to auditees

Follow-up

Executive Summary Report

Integrated Messaging System

Offline updation of forms

Provision for external users

Built-in security

Compliance with standards

Bulletin Board

Knowledge Warehouse

Customization

Process based

Demography Workflow

Tech/Infra based

Database Mailing

CustomerEvaluation

Audit ProjectEvaluation

Why WEBMARS?Caters to all user groups – auditor, auditee & management

Tested by Internal Audit Team of EID Parry across several years, successfully completing several audits

Decades of experience built into the product

Customization at every step

What does it need?Platform - Hosted on Microsoft Windows server

Front-end - Accessed from IE 5.0 or above

Accessibility - Available via Internet or Intranet

Database - Compatible with SQL Server & Oracle

Messaging - Microsoft Exchange

Technology Architecture

To sum it upNo more hard copies

Up-to-the-minute information

Quick access to the right data for the right people, in the right time

Integrated workflow between all users

Centralized warehouse of data

To sum it up (Contd.)

Access from remote locations

No more multiple versions and inconsistent data

Reports for management easily available

Auditees assigned tasks based on audit recommendations

Automatic reminder triggering based on task due dates

Time saving

In conclusion

WEBMARS enables auditors to Focus more on process improvement & optimization rather than documentation

Add value to organization

Thank YouHappy WEBMARSing!!!

<<Address>>