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>>