Increased audit workloads stemming from expanding risk assessment responsibilities, increased regulatory scrutiny, and constrained budgets leave internal audit departments consistently trying to do more with fewer resources.
Despite this, many audit departments still use manual and paper intensive processes, spending countless hours documenting workpapers and preparing reports.
AutoAudit® takes the paperwork out of workpapers and enables you to standardize, automate and manage key aspects of your audit process. AutoAudit is proven to improve the productivity, efficiency and consistency of internal audit departments.
AutoAudit automates processes including risk assessment, scheduling, work papers and reporting. Easy to implement, maintain, and use, AutoAudit comes complete with a standard library of templates that makes it easy to implement a consistent audit methodology. Multi-level risk assessment allows for quick and easy tracking and reporting, and users are able to generate a broad array of reports with the touch of a button. AutoAudit is the only audit automation tool that stores workpapers in a highly secure and centralized database for a streamlined review process.
AutoAudit is a comprehensive audit management software package that adapts to any audit structure (COSO, CoCo, CSA) and offers a number of features designed to ease the burdens of a busy audit department.
The most complete way to update your audit department, AutoAudit functionality includes: