Key in a modern auditing is to guide and document getting an understanding of
client's enterprise-level business process, accounting system and internal control.
With related risks and impact on data in the financial statements.
Software and consultancy services for audit innovation
Powerful and easy-to-use tooling enables an audit team to perform such a
model-based audit effectively and efficiently. Tooling with a 'builder' and 'player'
architecture for radically tailorable audit guidance: interactive audit documentation.
Smart, web-based forms, with built-in flexible questionnaires, checklists,
risk-aggregation tables, audit task planning, etc. Collections of forms are
organized per type of industry. Answering a multiple-choice question
activates and shows other questions or tasks, as prescribed by
condition-based relevancy dependencies (that depart from a
multiple-choice answer, or from an automatically accumulated amount
of risk in a table column, surpassing a prescribed threshold value):
Unifies in one model both automated & non-automated access control: to offer
integral analysis of segregation of duties on authorizations and incentives
Uses event logs to generate a smart flowchart process model (process mining)
Generates top-cycle audit equations for business process checks & balances
Configures audit equation scripts for off-the-shelf data analysis tools
Efficient: inactive questions cannot be accessed, and inactive risks or tasks
cannot be assessed or performed, so no time can be spent on issues that are
not sufficiently relevant in the engagement at hand
Effective: only conditionally relevant questions, risks and tasks are presented,
unobscured by less relevant issues, thus facilitating in keeping focus
And using this specification of understanding in guiding and documenting
the planning and performing of the audit.