Showing posts with label Audit management. Show all posts
Showing posts with label Audit management. Show all posts

Tuesday, August 14, 2012

Smartphones For Auditing Procedures

Image representing iPad as depicted in CrunchBase
Image via CrunchBase

It seems like smartphones and other such smart devices are everywhere. Use of these devices is ever increasing for every day tasks such as grocery shopping, bill payments and many other tasks. One of the important things for me, is the way smart devices have made certain factors of my job so much easier! Take health and safety auditing for example – huge drag. However, with the help of some clever apps I can now make short work of the task. That isn't to say it is perfect – there are plenty of weaknesses as well as strengths.

The biggest advantage of these devices is that the speed in which a client can receive their audit report is fantastic. Reports and other data can be sent pretty much instantaneously. I can complete my audit, generate a report and send it off there and then to the people who need to see it. I am even able to integrate video and audio files to support the report. The best apps and audit software packages allow users to customize the audit to suit their own needs which offers a great deal of flexibility.

In terms of weaknesses, there is a tendency for these apps to require an internet connection as they are not actually installed on your device. That means that if you have no internet access you have no audit. I know these days we are pretty much plugged in at all times, but there are always occasions where you are not hooked up to the world wide web! I guess that means reverting to paper and pen, but at east video and photographs can be saved on your device to insert later.

Of course, you also need to make sure you take care of the device and not drop it anywhere as you perform the audit procedures! I invested in a case with a wrist strap for my ipad to make sure nothing untoward happens to it! The good thing is that if you auto save your work, then your audit is saved on the server in the event that you do damage your device.

In my opinion, there are more advantages than disadvantages to using a smart device for health and safety – and indeed other types of – audits. I think they allow me to offer better service to clients and offer a degree of flexibility. Technology develops at a constant rate and in a few years I doubt anyone will be performing audits manually!

Thursday, August 2, 2012

Implementing Audit Management Software


Whoever performs a company's internal audit is responsible for auditing compliance program implementation and evaluating program effectiveness. An internal audit is also an in-depth review of the finances and procedures of a company. Audit software is generally a great replacement to using multiple Microsoft Excel spreadsheets to track the audit, and Microsoft Word to write the audit report. Internal audit software could help your company to report directly to the audit committee of the board of directors rather than having to prepare reports and distribute them manually. Auditors are required to communicate all significant deficiencies in internal control to management and using software will make this task much easier. Auditors will enter and submit their audit reports online and in the required standard format, including the required certified documents.

Audits may be conducted much more efficiently using an auditing software product. Internal audits can then focus on extending continuous auditing techniques to those areas that are not monitored by management. Internal audits are pro actively shifting the focus of audit plans in response to organizations’ changing risk profiles. Internal auditors are responsible for coordinating audit planning and scheduling activities with external auditors. Auditors will test the internal controls during the second internal audit fieldwork phase. Audit management software can be used for internal, industry standards and requirements from various government regulations. Internal audit can also play a significant part in helping comply with new EPA regulations. Internal audit is a resource to aid in identifying and resolving problems.

Auditing can be a resource intensive operation if you choose to audit a large number of objects, but with auditing software you can cut out a lot of wasted time and expense by automating a large amount of the process.

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