accelus audit manager

accelus audit manager
autoaudit
maximize the insight your internal audit team
deliver to your organization
With high profile cases of previously undetected risks threatening the viability of companies and entire industries, organizations are
under pressure from regulators and shareholders to strengthen the internal policing of processes and controls and ensure strong
independent assurance. As a result, internal audit’s role as the third line of defence has never been more vital to an organization’s
long-term operational success.
While internal auditors have been given a broad mandate to play a significant role in creating better managed companies and more value
for shareholders, many challenges remain: In addition to evaluating complex processes and businesses to tight deadlines, internal
audit professionals are faced with the need to provide extensive documentation and incisive reports on their work.
TOP FIVE CHALLENGES FACED BY AUDITORS TODAY
With Accelus Audit Manager – AutoAudit, internal auditors are enabled to:
internal audits are closely aligned with the organization’s strategic
goals and deliver business-focused audits with actionable results.
• Improve audit efficiency and effectiveness in response to increased
demand for assurance
• Respond quickly to information requests from external auditors,
regulators and the board
• Keep on top of evolving accounting standards and compliance
regulations
• Offer broader risk-based audit coverage and proactively evaluate
current and emerging risks
• Streamline processes to drive cost savings
Equipping your internal audit team with the right tools for an
increasingly complex and demanding job allows them to focus on
adding strategic value and supporting management and the board in
achieving organizational objectives.
IMPROVE ENTERPRISE-WIDE INTERNAL AUDIT INSIGHT AND
INTERNAL CONTROLS TESTING
Thomson Reuters Accelus Audit Manager – AutoAudit is designed
to help you manage all internal audit activities transparently and
effectively. The solution helps streamline the audit process, enabling
audit departments to efficiently complete their work in a shared and
secure environment. Offsite auditors can access AutoAudit remotely,
while managers can gain a complete view of work progress, expenses
and internal controls weaknesses across the organization. With
features for risk assessment, planning, stakeholder surveys, issue
tracking, and administration, Accelus Audit Manager—AutoAudit is an
efficient and integrated way to manage your internal audit department.
AutoAudit empowers internal audit teams to automate their programs
and simplify their audit processes. Valuable time and resources can
be refocused on delivering deeper insights into how your organization
can improve processes, better manage its risks, and control material
weaknesses. As a result, you will gain capabilities to identify emerging
risks sooner, and drive deeper and richer conversations with your
board’s audit committee.
AutoAudit offers enterprises of all sizes a structured and informed
approach to scoping and conducting internal audits, as well as
analyzing and reporting on their results. Senior audit executives
rely on AutoAudit as a workflow and reporting solution to make
their teams more efficient and free up time to deepen and broaden
their engagement with their organization. The software’s analytical
capabilities support a risk-based approach to auditing, ensuring that
automate for efficiency
If your internal audit team is tied up in manual processes, it is difficult
to drive new operational insights and help to shape strategic thinking
in your organization.
add value quickly
AutoAudit is a proven solution, with strong customer support
and professional services expertise available. AutoAudit can be
implemented quickly and maintained without IT assistance. Its timesaving library of standard templates makes it simple to implement a
consistent audit methodology.
Within weeks, your internal audit team will be empowered to report on
progress and outcomes at the touch of a button, in a format of your
choice, while all your workpapers are stored in a highly secure and
centralized database for a streamlined review process.
See reverse side
accelus audit manager | autoaudit
FUNCTIONALITY AT A GLANCE
RISK ASSESSMENT
• Review and rate auditable entities
• Upload internal models
• Leverage COSO/COBIT risks & controls
• Gather information from external owners
plan for the future
Your audit team wants to be part of your organization’s successful future.
Empower them to simplify their audit processes and create a more
consistent and connected approach to internal audit across the enterprise.
WORKPAPERS
• Benefit from MS Office Integration
• Scan files, annotate PDFs
• Access files remotely
WORKSPACES
• Navigate easily
• See instant status reports
• Use personalized data panels
REPORTING
• Query all fields
• Build reports on demand
• Export data, charts, and graphs
• Capture real-time survey responses ISSUE TRACKING
• Generate auto-alerts on open actions
• Automate management response
• Place responsibility on audit participants FAST DEPLOYMENT
• Get started quickly
• See immediate results
• Avoid consulting fees
“AutoAudit has enhanced our issue
follow up and we now supply detailed,
regular reports to the audit committee
on a quarterly basis. The beauty of
AutoAudit is that we can give access
to all teams in different countries that
aren’t on the same network as the issue
tracker is web based.”
Global Commodities Producer
THOMSON REUTERS ACCELUS™
The Thomson Reuters Governance, Risk & Compliance (GRC) business delivers a comprehensive set of solutions designed to empower audit, risk and compliance
professionals, business leaders, and the Boards they serve to reliably achieve business objectives, address uncertainty, and act with integrity.
Thomson Reuters Accelus connects business transactions, strategy and operations to the ever-changing regulatory environment, enabling firms to manage business risk.
A comprehensive platform supported by a range of applications and trusted regulatory and risk intelligence data, Accelus brings together market-leading solutions for
governance, risk and compliance management, global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced due diligence, training and
e-learning, and board of director and disclosure services.
For more information, contact your representative
or visit us online at accelus.thomsonreuters.com
© 2014 Thomson Reuters GRC01083/5-14