Audit.Tracker - Driving Assurance to the Next Level

The only solution that enables your auditors to define, plan, execute and report over the entire audit process.

Do you have full control over your entire audit process? Are you sure that your audit findings are being effectively tracked and managed?

Audit.Tracker is a simple yet comprehensive solution for controlling and tracking the entire audit process, from the initial audit preparations, through the audit review to the subsequent implementation of findings and recommendations. Using AuditTracker, organizations can be assured that findings are being resolved on time with clear accountability and commitment.

Using Audit.Tracker, internal auditors can effectively govern the auditing process by accessing real-time visibility and automatic tracking reports. Audit.Tracker empowers the internal auditor by automating and standardizing the auditing process, freeing the auditor to focus on audit nonconformities, assurance and risk mitigation.

Audit.Tracker offers a collaborative platform allowing all parties—the auditor, audit committee, operations and management—to easily participate and contribute to the process.  Audit.Tracker is fully integrated into Microsoft Office, so users can start using the solution right away, in a familiar environment.

Challenges

The audit process is a continuous process comprising numerous stages: planning, scheduling, preparations for an audit, the audit itself, implementation and follow up by the different business stakeholders. Hundreds of audit reviews are handled in an organization each year, generating thousands of findings and recommendations.

Currently, organizations manage these audit reviews in e-mail, Excel spreadsheets and documents, or in non-integrative point solutions. With traditional practices, it is impossible to achieve governance over the audit process and ensure that each finding and recommendation is being addressed in an efficient and timely manner, and that issues are not falling between the cracks. Such practices lead to inefficiencies, low quality assurance, increased risk and unmet compliance regulations.

Solution

Audit.Tracker is driving assurance to the next level.

Audit.Tracker is the only solution that offers end-to-end audit tracking. Audit.Tracker offers organizations full visibility and control over the entire audit process from a local, regional and global perspective, helping to ensure compliance and regulation adherence and reduced risk exposure. Audit.Tracker uses a system of records to store all actions performed by the auditor and auditees, providing a single version of truth of the auditing process.

Audit.Tracker offers a collaborative platform for all the different stakeholders of the process. Each stakeholder—auditors, management and operations—is offered his own specific view and supported role:

• Auditors
  The auditor can track the entire lifecycle of the auditing process, easily identifying action delays and unresolved issues. Using the audit portal, auditors gain access to an extensive set of views and graphs, as well as tools to effectively manage the requests for information (RFIs) and templates for follow-up and tracking.
• Operations and Auditees
  Auditees receive their specific view of their related audits and respective action assignments. Using the operations portal, team members can collaborate together, viewing, analyzing and implementing the data and findings relevant to them.
• Audit Committees and Management
  Using the Management portal, Management and Audit Committees can effectively monitor the state of the internal auditing processes from a local, regional and global perspective without the need to chase information.

Audit.Tracker's unique integration with Microsoft Office products ensures fast implementation and easy adoption of audit tracking processes, keeping users in their familiar Office environments.

Audit.Tracker Benefits

• Risk & Assurance - ensures compliance and regulation adherence, increased assurance and reduced risk exposure.
• Audit standardization across the enterprise - creates a standard structure for enterprise audit reviews, reporting and follow-ups.
• Full process visibility - provides a full detailed view of an audit cycle from planning to completion of recommendations implementation; offers consolidated audit reports comprising multiple audit reviews.
• Easy collaboration between all parties – offers a collaborative framework supporting cross team and site collaboration.
• MS Office Integration - fully integrated into MS Office applications supporting findings documents in Word, tracking actions in Outlook and viewing reports in Excel and MOSS.
• Enterprise Tracking platform - The Audit.Tracker solution is built on ActionBase’s Enterprise Tracking Platform. Additional processes such as HSE & Compliance Tracking, Fraud Tracking and Decision Tracking or any other tracking processes can all be managed within ActionBase.