ActionBase for Internal Control and Audit

Internal Control activities occur throughout the organization, at all levels and in all functions. They include a range of actions such as approvals, authorizations, verifications, reconciliations, reviews of operating performance, security of assets and segregation of duties.

ActionBase for internal control and audit is designed to address these challenges which internal control officers and auditors in the process face on daily basis.

With ActionBase, the entire process is fully managed:

• Define risks, audit goals and annual work plans
• Assign audit plans to auditors
• Engage in collaborative work with the audited party including full documentation of meeting minutes, action items, requests for information etc.
• Write audit reports in MS Word while defining key findings and recommendations
• Assign recommendations automatically to audited party for further review and implementation while having full visibility over the implementation process
• Compile a managerial report with a single click
• View rich and insightful reports regarding the working process
• Compare audit goals with audit findings to assess effectiveness of process
• Collate review findings into a unified report which can then be analysed and prioritized intelligently
• Alert and escalate crucial findings to top management on the proper timing

ActionBase for internal control and audit acts as the System of Record for all the activities and related documentation that is part of the Internal Control process.

ActionBase for internal control and audit achieves transparency and visibility of all findings and recommendation issues and problems in real time and immediately acts upon identified issue.

With ActionBase for internal control and audit nothing falls between the cracks and executives can have complete control over the process.