Pentana Audit
Explore a new world of powerful audit automation
Ideagen’s Pentana Audit is the market-leading risk-based audit management software solution for hundreds of organisations worldwide.
With our audit management software, internal audit departments can work faster, improve audit strategy, reduce costs and enhance productivity. Pentana Audit is an on-premise or hosted application with a clean, intuitive interface that helps you to :
Go Beyond Compliance
By connecting all your audit work in one modern and efficient system, compliance best practices become instilled in everything that you do, letting you focus on aligning Internal Audit with your business’ core objectives.
Pentana Audit’s risk-based approach to audit execution follows a “golden thread” structure, where objectives, risks, controls and tests are linked, providing a complete view of the full audit lifecycle.
Comprehensive risk and control libraries help ensure compliance with a multitude of requirements, including SOX, ISO 31000, COSO standards or IIA guidelines. These libraries are updated with the latest content to allow you to implement a continuous risk assessment methodology.
Streamline core internal audit processes
Pentana Audit helps to simplify the complexities of your role by centralising all your information and streamlining the internal audit process. Go paperless with a single system of record that connects your team to the rest of the organisation with ease.
The software’s complete set of features allows you to:
- Ensure your working papers are well-documented, with goals, tests, criteria, samples, observations and evidence
- Use standardised and automated annual planning and scheduling tools to understand priorities and clarify the big picture
- Systematically define and assess the specific risks and controls in an audit through heat maps, risk exposure and control coverage features
- Produce dynamic reports capable of being filtered in many different ways to enable the identification of emerging trends
With automation at the core of your internal audit function, your system can provide a framework around which you can build, maintain and improve your business.
Deliver true strategic value to your business
When you partner with Ideagen, you don’t just receive a world-class software application, you also gain access to a wealth of auditing experience and expertise that will help guide your organisation’s journey to audit maturity.
Pentana Audit is built with the end-user in mind and is designed to:
- Uncover opportunities for business-enhancing projects
- Identify and assess opportunity risk
- Make informed and intelligent decisions backed by data
- Track performance and identify areas for improvement
Features
Project Management
• Capture objectives, scope and more in the workflow
• Easily manage multiple, overlapping and parallel audits
• Manage actions and incidents with tools for follow-up, deadlines, closure and more
Workpaper Management
• Go paperless with your working papers in a single system of record
• Display all goals, tests, criteria, samples, findings and evidence
• Use standard and custom templates that automatically synchronise with users
Risk & Control Management
• Create an unlimited number of risk registers
• Document, monitor and update controls
• Update and maintain a library of objectives, risks, controls and tests
Dashboards
• Display scores and trends for risks and controls online
• Allow control owners to monitor and manage their obligations
• Automatically email any changes to relevant persons
Reporting
• Create comprehensive, real time-reports for senior management
• Save previously designed reports for future uses
• Communicate high-impact data via graphs or charts
Audit Universe
• Manage auditable entities and organisational structure centrally
• Configure universe to your specifications
• Map processes to entities
Planning & Schedulling
• Risk-assess the audit universe with a set of defined and weighted criteria
• Gain total flexibility of provision
• Easily identify any resourcing issues
Integration
• Link with data analysis and BI tools
• Automate sample generation and exchange data
• Using standard and custom approaches
Ready to Try PentanaAudit?
Contact us for details information“ Two years ago we didn’t expect that in this pandemic phase, IDEA and Pentana Audit software utility could really help in a remoted audit process, in term of the desk audit process as well as the reporting activity process. With IDEA data analytic, the process of the desk audit can save the field work & visit time up to 70%, this could happen because IDEA can analyzed and do the data processing to identify risks and spesific scoop at the beginning of the desk audit process. ”
“ Our audit teams use a data extraction and analysis tool, IDEA. This allows teams to analyse large amounts of financial data. Using IDEA, we can access such data in seconds, saving time and money for our clients. ”
“ I absolutely recommend IDEA. It lets us quickly analze 100% of our data using repeatable procedures. It’s also advanced enough to provide what I call a ‘one-click’ solution where it creates a dashboard populated with charts and field statistics that make it easy to see the outliers. Generating a result with just a couple of clicks is awesome. ”
“ We use data analytics in all phases of the audit. During the planning stage, we use it for scoping and sizing. During fieldwork, we use IDEA because we can analyze the entire population, which would not be possible with manual analysis. IDEA makes it easy to create new tests and narrow the population so we can focus on anomalies and exceptions. ”
“ Pentana Audit helps us understand our risk better which helps us be prepared for any type of event by enabling a continuous risk-based audit execution process. With Pentana Audit we are now more adaptable for changes and that makes us better prepared for emerging risks. ”
“ It’s been an incredibly effective way for us to build the risk culture within the organization. All of our lines of business now know the name Pentana! ”
“ With Pentana Audit we are saving approximately 100 working hours per audit and with an average of 12 audits every year that is an astounding saving. ”
Solutions
Internal Audit Risk Management IT Assurance & Governance Independent Review and Vulnerability AssessmentProducts IDEA Data Analysis Software Alessa - Continuous Control Monitoring Pentana Audit - Audit & Control Management Pentana Risk - Performance & Risk Mngmnt Smart Exporter - SAP Data Extraction Tool Smart Analyzer - Financial Apps for IDEA
Services Internal Audit Service Risk Management Service IDEA Professional Service IT Audit Service IT Advisory Service Independent Review and Vulnerability Assessment Business Continuity Management
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