Integrated Audit Process
Internal audit has a key role in the corporate governance structure to assure on the effective management of risk, and coordination is also needed to be in line with the assurance function in the other three lines of defense. In its implementation, Internal Audit’s Top management in general strive to have efficient workflows as well as best - practice while remaining accurate and thorough in its implementation.
A system which can adequate to integrate the whole workflow will boost the Internal Audit to achieve its objectives and overcome the problems arise in the implementation phase. It is a powerful Integrated Audit Management System which has flexibility in customizing the system in accordance to the IA needs in order easy to use and time efficiently. Whatever the audit or consulting type applied; or any kind of industry/business model you have, can apply this system at ease & effeciently.
Internal audit has a key role in the corporate Nowadays, Internal Audit is urged to maximizing the usage of audit tools due to data complexity and size that always exponentially grow. Therefore, a Data Analyti solution that optimizing software and services becomes a powerful tool to provide quick insight, as well as continuous audit and monitoring. Auditors then can do more analysis with less efforts, because the system has given more space to them to present analysis that has never been done before due to the tool limitation used.
Robotic Process Automation
In line with the application of data Analysis, Artificial Intelligence, big data and machine learning in today’s digital era, has become new challenges faced by every Internal Audit. Internal Audit is certainly expecting considerable testing and data processing, as well as data visualization that can be conducted automatically whenever required. Especially in business processes which are critical and demand to testing periodically.
Herewith, we present the RPA process that provide services and collaborate with the software IDEA Data Analysis. This solution will offer a time-saving benefit to process of it’s activity. Where the result of Robotic Process Automation can be used in the continuous audit sistem, reconciliation modules, fraud detection modules or other activity that can be customized to user’s needs. Moreover, it presents an accurate data processing which is visualized in the form of dynamic and attractive dashboards and graphics.
Internal Audit Advisory
To create added value to the organisation and improve its operations, we carry out Internal Audits Consulting services for our clients, as an outsourced service such as QAR (Quality Assurance Review), Developing Audit Charter, Audit Policy, Audit Manual, and Procedure including Audit Programme, etc. The scope of our assignments varies from individual audit projects to outsourcing parts of the internal audit function.
“ 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. ”