Audit Management
Streamline audit planning, execution, and reporting with Gieom’s Audit Management solution. Designed to foster seamless collaboration and drive informed decision-making
Gieom’s Audit Management is a comprehensive solution designed to streamline the planning, engagement , execution, and reporting of audits. It enables organizations to enhance the depth of engagement with teams and owners seamlessly and provides collaborative decision making. The solution eliminates the cumbersome process of managing, monitoring, tracking, and consolidating working papers, streamlining audit workflows and improving efficiency.
Why Choose Us?
Streamlines audit processes by automating task assignments.
Provides a secure repository for storing, organizing, and accessing all audit-related.
Offers dynamic dashboards to track audit progress, key findings, and task statuses in real time.
Risk-Based Auditing enables prioritization of high-risk areas through integrated risk assessment tools.
Data-Driven Insights provides detailed analytics and reports for informed decision-making.
Collaboration Features facilitates seamless communication between audit teams, stakeholders.
Solution Components
Audit Planning
Audit Planning
Ability to create Audit plans and create download templates for approvals.
Audit Engagement
Audit Engagement
Capture various attributes of Audit with ability of budget tracking and resource allocation.
Audit Execution
Audit Execution
Ability to create checklist, add observations, findings , recommendations etc.
Timesheet Management
Timesheet Management
Auditors can record their time allocation across various audits.
Integrated Risk Based Audit
Integrated Risk Based Audit
Integrated with Risk Modules for Risk Based Audit Methodology.
Chat features
Chat features
Ability to check between users from individual screens.
Risk & Control Library
Risk & Control Library
Ability to define a repository for Risk & Library.
Risk Scoring
Risk Scoring
Ability to define Inherent and Residual Risk scoring models.
Follow up and Tracking
Follow up and Tracking
Follow up on the implementation of the recommendations and track delay and deviations.
Audit Working Paper
Audit Working Paper
Ability to templatise various types of working paper and connect the same to respective audits.
Centralized Document Management
Centralized Document Management
Efficient storage, retrieval, and organization of working papers and audit documents.
Real-Time Monitoring and Tracking
Real-Time Monitoring and Tracking
Live dashboards for tracking audit progress, tasks, and findings.
Dashboard Designer
Dashboard Designer
Spool various report for continuous monitoring.
Configurable Workflow and task management
Configurable Workflow and task management
Assign actions and seek approval from relevant department heads through workflow designer.
Digital forms
Digital forms
User can create drag and drop digital forms for various assessments.
Key Features
The audit engagement feature helps manage the entire lifecycle of an audit, from planning and execution to reporting and follow-up. It ensures efficient resource allocation, task assignment, and documentation tracking, fostering effective communication between audit teams and stakeholders.
The audit planning feature enables users to define audit objectives, scope, timelines, and resource requirements efficiently. It supports risk assessment, priority setting, and the creation of structured audit plans.
Risk-based audit allows users to assess and prioritize risks by assigning risk levels to various processes and activities. It helps automate risk scoring, generate heatmaps, and guide auditors to focus on high-risk areas, improving audit efficiency and effectiveness.
Task management , workflow, chat etc. enable teams to assign, track, and manage tasks seamlessly, ensuring clear accountability and timely completion. These collaborative tools facilitate real-time communication, status updates, and document sharing, enhancing coordination throughout the audit process.
Audit working paper management is a key feature that allows users to create, organize, and store documentation related to audit activities in a centralized digital repository. It ensures secure access, version control, and easy retrieval of evidence, supporting compliance and efficient audit workflows.
Frequently Asked Questions
Does the solution support RBIA (Risk-Based Internal Auditing)?
Yes, the audit management solutions support RBIA by allowing organizations to prioritize and focus audits on high-risk areas. The features supporting this includes integrated risk assessment tools, risk scoring models, and dashboards that help auditors allocate resources effectively and tailor audit strategies based on identified risks.
Is there any limitation on the type of audit to be carried out on the solution?
The solution is flexible and support various types of audits, including financial, operational, compliance, IT, and risk-based audits. Customizable templates and workflows allow users to tailor the solution to meet specific audit requirements. As part of the Audit Universe user can define the scope, objective , purpose and such other parameters pertaining to the audit.
Does the solution support audit planning ?
The audit planning feature helps auditor to organize and streamline tasks, ensuring all key areas are covered. It allows users to set objectives, define audit scope, and allocate resources effectively. The solution provides templates and checklists to ensure compliance with relevant standards and regulatory requirements. It also enables risk assessment and helps auditors prioritize audit areas based on potential risks. With built-in collaboration tools, team members can communicate efficiently and track progress throughout the audit.
How does the solution support tracking audit resources?
The solution helps track audit resources by offering tools to manage and allocate resources efficiently throughout the audit process. It allows users to assign tasks to specific team members and monitor their workload in real time. The software tracks resource utilization, including personnel, tools, and technology, ensuring that the necessary resources are available and used optimally. It also provides visibility into resource availability, helping to avoid overbooking or underutilization. Additionally, the solution generates reports to track resource usage, providing valuable insights for improving future audits.
Does the solution support detailed task management?
Yes, the solution supports detailed task management by allowing users to create, assign, and track individual tasks throughout the audit process. It enables task breakdowns with specific deadlines, priorities, and dependencies to ensure all audit objectives are met. Users can monitor task progress in real-time, set reminders, and receive notifications for upcoming or overdue tasks. The solution also allows for collaboration by providing tools for team communication and sharing of relevant documents. Additionally, it generates task reports to assess completion rates and ensure all aspects of the audit are covered efficiently.