Audit tools
Audit tools:
Audit tools, internal auditors, have a challenging job and during the past few years, these challenges have become visible in a process.
Because the dynamics of the business, the risks related to it and the volume of the examined data have increased with a greater growth than the number of employees of the internal audit units.
Even increasing the number of internal audit staff is not enough to manage their increased responsibilities.
Internal auditors must use new and creative tools and methods to fulfill their responsibilities in this environment where the demand has exceeded the available resources.
Since the 1990s, since computer-aided auditing tools and methods joined the internal audit lexicon, auditors have been looking for ways to utilize Ryan’s tools and methods throughout their practice.
Computer-aided audit tools and methods refer to a set of software tools that allow auditors to use computer tools to review and test transactions.
This tool includes IDEA, ACL, ACCESS, EXSEL, etc.
In addition to these tools, internal auditors also use other visual tools and methods in order to collect, analyze, interpret and present data and convert it into usable information by auditors and managers.
The passage of time shows that the tools introduced in these next parts are very useful tools.
They help us in identifying, analyzing and presenting existing facts and operational measures.
In addition, these tools help to apply a collaborative approach in internal audit, which, if used properly, will bring positive results.
In order to create decent results, internal auditors cannot review the company’s offices, spreadsheets, and documents in the closed room during the audit period.
They should involve process owners and use an interactive approach to evaluate the processes under review.
In this part, 16 tools that are of the highest quality in terms of both quantity and quality are examined.
These tools provide different methods of collecting, analyzing and presenting information and are taken as tools so that we can convince our owners based on it that the current conditions are satisfactory or require corrective measures.
These tools are similar to quality control tools and methods that have been proven effective by quality experts over the years.
There is no reason why internal auditors cannot take advantage of these tools.
In fact, many people have found these tools to be effective in serving business owners and using them when conducting surveys.