Audit Management
Centrally manage the planning, prioritization, staffing, procedures and reporting of audits to increase collaboration and efficiency.
Archer Audit Management puts you in control of the complete audit lifecycle, enabling improved governance of ongoing audit-related activities, data and processes without the limitations of manual or stand-alone solutions. Designed in cooperation with highly regulated Fortune 1000 companies and aligned with the Institute of Internal Auditor (IIA) standards, Archer’s web-based solution provides an aggregate view of your audit program, including planning, scheduling, risk-based prioritization, staffing, management of audit procedures and tracking of remediation efforts. Through Archer, you can transform paper-based documentation into a dynamic audit program, increase the efficiency of audit execution, perform risk-based scoping of the audit universe, and easily integrate with other enterprise governance, risk and compliance processes.
Through Archer Audit Management, you can:
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Document and Risk Assess Your Audit Universe
Document your targeted audit entities, and determine audit scope by completing dynamic risk assessments of your audit universe. These fully configurable assessments reveal the inherent and control risk associated with each audit entity, and Archer uses the assessment results, in combination with past audit history, to automate the scheduling of audit engagements for each entity. -
Organize Audit Projects
Build a centralized, consistent library of procedures that can be related to multiple audit projects automatically by type or assigned to projects on an ad hoc basis. Workpapers with fully configurable workflow are generated by the solution to allow audit staff to document the results of procedures associated with an audit project. Additionally, the system auto-generates emails to alert audit staff of their tasks. -
Manage Audit Staffing
Easily review utilization and capacity for audit staff and assign personnel to audit projects and tasks. Archer’s time and expense functionality allows you to monitor budgeted and actual time for audit work, along with associated expenses. You can also staff audit projects appropriately based on skill sets, accreditations, etc. -
Execute Audit Plans
Capture the results of audit tests in fully configurable workpapers, and attach supporting documentation and review notes. Also track milestones in the audit process, such as kick-off meetings, field work start dates and completion dates. The solution automatically captures the date/time/user stamp when milestones are marked as complete. -
Generate Deficiency and Management Reports
Manage deficiencies that are auto-generated based on failed audit test steps, enable audit customers to respond to those deficiencies, and track remediation projects to completion. Also utilize real-time reports and dashboards, and export audit data to custom Word templates so you can quickly deliver professional reports to business owners and management. -
Integrate Audits With Your GRC Program
Relate audits to data and processes that you manage with Archer’s additional GRC solutions for a better understanding of the strategic role internal audit plays in helping your organization manage risk and achieve business objectives. Archer’s integrated approach helps you avoid duplication of effort, ensure the consistency of audit results, and facilitate a common risk assessment process across various assurance and compliance functions..
Benefits of implementing Archer Audit Management include:
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Streamlined Audit Approach
Centralization of audit documentation and processes, and correlation of audit workpapers with evidence, observations and remediation efforts in a single, access-controlled solution -
Significant Efficiencies
The ability to share information across departments, repurpose audit procedures, automate workflow and findings generation, and utilize data captured within Archer for other GRC processes, leading to cost savings and improved accuracy of audit results -
Rollup Reporting
The ability to roll up audit status and results to business processes, facilities, third parties, applications, stakeholders and other auditable entities -
Quick Time to Value
Rapid return on your investment from a solution that you can implement out of the box (using predefined access roles, workflow, reports, dashboards, etc.) or easily tailor to your unique audit risk and engagement planning methodologies through point-and-click configuration -
Deployment Flexibility
The freedom to choose an on-premise, software as a service (SaaS) or managed service deployment and to move the solution from one environment to another as your needs change
Take advantage of the following Archer resources:
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Audit Management Data Sheet
Get more details on Archer Audit Management—a centralized and automated approach to managing the complete audit lifecycle. -
GRC Webcasts
Take a deep-dive tour of Archer’s solutions through our one-hour webcasts. Participate live or request a recording to view at your convenience. -
Archer Case Studies and Testimonials
Hear from Archer’s clients why they have been so successful in solving governance, risk and compliance challenges through Archer solutions. -
Archer Live Chat
Chat with an Archer representative to get more information or to set up a private demo of the Audit Management solution for you and your team.