Offline auditing, Advanced Work-papers and Audit Analytics integrated into BWise Internal Audit
New York, NY and ‘s-Hertogenbosch, Netherlands, November 3, 2011 – BWise, the global leader in Governance, Risk Management and Compliance (GRC) software solutions, today released its new solution for Internal Audit. In the current climate of increasing regulatory pressure, business complexity and susceptibility to fraud, BWise now enables auditors to continually provide enterprises with the ability to detect fraud and reduce risks by ensuring the proper design of controls and their performance. Unique to BWise are its state of the art workflow and continuous monitoring techniques and intelligent audit analytics that can drive more value from available data in an organization while reducing workload.
BWise Internal Audit was developed to assist auditors with the challenging task of supporting an enterprise to obtain objectives and protect it from fraud by evaluating and improving the effectiveness of risk management. It offers auditors a comprehensive way to support the end-to-end audit process, combined with state of the art continuous monitoring, auditing and analytic techniques. The key new features in BWise Internal Audit are:
- Full audit planning, scheduling and time-keeping
- Off-line audit: synchronize work when connected again
- Online and off-line testing of controls
- Define annual audit plans, including individual audits and allocation of auditors
- Work-paper management, recording of findings and issues
- Store audit evidence, in one single, centrally managed secure audit environment
- Manage the audit workflow and create audit reports
- Audit analytics: continuous monitoring integrated in audits
Luc Brandts, CTO and Founder of BWise, said, “With Audit Analytics integrated in our GRC platform, BWise is the most advanced and leading audit platform globally. BWise Audit Analytics enables the secure extraction of data from sources like SAP and Oracle and loads them into an audit. Auditors can define rules on how to analyze this data and can conduct advanced data analyses from it. This enables auditors to focus on high risks due to the high degree of automation.”
BWise truly offers auditors the potential of a New Way of Working. It gives them the freedom to work wherever and whenever they want. BWise Internal Audit offers them modern techniques to optimize, focus and streamline audit activities in one robust GRC Platform. Learn more about BWise Internal Audit during a live webinar on November 17: The New Way of Working in Internal Audit.