Fast and data-based insights
Internal Audit takes weeks of labor intensive exploration.
Due to the lack of facts it is very tedious to identify abnormalities and exceptional behavior in business processes. Traditional Audit tools are centered on sample data testing instead of full population process data testing, which makes finding risks equivalent to looking for a needle in a haystack.
Our audit tool - the PAFnow AUDIT Edition - lets auditors gain 100 percent transparency by using 100 percent of cases to ensure effective audit.
Process Mining & Internal Audit
The internal audit function was designed to add value and improve an organization’s operations, but how this is achieved evolved over time and keeps continuously evolving further. This whitepaper explains how the PAFnow AUDIT Edition can be leveraged to handle the challenges internal audit is currently facing.
Effectiveness of internal control
- Detect process problems that usually stay invisible through interviews, workshops and walkthroughs
- Spot process exception and unusual transactions to uncover fraud and potential risk through visualization
- Measure the process performance, monitor the progress and success of improvement measures