Why does Audit need Process Mining?
The role of Internal Audit is to provide independent assurance that an organisation’s risk management, governance and internal controls are running effectively. Do target models match the actual state? Are there areas for improvement? Are there gaps in procedures or policies? Are the compliance objectives being met? These are exactly the questions the internal audit department deals with. With Process Mining, companies can improve their audit performance in terms of time, quality and accuracy.
The PAFnow AUDIT Edition supports you to prepare for audits effectively and efficiently!
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.
The PAFnow AUDIT Edition lets auditors gain 100 percent transparency by using 100 percent of cases.
Hit a Bullseye every time with the PAFnow AUDIT Edition
Maximized Control Effectiveness with the
PAFnow AUDIT Edition
The built-in best practice dashboards allow you to 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.