Analytics
The Audit Analytics module of Aurex ensures that tracking of issues and recommendations stays easy despite the surge in data volumes. And this is just one of the problems the Module seeks to address. Apart from this, a variety of analytical scenarios may be performed, and the required output may be provided.
Industry Problem
- Only a sample validation of data could be performed for historical data when the data pool is huge.
- Given the time constraints associated with the performing or completing of an audit, the total number of analytical criteria will be limited.
- With the quantum of data swelling, tracking of the issues and recommendations gets to be difficult.
- Absence of a complete and consolidated register of risks, controls, and analytics.
Aurex Solution
- Enabled by Aurex, the entire population in the reports can be analysed.
- For the analytical aspect, the actions or activities may be scheduled beforehand and run accordingly. Follow up, which is automated, will be carried out as per requirement.
- The tracking is inbuilt as far as the issues are concerned. Recommendations and exceptions may also be tracked on a dashboard or on a click basis.
- Aurex links controls, risks and audit to the respective analytical scenarios.
Aurex Benefits
- Minimal or negligible manual effort involved
- A variety of analytical scenarios may be performed, and the required output may be provided.
- Better insights can be gleaned from the information and aids in continuous monitoring.
- Since the linking is automated, savings in terms of time and effort not to speak of added situation awareness.
Workflow
Analytics
Load data to Analytics
Publishing scenario
Status change of controls
Define processes and sub-processes
Scenario building
Verifying the data Manually: identifying exceptions
Risk rating change
Analytics
Define processes and sub-processes
Load data to Analytics
Scenario building
Publishing scenario
Verifying the data Manually: identifying exceptions
Status change of controls
Risk rating change
