Confirms financials, transactions, and regulatory compliance
What Does the ERP Audit System Do?
An auditing system provides accountants and internal auditors with software tools to audit company financial statements and accounting records for errors and regulations compliance.
What can Audit do for your company?
You will be able to quickly create audit trails that let you trace any transaction from its summary down to its details.
Managers will be able to monitor the entire audit process, and a copy of every document audited will automatically be saved.
Knowing which employee accesses the system and when they enter data makes it easier for you to identify control issues and test for problems, such as unauthorized employee-supplier relationships.
Key Benefits of Audit
- Enhance efficiency by allowing more than one auditor to work on different parts of a client’s audit at the same time
- Eliminate the need to perform standard tasks through automation
- Increase accuracy, by recalculating and verifying balances electronically
- Recover client expenses or lost revenues by testing for duplicate payments, gaps in invoice numbers, and unbilled services