The execution phase involves performing the actual audit procedures, testing internal controls, and gathering evidence. AnyAudit enhances audit execution through advanced analytics, control testing, and real-time reporting.
Data Analytics & Sampling :
Perform in-depth analysis using statistical and non-statistical methods for sample selection. This ensures that sampling is accurate and representative, reducing manual effort.
Risk Assessment & Control Testing :
Conduct structured risk assessments and implement control testing to evaluate internal controls. This feature helps identify risks and ensures controls are tested thoroughly for compliance.
Real-Time Dashboards & Reporting :
Keep track of audit progress with interactive dashboards that provide real-time insights into task completion, bottlenecks, and audit findings.