Marketing Manager, AudITech
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This blog explores the advantages of embracing automation software within the realm of ITGC Auditing, highlighting how this technological evolution can revolutionize the field for the better.
Given how much technology is ingrained in our everyday lives, it should come as no surprise that workplaces are also going through significant change. Across various industries, automation has become a cornerstone of operations, promising heightened efficiency and precision. However, despite this widespread embrace of technological advancements, the auditing industry has been somewhat hesitant to fully integrate automation into its practices.
The Current IT Auditing landscape
Software integration has become standard practice across departments in today’s corporate landscape, allowing for smooth communication and increased operational efficiency. But this integration has also led to more controls, which raises the risk of undetected deficiencies.
It’s critical for public companies that are obligated by SOX requirements to keep strong control processes in place. However, performing ITGC Audits manually has become more difficult and time-consuming as technological improvements lead to a growing number of controls within firms.
Revolutionizing Auditing with AudITech’s Automation Solution
In traditional manual IT General Controls Audits, auditors can only sample a fraction of the controls, leaving room for undetected deficiencies that could pose significant risks during external audits. This uncertainty is especially concerning for CFOs, who bear the responsibility of signing off on financial statements. AudITech’s automation software, however, conducts comprehensive audits of all controls, evidence, and populations on a daily basis. This proactive approach ensures that any deficiencies are promptly identified and addressed, providing stakeholders with the assurance of SOX compliance and facilitating a smoother external audit process. With AudITech, organizations can navigate the complexities of regulatory compliance with confidence and ease.
Integration of Automation
But how does ITGC Automation with AudITech work? It’s far more simple than you think. Our team works alongside the company to integrate all controls to the platform. The company can decide whether they want to integrate the controls in an automatic way using an API or if they would like to have it manually integrated, simply with csv files. At AudITech we recommend the Automation route to experience the full automation capabilities of the platform. We have a wide range of integrations already available, some include Jira, Oracle, NetSuite, SAP, Azure, AWS and many more.
Once the integration is complete, our team runs tests to confirm that the audits are being processed appropriately and that the results are accurate. Once this phase is completed, the platform will automatically perform ITGC audits on all controls and report back on the results. Your staff will no longer have to perform manual ITGC audits.
Easy to Use Platform
All of these findings can be viewed from a single user-friendly dashboard. You can filter through many options, here are some examples, users, systems, entity, domain, status etc. With our platform you get a bird’s eye view of issues detected allowing you to identify the most critical issues immediately. You can download working papers and reports directly from the platform, and make comments that pull through from the platform directly to the working paper.
SOC1 and SOC2 Compliance
Rest assured that our platform has undergone rigorous assessments and obtained both SOC1 and SOC2 certifications. These certifications signify that our processes and controls meet stringent standards for data security, integrity, and accuracy. Therefore, when you sign off on working papers generated by our platform, you can have full confidence that they are not only accurate but also adhere to the highest industry standards for reliability and compliance.
Embracing automation in ITGC auditing is essential for navigating the complexities of regulatory compliance. By leveraging AudITech’s automated platform, organizations can streamline their auditing processes, ensure accuracy, and stay ahead in an ever-evolving business landscape. It’s time for auditors to embrace automation and unlock the full potential of their auditing practices.
Contact us today to schedule a demo and see how our solution can help you.
