Internal audit technologies can greatly improve the efficiency, quality and consistency of the audit process. Data analysis software can also enhance the audit by allowing the computerised testing of entire populations of data as opposed to relying on detail testing of sample data. Internal audit infrastructure and methodologies can be developed internally or acquired from a third party. PricewaterhouseCoopers, for example, offers the TeamMate™, an integrated electronic working paper software application designed specifically for internal auditors. We also offer the world’s most respected business process best-practices knowledge base: Global Best Practices®. Your infrastructure should include a quality assurance process to assure compliance with both the organisation’s methodologies and policies and.
