ReliantAuditorTM Pilot Service

Automated Controls Assessment

Automated Controls Assessment
As another audit cycle approaches, the process of gathering documentation, planning, control testing, and preparing transaction samples is a long, tedious process for most audit departments...and actual control testing hasn't even begun. If you struggle with insufficient resources and coverage, and you lack confidence in your audit results, you're not alone. Despite the fact that automated control testing is now available, manual testing is still the predominant method used by internal auditors. Why? For most companies, it's not a lack of desire for faster, more efficient methods, just a lack of understanding on how to get there. That's why Reliant Solutions now offers ReliantAuditor™ Pilot, a two-week pilot that lets you experience Continuous Monitoring of your control in your ERP environment quickly and easily.

ReliantAuditor™ Pilot Delivers Immediate Value
Embracing a continuous audit methodology is a significant time investment. Unfortunately for many audit executives, the urgency to meet short-term deadlines overshadows the many long-term benefits of continuous auditing. With ReliantAuditor™ Pilot, you can take the first step. Through 100% coverage of transactions for specific business processes, audit executives gain immediate value from complete visibility into the effectiveness of current controls and testing methods, as well as concrete data to project the value of automation in your environment. This information is critical to developing a sound business case and sense of urgency to embrace continuous auditing.
“The ReliantAuditor™ Pilot gave us the opportunity to involve the management and garner their support while allowing Internal Audit to demonstrate the benefits of continuous monitoring.” - Syed Mohammad, Director of Internal Audit Advantage Sales and Marketing

ReliantAuditor™ Pilot Is Fast and Easy

  • Two-week professional services engagement with pre and post pilot meetings
  • Reliant?s professional services consultant will collaborate with your team to identity business process owners, checklist of key controls and key success criteria for pilot
  • On conclusion of the pilot Reliant will help build a business case for the permanent migration to Continuous Monitoring using ReliantAuditorTM
  • Can be performed using minimal access to your ERP system or leverage reports generated via your system generated reports

Benefits of ReliantAuditor™ Pilot

  • Using ReliantAuditor™ to automate controls, relieves business process owners of time consuming manual processes while increasing test accuracy by utilizing 'audit by exception' methodology
  • Demonstrate the value of real time risk dashboards to Audit Committee members and senior management while allowing access to business process owners for continuous risk visibility even on mobile devices
  • Leverage a fully customizable workflow automating testing, remediation and issue management between process owners and auditors
  • Includes option for: Heterogeneous ERP controls
  • Track and quantify operational efficiency through automation of financial and accounting processes
  • Risk mitigation due to immediate notification of potential fraud
  • Improved quality of overall audit processes due to increased visibility, coverage, and accountability
  • Build business case for Continuous Monitoring and Continuous Auditing.