Wolters Kluwer Releases New Report on Audit Technology

Wolters Kluwer Audit, Risk & Compliance has recently released a report on “Audit Technology Insights 2012”. The new report finds out how different types of organizations are utilizing auditing technology.

The report presents ideas and commentary from different audit leaders on effective uses of auditing technology. It also consists of information on how companies such as Home Depot, Hospital Corporation of America and Genworth Financial are making use of the auditing technology. The report, which primarily focuses on offering practical auditing advice to all internal audit functions, has been published by the Wolters Kluwer Audit, Risk & Compliance’s TeamMate line of audit management solutions.

The report also consists of conversation with seventeen audit leaders from varied industries as well as organizations. Some of the expert companies that have been interviewed for the report include Kellogs, United Airlines and Microsoft. The report also features some of the top and unique suggestions from Jim Kaplan, founder and CEO AuditNet, where he has given suitable tips on audit technology.

The report will help users of auditing technology to assess the risks being faced by their organizations better. They will also be able to understand the different steps of the auditing process easily. In fact audit departments will be able to use the audit technology in a much better way and identify different ways in which they can share the best practices with their peers. The report also provides insights into how different and leading internal audit departments of numerous scale and sizes are using audit technology to enhance and strengthen their own operations.

Through this unique and new report, TeamMate intends to assist auditors in determining the efforts and impact of their auditing technology related efforts. In order to compile the report successfully, TeamMate had carried out an Internal Audit Technology Survey and as many as five hundred and eighty five internal auditors across the world had participated in the survey. The participants responded on questions related to internal audit trends as well as directions.

At the beginning of the year 2012, TeamMate had also launched its new Internal Audit Technology Maturity Model and Diagnostic, which has been basically designed to assist organizations in developing technology related strategies for their internal audit system.