Internal audit tools such as audit software, plans, checklists, and schedules help internal auditors ensure that employees follow the organization's policies and procedures. Find out easily the gap in policy compliance with the help of an internal audit app.
Lumiform provides access to an extensive selection of ready-to-use internal audit checklists through its internal audit software. Template-based audits not only save you time but also ensure a consistent workflow. You can load an internal audit checklist or form into the app and retrieve it with just a few clicks. Thanks to the integrated form builder, you have the flexibility to add, delete, and edit audit items. Update your internal audit forms at any time and create custom templates for different audits across the organization.
Standardize and centralize enterprise problem identification, tracking, and reporting with the audit software and mobile app. Increase visibility into incident handling with real-time workflows. Track events and actions in real-time via the dashboard and intervene on time when necessary. As a result, you increase accountability for action items and support their successful resolution.
Audit software gives you real-time insights that support your decision-making. Track the progress of your audit plan, keep track of key findings, and monitor the status of your action plans using your dashboard and reports. Use the analytics feature to streamline audits, reviews, and field operations. Manage and update everything related to audits in one central location with audit management software.
Improve your audit management by performing template-based audits. Plan, perform and evaluate your internal audits from just one software and app. Track issues and actions easily from your dashboard and accelerate problem resolution.
Work collaboratively on actions while logging operations.
Schedule and assign inspections so that they get conducted reliably in time.
Push notifications, emails or SMS remind your team of inspections that need to be done.
Add text comments and photos during an inspection.
Use logics to guide your team through each inspection in a standardized way.
Customize your reports so they fit your needs exactly.
Trigger and assign actions automatically based on an inspector’s answer.
Involve external partners in action resolution at no extra cost.
Connect Lumiform via API to your existing systems.
An internal audit software allows audit teams to plan and manage internal audits successfully.
Lumiform's audit app, for instance, helps auditors do their job anytime and everywhere. The app also has features that allow you to get audit results, create reports, and send them to your team members. You can try Lumiform's internal audit software for free and cut audit time by half.
The process is simple. Quickly create custom audit forms and report templates, conduct audits via app whether you are online or offline, solve uncovered issues, track the corrective process, view and share reports, and access data analytics to identify areas that require improvement.
Organizations must perform regular Internal audits. Auditing your departments can help:
Internal audit automation is an excellent way to make your internal audits more efficient. And that is the reason you need internal audit software. It’s a modern internal audit tool that simplifies your internal audit process. Ultimately, it can improve the quality of your internal audits, boost employee productivity, reduce costs, and make your organization more resilient.
Some important features to look for in an internal audit app are:
The four types of internal audits are compliance audits, operational audits, financial audits, and information technology audits. They examine various business systems.
The right internal audit software helps you perform a successful internal audit. It has features that assist you in all of the eight steps necessary for an effective internal audit. What are those eight steps?
It's not practical to audit all processes in your organization. You must identify which areas need auditing. These areas are the ones that can help your organization achieve its goals and experience real growth.
As a case in point, auditing your financial activities can help you spend your money wisely and enjoy substantial earnings.
If your organization can identify key areas that will benefit from an internal audit, your efforts will be worthy. You will not waste time and resources on planning, scheduling, performing, and analyzing the audits.
Your internal audits will cause significant improvements if done efficiently and effectively. Being clear about the areas that need auditing is key to achieving your desired outcome.
How often you conduct internal audits is an important matter. Your internal audit must be well-timed for it to be successful. Some business processes require annual audits, and some audits may need to be done more often to ensure consistent results.
In particular, quality control audits must be done daily, while financial audits can be done quarterly. As previously mentioned, you must be clear about the areas covered by your internal audit to make an informed decision regarding your audit schedule. There are numerous internal audit tools like Lumiform that can help you schedule your internal audits.
The next step is planning and scheduling your internal audits. Planning and scheduling your audits in advance lets you avoid timetable clashes. Having a defined schedule ensures that the right team members are available when needed during the conduct of an audit. Take advantage of free internal audit tools that help team members plan their tasks accordingly.
Scheduling your audits guarantees that you cover all processes that require an internal audit. Lumiform's internal audit app is packed with features that help you schedule the entire internal audit in advance so that all activities are done on time.
Common courtesy dictates that you must notify all people involved in the upcoming audit. This practice allows all the departments to prepare and have the necessary documents and materials ready.
Unless it is a surprise internal audit due to suspicious activities, your employees have the right to know about the company's activities. They must not feel that auditors are to be feared. Giving your team the lowdown about the audit process will let them understand the value of this activity and how it can contribute to the organization's success.
Notifying the people involved in your internal audit is easy if you use an internal audit management software like Lumiform. The app notifies its users when inspections or tasks are due. You can also set it so that a supervisor gets a text or email as soon as an inspection becomes overdue.
Prepare your audit checklist and ask the right questions to the right people at the right time. Lumiform has a built-in audit checklist maker so you can prepare and execute your audit easily.
The good news for auditors is that there are audit templates that can cut your audit planning time in half. You can customize these forms to fit your organization or industry.
After performing the audit, you can record and analyze the data to create a report that identifies the processes that are working and the ones that need improvements. You can do these tasks efficiently with internal audit management software.
7. Step: Investigate to Develop and Implement Action Plans
You need to perform an internal audit to identify improvement areas. Effective issue management is the core goal of internal audits. An excellent internal audit app must have an issue management feature so you can raise issues, develop an action plan, and implement such a plan easily.
Audit follow-ups help you measure the efficacy of your action plan. It's as important as planning, scheduling, and performing the internal audit. After identifying improvement areas and assigning corrective actions to team members, you must track the troubleshooting status. Lumiform allows you to chat with teammates in-app so you can collaborate on a solution to a certain issue.
Internal audit software can help you perform easily and conveniently all of the above-enumerated steps. It is an internal audit tool that's worth itself in gold. It helps you save time and avoid wasted efforts and resources.
An efficient, organized and streamlined internal audit process makes sure that your organization is compliant with industry standards and best practices. So, get a robust internal audit management software that can help your business succeed because you are consistently providing top quality products or services to your customers.