Audit Explorer Functions

• Regular Audit

  • Category management for intensive audit on high risk transactions and regular audit
  • Conducting comprehensive audit with tracking and analyzing functions

• Risk Assessment

  • Selection of high risk targets and concentration
  • Suggesting objective standards for audit strategies by having the flexibility of models and adding statistical models

• Audit Administration

  • Analysis of workload, business process and current operational status
  • Selecting sales branches as audit targets

• Branch Audit

  • Supporting compliance activities and monitoring key business tasks
  • Computerized management and control of audit results

Features & Strengths

• Improved Functions for Accident Prevention

  • Detection of risk signs and early alert
  • Regular monitoring for each target and task

• Improved Efficiency for Audit Work

  • Computerization of audit process, practice, and reporting
  • Providing multi-dimensional tracking information and improved analytic functions

• Building Risk Based Audi Work System

  • Risk analysis by risk assessment
  • Increased efficiency for allocation of business tasks and resources through risk analysis (selecting and focusing on high risk object)
  • Suggesting objective standards for audit strategies

• Continuous Records and Data Management

  • Decreased workload for audit by near real time data collection & computerized audit data
  • Reading, searching, and saving data for audit practice

Work Flow

System Configuration

The Audit Information System has inter-related work areas. Data from each area are used for the input of other areas or the reference for audit practice.

Effects

• Mitigated risks

  • Early detection of accidents through regular audit for various possible accident types
  • Prevention of recurring accidents through improved information sharing system
  • Eliminating weakness and preventing accidents by intelligent regular audit operations

• Enhanced international creditworthiness

  • Enhanced accident detection and internal control
  • Building a flexible expansion system and ruling out redundant investments through choosing global standard technology

• Perfect coping with regulations

  • Quick response to audit policies and regulations, etc.
  • Enhanced information sharing system by connecting with other systems

• Increased effectiveness

  • Maximized effectiveness of utilizing audit resources (labor and time)
  • Increased time available for essential audit work by introducing the performance management system and improving the work process