Your Needs:

Consulting Audit firm plays a huge role in preparing corporations for an Audit by external state and federal auditing agencies. Many Organizations depend on consulting firms to handle their Auditing and to achieve their financial goals. These organizations look up to them for and business advisory needs. Consulting firms need to lay out a systematic approach to keep the audit focused and involve all team members throughout the process. They have to clearly set out objectives to detect any Audit related Risk that result from material weakness.

Namtra AuditRoom™ helps firms to develop internal preparedness to conduct Audit for different organizations. It gives a clear understanding of what all the team members are supposed to be doing and how to accomplish the task at hand. Namtra AuditRoom™ will assist Auditors in planning, collaborating, supervising and timely completion of an Audit process according to the audit Standards.

How We can Help:

Namtra AuditRoom™ is an online collaborative tool, where all team members can work together as well as track all their individual progress. All the Audit project related activities can happen at one place. The entire team of Audit can work on the same page in an online collaborative space.

Auditors can overcome any geographical boundaries by using Namtra AuditRoom™, which is available from any web browser.

By using a Task List feature, a check list can be created that is required for a structured Audit Process. Setting clear objectives during the Audit will provide the direction for the work to stay on track. All the team members can view Open, Assigned, and In Progress tasks. Task Reminders helps the team members to achieve timely completion of tasks. Graphical display of tasks and Documents in AuditRoom™ helps to track progress.

The entire team of Auditors can collaborate with Auditees with the help of AuditRoom™. After evaluation of gaps created by material weaknesses in an organization, addition Task can be added by using Add Task feature. The Auditees can respond to the tasks by uploading the required documents from their hard drive, Project Library and Shared Library with the help of Respond feature.

Project Library has a Document life cycle management capability. Project Library can be used for storing audit project related documents. Documents status can be set as Prepared, Reviewed and Approved by audit Managers. Later, that document can be submitted against a task in the Task list. As all the evidence and Workpapers gets accumulated at one place in a Project Library; AuditRoom™ gives an ability to organize them in Folders and Subfolders.

Documents can be shared from other Audit projects using Shared Library. These documents can also be submitted against a task within an Audit Project.

Namtra AuditRoom™ has the Multiple file uploading feature. You can Upload Audit Documentation in any format instantly.

The key to effective team work in an Audit is Communication. Communication through personal emails can create multiple version of truth. Use Audit specific Messaging feature to manage communication between Auditors and the Auditees and keep the secure communication within the Audit project.

Once the Audit is completed, the Audit Project can be closed by using an Archiving feature. AuditRoom™ provides flexibility to make the Project available for re-audits.