Maclear eGRC Suite Audit Management

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A U D I T M A N A G E M E N T
Maclear eGRC Suite

• Planning and Managing the Audit Process
• Overview
• Maclears Audit Management solution helps
  organizations streamline and strengthen the
  entire life cycle of audit management by helping
  to understand, measure, analyze and improve the
  organizations functions and processes. It helps
  in understanding the standards and identifying
  any deviations to be managed for regulation
  compliance. With multiple regulatory bodies
  outlining compliance procedures for organizations
  and standardizing committees defining processes
  to sustain standards, the need for a planning and
  monitoring solution becomes imperative,
  especially for growing organizations.
• Maclears Audit Management solution enables
• The ability to efficiently plan, schedule and
  conduct audits, automate findings and conduct
  follow-up activities for corrective/preventive
  actions when needed while monitoring the entire
  process
• Identification of process deviations from
  standards and regulations with root-cause
  analysis of actions resulting in such deviation
• Customers to respond to shortcomings and track
  remediation activities arising as a result of
  audit test deficiencies
• The need for Audit Management system stems from
• Strengthening Internal Auditing Capturing
  violations and mediating for improvement can be
  handled internally and remediation or exceptions
  can be documented prior to external audits. This
  not only reduces redundancy and leakages but also
  the time and cost for external audits.
• Measuring up to External Auditing For the
  standards and regulatory bodies, the task in hand
  is to match the internal processes and functions
  with organizational standards which are driven by
  external auditing procedures. A strong internal
  audit process would provide greater assurance and
  reduce the likelihood or level of penalties for
  violations.

• Module at a Glance
• Streamline and strengthen the entire audit life
  cycle
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• Enable organizations to attest to and comply by
  the requirements of standardizing and regulatory
  bodies
• Align internal procedures and functional
  actions to match audit requirements
• Plan, schedule and conduct audits to find
  deviations. Use the findings to take necessary
  corrective actions and follow up
• Manage multiple processes and functions
  within a growing organization to match the
  requirements of the standards and regulations

www.maclear-grc.com
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• Maclears Audit Management solution leverages
  business intelligence to provide dynamic
  dashboards and real-time reports which can
  provide relevant discussion points with business
  owners and management.
• Key Benefits
• Risk Based Approach
• Identifying auditing activities on the basis of
  scope and risk assessments
• Scheduling audit activities on the basis of
  identified risk levels
• Repository
• Leverage a centralized repository of procedures
  that can be associated to multiple audit
  activities
• Record Findings
• Track and record qualitative and quantitative
  findings and assign actions for review
• Use in-built workflow, to review and track
  multiple authorizations
• Continuous Transparency
• Provide complete visibility throughout the
  audit process in real-time including review
  stages

Audit Activities
About Maclear Maclear specializes in enterprise
governance, risk and compliance (eGRC)
solutions. Our core capabilities cover
roadmap design, solutions scoping, design
implementation, training awareness and
solutions support. Our integrated holistic
approach to eGRC helps drive efficiency,
effectiveness and agility for our clients
by minimizing risk and compliance threats,
enabling process improvement, fostering
collaboration and facilitating automation.

• Document procedures that can be used across the
  organization
• Helps in pre and post process review to
  understand improvements and resulting efficiency

Tasks

• Provides a repository of key actions to be
  completed related to audit activities
• Identifies responsible individuals and tracks the
  progress of the task to completion

Audit Execution

• Allows the recording of quantitative and
  qualitative findings
• Interfaces with the Task Application to assign
  actions

Our client base spans industries including
banking, financial services, insurance,
healthcare, retail, manufacturing, education and
energy. As a fast- growing company, we have
earned a reputation of delivering exceptional
value to our clients through delivery of eGRC
solutions and services at affordable prices.
Assessments

• Assessments can be created to automatically to
  gather pertinent information
• Risk level determined based on assessment answers
  using customized pre-defined criteria

www.maclear-grc.com