Turn Policy Into Process

AUDIT MANAGEMENT

PREPARE FOR AUDITS WITH CONFIDENCE

Audit represents a critical component of your entity’s risk and assurance program. As the third line of defence or assurance, internal audit provides the deep analysis required to determine the effectiveness of your entity’s control environment.

It is therefore important that the planning and management of your audit program is consistent with better practice, effectively captures all required information, and generates clear reporting and oversight.

Lighthouse allows you to prepare for audits with confidence. Our auditing tools simplify the audit process, allowing you to track audit tasks, manage findings, and generate comprehensive reports with ease.

With many entities employing an outsourced internal audit approach or a partnership model, having a way to capture and maintain audit information including audit recommendations and actions within your entity’s information systems is vital.

with lighthouse, we provide you and your organisation with:

Internal Audit Planning

Maintaining your three-year rolling internal audit program in Lighthouse provides you with clear oversight of both current and historical audits to ensure effective audit coverage of strategic risks.

Document Generation

As your audit and audit planning outputs are likely to be scheduled for committee and executive meetings, Lighthouse’s document generation feature can be used to create the required briefs. This ensures consistency in the provision of information across meetings, and allows you to create a format that reflects your entity’s branding.

Audit Recommendation/Action Management

Management of audit outcomes and recommendations can be time consuming to oversight and ensure are completed. The Lighthouse audit action management solution allows you to select relevant recipients, assign due dates and build in automated follow up emails. You can also have a scheduled report with outstanding actions and recommendations sent to nominated recipients as an oversight activity.

Real-Time Monitoring and Reporting

Lighthouse reports are generated from live data ensuring the most up-to-date information is provided to executives and committee members. Reports can also be viewed in a dashboard that are meaningful for senior executive and committee members, a format that is especially useful for time constrained officials.

Assurance and Compliance Surveys

The Lighthouse survey functionality complements the audit and assurance reporting cycle by providing a tool to capture compliance outcomes such as the currency of policies, delivery of training, status of control implementation, for the year to date.

COMPLIANCE MANAGEMENT SUB FUNCTIONS

Lighthouse provides a range of sub functions to help increase your data accuracy, boost efficiency,
and provide confidence in your audit and assurance activities.