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COGIAS: INTERNAL AUDIT STUDIO
CogIAS, the Cognitive Windows Internal Audit Studio is a breed and fruit of Intensive R&D efforts exerted by CogWin to quench both the eminent auditing requirements and strategic direction of any organization.
CogIAS is the only Data analytics solution that bridges the gap between the limitations of traditional data audit systems and the actual needs of auditors and organizations. CogIAS is the only comprehensive solution that enables you to:
- Effectively manage the entire audit lifecycle
- Easily plan the audit process and allocate the resources
- Monitor every aspect of the audit process and take on the spot corrective measures
- Gain full insight on your data and effectively identify any exceptions
- Dramatically improve analysis time, and reduce analyses costs
- Move from seasonality to daily analysis of data
- Maintain a reliable audit trail and store critical tests and audit tasks in a secure,
well-managed location
- Implement Fraud detection, policy automation, real-time policy violation detection.
- Improve control over your business transactions and focus resources on the risks and issues that most concern your organization.
- Replace unreliable analysis tools such as spreadsheet or PC-database systems with the most advanced, robust, easy to use, and scalable system in the market.
PROMINENT FEATURES
Audit Data Analysis Toolkit:
This is a complete toolkit that enables the auditors to create their own data analysis modules without technical skill requirements in record time (Less than 30 Minutes for complicated module).
Automatic Screen and Report Generators:
This enables the auditors to create their own data analysis screens and reports without support from the computer department.
Flexible and Automatic Data Migration
The system is equipped with automatic data downloading, code page conversion, information preprocessing and posting capabilities. This enables the auditing department to schedule their data migration tasks and hence the entire data migration process is accomplished automatically without the intervention from human agents.
Support for Automatic Data Analysis:
The system is equipped to conduct automatically data analysis based on some predefined policies, and rules. After the automatic execution of the queries, the results can be delegated to the appropriate auditors using the inbuilt workflow management module.
Findings Processing and Entry Module:
This module enables the auditors to flexibly processes and file findings during on-engagement.
Audit Lifecycle Manager:
This enables the auditing department to enforce the execution of their tasks according to their standards lifecycle by using lifecycle management module. This module enables the audit department to specify their standard lifecycles using graphical tools (Pre-engagement, On-engagement, and Post- engagement). The figure below depicts a sample lifecycle generated by this sub-system.
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Depicts a sample auditing lifecycle generated and regulated by Lifecycle Manage
Task Engineering and Editing Toolkits
This encompasses both task engineering and monitoring toolkits. The task engineering toolkit enables the auditing department to create a flexible task checklist processing screens that can be updated during the progress of the auditing process. Furthermore, the monitoring toolkit enables the audit department to monitor timely the progress of each task and sub-task. The figure below depicts entire sites tasks monitoring screen.
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Depicts Tasks Monitoring Screen in All Sites
Intelligent Task and Resource Planner
This uses our innovative "Intelligent Planning Network" (IPN) framework to plan for the entire auditing tasks, and resource allocation using business rules and policies fed by the auditing department. IPN is equipped with both operations research based optimization techniques such as linear programming, and other artificial intelligence based optimizers, to generate globally optimal plan.
Automatic Data Quality Regulator
This automatically regulates data quality dimensions (Wang and Strong IQ Dimensions). Since data anomaly extremely affects the quality of audit findings, this module ensures that the auditor finding are not distorted due to data quality degradation.
Automatic Workflow Management and Monitoring
This is workflow management system, that enables the auditing department to define their own workflows. Besides, this is equipped with state of art work in progress (WIP) monitoring system. The figure below depicts a sample WIP monitoring screen.
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Depicts a sample of WIP Monitoring Case
Support for Standard Sampling Techniques
The system intrinsically supports four sampling techniques (Recommended by the Institute of Internal Auditing), i.e. Simple Random Sampling, Stratified Sampling, Probability proportional, and systematic sampling.
Support for Quality Program Implementation
The system, out-of-box supports the implementation of Six Sigma. The system can easily be tailored to accommodate other quality programs such as lean, TQM (Total Quality Management) … etc.
Intelligent Knowledge Management (IKM)
IKM enables knowledge to be shared across all the auditing department personnel. This maintains the knowledge within the organization even when the employee leaves the organization. Moreover, new recruits can easily be integrated within the department, and be productive with minimal time and effort.
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