Pentana Audit Work System Introducing a breakthrough in Governance, Risk and Compliance (GRC) software. With the Pentana Audit Work System, realize essential time savings, streamline your approach to auditing, risk management and compliance, while safeguarding your reputation. • I ntegrate risk, audit management and compliance in a single system • Create audit programmes driven b y risk • With one click, produce audit reports ready for direct delivery to the boardroom Professional, Reliable, Relevant Software Paws Brochure Apr 11 v2:Layout 1 06/05/2011 09:01 Page 3
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PentanaAudit Work SystemIntroducing a breakthrough in Governance, Risk and Compliance (GRC) software.
With the Pentana Audit Work System, realize essential time savings, streamline your approach to auditing, risk management and compliance, while safeguarding your reputation.
• Integrate risk, audit management and compliance in a single system
• Create audit programmes driven by risk
• With one click, produce audit reports ready for direct delivery to the boardroom
The Pentana Audit Work System delivers timely, relevant and cost-effective risk, auditmanagement and compliance information, helping to safeguard the organization’sreputation.
The Pentana Audit Work System is an integrated software suite designed by Pentana tohelp GRC professionals manage a wide range of audit, risk, compliance and other GRCoperations.
Around the world successful GRC professionals in a variety of industries includingbanking, government, energy, healthcare, manufacturing and audit regulatoryauthorities rely on the Pentana Audit Work System to deliver results in their day-to-dayactivities such as:• performing risk assessments• managing audits• tracking issues• delivering reports that provide a clear and concise picture of the
key issues at hand.
Through the use of charts and graphs, you can provide analyses that make a definiteimpact on management, allowing them to quickly grasp the relevant issues andrespond in a more timely and effective manner.
Benefits of the Pentana Audit Work SystemCreate powerful reports:
• Gain better and more timely management information on which to base your decisions, through extensive analysis and reporting features• Give management the key information they need with colorful, high-
impact visual graphs and charts • Effortlessly produce context-sensitive reports and automatically
populate MS Office based audit reports and forms• Deliver real-time reporting across all business lines
Save time and money• Enforce a consistent methodology to facilitate review and interpretation of results• Provide simultaneous access to all audit work for lead auditor review and manager
approval without the need for document transfer
Assure full compliance• Comply with international risk and auditing standards, including Sarbanes-Oxley, AS/NZS 4360, Basel II and COSO
Effortlessly input data • Reduce effort and the propensity for errors with the automatic data importer• Replace cumbersome spreadsheet and PC systems with a robust, flexible,
scaleable and easily accessible database system • Actively involve your business units in Control Risk self-assessment and in the
timely completion of agreed actions
Why do GRC professionals depend on the Pentana Audit Work System?• Flexible and complete audit universe
• Customizable work plan libraries integrated with your risk register
• Complete audit work paper management
• Built-in audit scheduler driven by risk
• Ability to standardize risk assessments to ensure compliance
• Track audit issues, actions and follow ups online
• Create progress reports for management
• Automatically populate audit and risk reports for board and regulatory
The Pentana Audit Work System operates at threedistinct levels.
Universe mode – Manage and interrogate your PentanaAudit Work System universe and access various SystemAdminstration and Library Management modules forglobal reporting and analysis across entities and audits.
Entity mode – Perform detailed work on a single entity;this can be a process or an organizational unit, such as“the revenue cycle”, or “a head office”.
Single audit mode – Perform detailed work on an audit;this can be any type of assignment, such as a riskassessment, cyclical audit, or a fraud investigation, etc.
Working at the Universe Level you can:• Gain a bird’s eye view of the data across entities• Analyze risks across the business• Compare business self assessments with internal
audit risk assessments• Track actions• Produce a risk based audit plan• Track audit progress• Prioritize and schedule audits
Working at the Entity Level you can:
• View and update details about the entity, includingcontact details• Assess audit planning risks• Maintain and analyze your risks and controls register
How does the Pentana Audit Work System operate?
T the releva
your deci
• Manage work papers• Provide business users the ability to
perform self assessments• Manage resulting findings and actions
Working at the Audit Level you can:
• View and update details about the audit• Maintain and analyze the risks and
controls register• Plan and perform tests• Attach work papers, create tests,
record test results, raise points and record results• Prepare findings and actions, obtain
responses and automatically produce your Audit Report• Follow up and clear agreed actions
The Pentana Audit Work System lets you prioritize andschedule audits through a process of global riskassessment. Users define a library of global risk factors,including automatic factors taken from risk registeranalyses and the last audit opinion, allowing you to score each entity against those factors. The result is a global riskscore for each entity, which enables users to rank andcompare the relative risk amongst their entities,enabling the prioritization and allocation of staffresources more efficiently.
Today’s GRC professionals in the spotlightBusiness growth, globalization and increasing corporate scrutiny place today’s GRC professionalsfirmly in the spotlight. As information volumes continue to grow, GRC professionals mustincrease their productivity and target their resources while delivering more timely, relevantinformation and strategic assurance to management.
Today’s governance professionals face a variety of challenges including:
• Relentless pressure to increase productivity across all areas of the business
• Demands for timely, relevant information and strategic assurance
• Inefficient reporting tools
• Demands on time for new audit committee reports that take hours or days of
intensive work and revision to complete
• Inability to enforce a specific methodology
How can you better meet the requirements of corporate governance? Above all, how can youaccomplish a standard approach to audit, risk and compliance that ensures the timely, relevantand accurate production of management information, while adding real value to the business?
At Pentana we know that audit management is not about a single activity, but is aconstant challenge of improving and refining your business processes. Our team ofexperienced audit and risk managers have designed the Pentana Audit Work System withstate of the art functionality. Our customers enjoy fast, friendly service and support atall times, as needed.
Pentana Software – designed for youEstablished in 1992, at Pentana our mission is to support audit managementprofessionals through the innovative use of technology. Having evolved from the auditingand IT marketplace, we pride ourselves on our knowledge and understanding of thecomplexities and challenges of the GRC and accountancy profession.
Originating in the UK, we operate on a global basis with support offices strategicallylocated in the UK, USA and Australia. We also have a strong international network ofdistributors and partners, which enables us to fully support our clients all over the world.
We’d love to hear from you and find out more about your audit, risk management andcompliance processes. With this understanding we can present a tailored demonstrationto show how we can help you achieve a more streamlined approach.
For information about our software and servicesyou can contact us via our website at
