Objectives Solution Benefits Quick Facts

SAP Solution Brief | PUBLIC

SAP Solutions for Governance, Risk, and Compliance | SAP® Audit Management

Transform Audit
Move Beyond Assurance
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 SAP Solution Brief Objectives Solution Benefits Quick Facts

It’s time to advance along the

technology curve
Internal auditors must embrace technology in order to automate mandatory It’s time to advance along the
technology curve
assurance obligations and provide critical insight to executives and the board.
The world is leveraging new technology and working with a completely new set of
state-of-the-art tools. It’s time for you to do the same with advanced solutions
that will transform the way you work from day one.

In its 2018 state of the internal audit profession Clearly, internal audit departments are being
study, PwC shows that 56 % of IA leaders believe called upon to raise their games. This elevation
technology adoption impacts IA's value to the requires a progressive shift along the technology
© 2018 SAP SE or an SAP affiliate company. All rights reserved.

organization. 66% of IA leaders view missing risks maturity curve to go beyond traditional auditing. It
as a top threat to not improving technology entails integrating ad hoc and predictive analytics
adoption. In other words, internal auditors are not and using continuous risk assessment and
providing assurance or insight into critical auditing to provide ongoing assurance across the
business risks. enterprise.

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 SAP Solution Brief Objectives Solution Benefits Quick Facts

Document, organize, and collaborate

The SAP® Audit Management application SAP Audit Management has an intuitive, user- Document, organize, and collaborate
transforms the audit process. Powered by the SAP friendly interface that engages your audit staff.
S/4HANA® platform, it integrates with other SAP Integration with SAP Business Integrity Use the kinds of technology you are
solutions for governance, risk, and compliance Screening, SAP Risk Management and SAP familiar with
(GRC) and is a key element in the three lines of Process Control help internal auditors to see and
the defense framework. consume knowledge created by the business. It Report on key business risks and audit
also means that gaps and overlaps in coverage are activities
Providing basic assurance activities will always be avoidable. The software enables flexible resource
a key mandate of internal audit departments. planning and expense management by providing Use next-generation analytics to provide
Internal auditors must continue to provide planning, scheduling, and expense tracking for advice and insight
independent opinions and conclusions but these audit engagements. Automatic indexing of files
© 2018 SAP SE or an SAP affiliate company. All rights reserved.

activities must be automated and streamlined. allows for greater organization.

The resources required to move beyond
assurance, and to provide the kinds of insight your
executives need, come from greater efficiencies
by automating basic auditing tasks, many of
which are currently managed manually.

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 SAP Solution Brief Objectives Solution Benefits Quick Facts

Use the kinds of technology you are

familiar with
SAP Audit Management is an advanced solution Powered by SAP S/4HANA, the application’s Document, organize, and collaborate
that lets your auditors enjoy the kind of search functionality unlocks the knowledge base
interaction they experience every day in other of past audits, making it available for planning and Use the kinds of technology you are
areas of their professional lives. analyzing today’s engagements. You can track and familiar with
monitor global audit findings. Audits can also be
For example, now you can perform audits while on risk rated, and you can develop and maintain an Report on key business risks and audit
the move and use drag-and-drop functionality to audit universe. activities
capture and document text, video, and even audio
files on most mobile devices. Use next-generation analytics to provide
advice and insight
© 2018 SAP SE or an SAP affiliate company. All rights reserved.

Give your audit staff the tools that will help them to
work more effectively, including mobile devices that
enable flexibility and efficiency.
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 SAP Solution Brief Objectives Solution Benefits Quick Facts

Report on key business risks and audit

activities
Establishing relevance continues to be a challenge risk assessment processes and provide insights Document, organize, and collaborate
for internal audit departments. The need for on best practices. It also helps auditors to see and
independence can result in isolation for internal consume control and compliance information in Use the kinds of technology you are
audit departments. Internal audit staff must SAP Process Control as a basis for audit planning familiar with
understand and align with the business in order to and engagement performance.
provide assurance and add insight while Report on key business risks and
maintaining professional standards and Internal audit departments must ensure that audit activities
impartiality. resources are well managed, all audit activities are
planned and supervised, and findings are reported Use next-generation analytics to provide
SAP Audit Management helps internal auditors to and resolved. SAP Audit Management has user- advice and insight
view and understand business risks. Internal configurable screens and reports so you can drive
© 2018 SAP SE or an SAP affiliate company. All rights reserved.

auditors can audit and report on the reliability of the maximum insight from internal audit activities
and track and report on individual engagements
and the overall status of work plan completion.

SAP Audit Management helps the internal audit

team to see the truth behind what’s happening,
understand it, and act on it.
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 SAP Solution Brief Objectives Solution Benefits Quick Facts

Use next-generation analytics to provide

advice and insight
Now you can deliver greater insight and advice by acuity, provide continuous monitoring, and Document, organize, and collaborate
giving management a fresh lens to look through develop the deep, fresh, analytical insights now
and new levers to pull. Our next-generation expected of them from your board of directors Use the kinds of technology you are
analytics allows your internal auditors to explore and senior executives. familiar with
new areas of the business and gain fresh
perspectives. Adopting powerful collaborative tools for social Report on key business risks and audit
networking through integration with SAP Jam in activities
SAP Audit Management places the power of SAP the organization, your internal auditors can
S/4HANA in the hands of your internal auditors, amplify their influence and maintain their Use next-generation analytics to
so they can perform high-speed processing and independence while building and maintaining provide advice and insight
comprehensive searches. Powerful analytics allow productive relationships within the enterprise.
© 2018 SAP SE or an SAP affiliate company. All rights reserved.

your auditors to dramatically improve planning

Now you can put the full power of

SAP S/4HANA in the hands of your
internal auditors.
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 SAP Solution Brief Objectives Solution Benefits Quick Facts

Automate mandatory assurance and

unlock your potential
SAP Audit Management lets you use the power of solutions to help you focus resources on issues Automate mandatory assurance and
SAP S/4HANA to transform your internal audit that matter. For example, how will today’s unlock your potential
department. You can automate mandatory deficiencies drive tomorrow’s business
assurance activities with mobile capability, real- performance? And how will audit
time search capability, and continuous monitoring recommendations drive business value?
and auditing.
SAP Audit Management will help you to gain the
In transforming your audit activities, you can shift confidence of senior executives and the board
resources to value-adding advisory engagements with more powerful reports, intuitive dashboards,
and provide greater insight to the leaders of your and improved oversight.
organization. You can integrate it with other GRC
© 2018 SAP SE or an SAP affiliate company. All rights reserved.

Integrate audit activities with mobile capabilities

and governance, risk, and compliance solutions
for empowered decision making.
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 SAP Solution Brief Objectives Solution Benefits Quick Facts

Summary Solution
SAP Audit Management provides the tools to •• Scoping, risk assessment, and project
transform your internal audit activities. Powered management of internal audits
by SAP S/4HANA, the application integrates with •• Resource management
other SAP solutions for governance, risk, and •• Time and expense management
compliance (GRC) and helps you move beyond •• Audit work paper preparation
traditional assurance activities – so you can give •• Reporting
your executives and board the insight and advice •• Issue tracking
they require. •• Integration with analytics

Objectives Benefits
•• Streamline audits by using technology to create, •• Lower audit cost and shorten elapsed time
organize, and share working papers to report with automated and streamlined
•• Elevate the impact of audit activities by allowing processes
insight into the risks and controls across the •• Increase confidence with keener insights and
business better advice
•• Amplify the influence and value of internal audit •• Increase value-add by internal auditors with
© 2018 SAP SE or an SAP affiliate company. All rights reserved.

professionals by using next-generation analytics timely risk assessment and collaboration

to detect anomalous events and patterns
Learn more
To find out more, call your SAP representative
today or visit us online at www.sap.com/audit

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