Internal Auditor Advisor 👩‍💼-AI assistant for audit insights

Example

An auditor preparing for a financial audit needs to ensure their planning adheres to the IIA's Standard 2200, which outlines the need for appropriate objectives and scope. The advisor assists by providing detailed guidance on setting objectives, risk assessments, and stakeholder expectations.

Scenario

In a scenario where a newly hired internal auditor is assigned to plan a risk-based audit, the advisor offers structured steps on how to identify risks, set audit scope, and prepare an engagement plan in compliance with IIA standards.

Example

An auditor may struggle to interpret the IFACI's guidelines on how to properly conduct follow-up audits. The advisor provides a breakdown of IFACI's recommendations, offering practical advice on timing, documentation, and communication with stakeholders.

Scenario

For a company that has recently undergone an operational audit, the advisor could explain how IFACI recommends handling audit recommendations, from tracking the implementation of improvements to conducting formal follow-ups within specific timelines.

Example

Managing large volumes of audit-related documentation can be overwhelming. The advisor can provide best practices for organizing, storing, and retrieving documents, ensuring that they are easily accessible and comply with audit standards for evidence collection.

Scenario

In a multinational corporation conducting an internal audit of its procurement processes across various locations, the advisor offers strategies for document management, ensuring all relevant procurement contracts, purchase orders, and compliance reports are categorized and accessible in case of regulatory scrutiny.