1. APEX Audit System http://www.apexauditsystem.com contact@apexauditsystem.com HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 1

2. APEX Background APEX is developed by Saltlake Infosolutions Pvt. Ltd. (SIPL), an ISO 9001:2008 certified Software Development Organization based in India APEX is developed by a team that includes, in addition to technical staff, domain experts experienced in Audit including Bank Auditors, Government Auditors and Statutory Auditors. HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 2

3. APEX Overview Customizable Product LAN Based, with a Desktop Component Audit Management System Includes Risk Management Features Electronic Workpapers with Audit Programs Desktop Component Integrates with MS Office HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 3

4. APEX Overview PlanningExecutionMonitoring Work Papers Forms & Workflows HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 4

5. APEX Overview: Planning Audit Staff Management Auditee (Audit Entity) Management Risk Assessment Prioritization Plan Generation HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 5

6. APEX Overview: Audit Execution Generation of Work Orders Updating of Audit Status Audit Work Breakdown (Audit Programs) Audit Findings Track Management Responses HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 6

7. APEX Overview: Monitoring View Audit Status View Staff History (Audits completed in given time frame) View Complete Audit History View Audit Entity-wise History Audit Report and Follow up information HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 7

8. APEX Overview: Working Papers Storage for Work Papers for every Audit Collaborative Editing of Work Papers Auditee Archive Audit Documents HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 8

9. APEX Overview: Forms & Workflows Custom Development Digitization of Standard forms used in Audit Process Implementation of Form based Workflow Integration of Forms with Database for Easy Retrieval Digital Signatures in Forms for authentication HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 9

10. Screenshots HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 10

11. Screenshots HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 11

12. Screenshots HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 12

13. SCHEDULING & ASSOCIATED ISSUES HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 13

14. Background Audit Scheduling was implemented by SIPL (Saltlake Infosolutions Pvt. Ltd.) at State Audit Institution, Govt. of Oman Scheduling requires custom development, taking into account parameters specific to end-users HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 14

15. Team Based Audits are normally team based, with the team size depending upon the size of the task. An individual auditor is also a team, of size 1. Different audits conducted by the same organization may require different team sizes. HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 15

16. Multi-level An Audit Team contains of Team members of varying level of seniority The team composition is based upon directive of the Audit Manual e.g. – A team must include a Senior Auditor and the number of other team members depend on the size/classification of the branch HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 16

17. Dynamic An Audit Schedule is often dynamic, though we would wish for it to be static and unchanging! Reasons why it is hard to have a static schedule: Availability of team (unexpected leave of a team member) Availability of Auditee Travel, natural causes etc.. Other, higher priority work or reassigned to another audit HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 17

18. Prioritized Individual audits vary in priority (actually Auditee Priority) High risk Auditees (Audit Entities, e.g. Branch of a Bank) are higher priority for the Audit Team Auditees high in Priority are audited more frequently (number of audits) and intensively (team size and duration of audit) than lower priority auditees. HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 18

19. Full Cycle All auditees must be covered for audits, based on prioritization HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 19

20. Skill Matching Members of the Audit organization may have different skill sets which may have to be matched to the tasks. HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 20

21. Problems with Audit Scheduling The characteristics mentioned above give rise to a number of problems while creating a schedule for audits: 1. Change in Audit Schedule causes ‘Jitter’ 2. Gaps between Audits because of staff availability 3. Low utilization of team because of team structure (number of members at various positions) 4. Mismatched task allocations because of availability HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 21

22. How to Approach Audit Scheduling Study the Audit Organization or Department Understand Prioritization Tasks Team Size and Composition Skill Sets Customize the Audit Scheduling Program as per the results of the study. Ensure that the staff utilization and ‘jitter’ are at acceptable levels. HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 22

23. THANK YOU! VISIT http://www.apexauditsystem.com for more details..http://www.apexauditsystem.com HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 23