In a business like retail, where the organization possibly has dozens of outlets, it is imperative to run an effective third line of defense. Internal fraud, regulatory compliance and corporate standard compliance risks are among the leading goals for internal audit management for retail chains.

Auditnow helps internal audit teams to plan the annual audit program, schedule and get confirmations for individual audits and run audit activities in the field using laptops or tablets. Reusable question libraries, integrated test procedures and the smart worksheet help auditors run audit meetings and walkthroughs with ease. Audit consensus and report generation is smooth, previous audits’ findings and recommendations can be reused in reports. Findings could be jointly tracked with the individual auditee teams and a big picture view of all open issues and associated enterprise risks could be provided to the audit committee.