An effective audit function plays a critical role in a capital markets organization. While internal audit must maintain its independence, it should not be isolated from the rest of the enterprise, but should be able to directly access and utilize all varieties of enterprise data to support a more automated, cost effective, and integrated audit function.

AuditCenter, CenterSphere’s Audit Management module, has been designed to improve the control and efficiency of the entire audit process, from audit preparation to report generation and the tracking of open audit items by a variety of criteria. When combined with other CenterSphere modules, such as CenterFlow and LegalCenter, the level of access to and integration with firm-wide data becomes unprecedented.

• Supports all audit phases including planning, executing and reporting

• View and maintain past, current and future audit schedules

• Sort and view schedules by date, organizational unit, legal entity, and/or responsible auditor(s)

• Create and maintain audit work papers from within the application

• Generate audit reports by organizational unit, legal entity, IT system, or any other audit target, as well as by audit rating and/or responsible auditor(s)

• Formally track audit issues, allowing internal audit and business unit management to stay abreast of and resolve open items