Avoid time-consuming and resource-heavy process mapping that depends on inaccurate and biased subjective views from interviews.
Assess compliance, test key controls such as segregation of duties, compare actual practices against the practices called for in law or policy.
Examine the effectiveness or efficiency. Analyze performance of individuals or entire departments. Identify the outcomes achieved.
Track money flow within processes. Analyze and verify compliance in procurement, accounts payable or accounts receivable processes.
Gain immediate insight into your risk assessment. Review Key processes by comparing them to designed processes, and see where deviations occur.
Use Minit to gain insight into various key processes throughout a company, business unit per business unit, division by division, and to scope in higher risk areas into your audits.
Each financial statement audit requires a minimum assessment of the design of the control framework. Minit enables you to test the design of key processes.
Each key process includes a number of specific controls designed to mitigate risk. Minit's filters help you to perform a detailed test of controls using 100% of the underlying transactions/events.
Each framework is designed in a matter to ensure proper segregation in duties while processing transactions and carrying out activities. Use filters and stats to drill down into the process and uncover breaches.
Follow the flow of money and map its footprint. Track high value and high-frequency transactions irrespective of use cases. Assess whether reported financial information (e.g., financial condition, results, and use of resources) is presented fairly.
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