(1) Vendor needs to provide auditing software.– Organization of audit engagements by year.• Recording of audit activity by phases from planning to audit report release.• Tools to document diverse organizational and engagement level risks.• Standardization of audit documentation.• Storage of audit evidence with varying digital format types.• Functionality to sign–off on work papers as preparer or reviewer.• Tracking of audit issues and status updates.• Communication mechanisms between the auditor and auditee(s).• Ongoing maintenance and technical support to auditors and stakeholders– Audit Planning & Risk Assessment– The solution will be capable of documenting, storing, and preparing Annual Audit Plans based upon risk results accumulated through the risk assessment process– Audit Scheduling & Resource Management– Task Assignment & Workflow Management– Documentation & Evidence Management– Progress Tracking & Reporting– Integration with Existing Tools– Audit Findings, Observations & Remediation Tracking– Comprehensive Reporting & Dashboards– Single Sign–On (SSO)and Security Compliance– Full deployment and configuration of the auditing software solution
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