DATASHEET

Archer Audit Engagements& Workpapers®

Use Case for Audit Management
The Challenge

The challenge that internal audit teams consistently face in managing their audit engagements
is lack of risk-driven audit coverage, inconsistency and inefficiency. For example, many
internal audit groups cannot focus on risk-based audits because they are too absorbed
in executing compliance procedures to satisfy regulators. Further, audit procedures andengagements are often performed inconsistently.
To make matters worse, audit teams spend countless hours assigning and managing auditresources. They also struggle to track the status of engagements and workpapers, and theylack visibility into the status of findings generated during past audits Audit reports are noteasily updated with changes to au dit findings remediation plans and workpapers, and there
are constant fire drills getting information to external auditors.

Overview
Archer Audit Engagements & Workpapers enables you to track your audit universe, perform
audit engagements, maintain workpaper documentation, perform testing, and report on audit
results in a consistent and timely manner. Archer Audit Engagement & Workpapers helps you
transform the efficiency of your audit department, complete better-scoped audits more quickly,
and decrease internal audit time and external audit fees.
®

FeaturesBenefits• Audit universe tracking with crossreferencing		 to audit engagements.

With Archer Audit Engagement & Workpapers
you can:• Audit engagement and workpaper		 documentation, review and approval		 workflow.

• Ensure audit engagements and workpapers		 are performed consistently.

• Audit report and planning memo templates.
• Audit findings and remediation plan		 management with comment review		capabilities.
• Offline audit engagement capabilities.

• Reduce external auditors’ time and requests		 by providing allowing them to self-serve the		 information they need.
• Easily generate audit reports and findings.
• Focus on risk-based auditing.
• Provide management and the Board with the		 information they need.

About Archer
Archer is a leading provider of integrated risk management (IRM) solutions that enable customers to improve strategic decision-making
and operational resilience with a modern technology platform that supports qualitative and quantitative analysis driven by both businessand IT impacts. As true pioneers in GRC software, Archer remains solely dedicated to helping customers manage risk and compliancedomains, from traditional operational risk to emerging issues such as ESG. With over 20 years in the risk management industry, theArcher customer base represents one of the largest pure risk management communities globally, with more than 1,200 customers
including more than 50% of the Fortune 500.
Visit www.ArcherIRM.com.

@ArcherIRM

Archer Integrated Risk Management©2023 Archer Technologies LLC. All rights reserved. Archer and the Archer logo are registered trademarks or trademarks of ArcherTechnologies LLC in the United States and other countries. All other trademarks are the property of their respective owners. Archerbelieves the information in this document is accurate. The information is subject to change without notice. 10/23 Data Sheet.