APEX (Audit Planning and EXecution) is a highly customizable software product for Audit Management. APEX is a COTS- Commercial Off-the-shelf software. APEX can be used for performing Internal Audits and External Audits.

1. APEX Audit System http://www.apexauditsystem.com contact@apexauditsystem.com HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 1

2. APEX Background APEX is developed by SaltlakeInfosolutions Pvt. Ltd. (SIPL), an ISO 9001:2008 certified Software Development Organization based in India APEX is developed by a team that includes, in addition to technical staff, domain experts experienced in Audit including Bank Auditors, Government Auditors and Statutory Auditors. HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 2

4. LAN Based, with a Desktop Component

5. Audit Management System

6. Includes Risk Management Features

7. Electronic Workpapers with Audit Programs

8. Desktop Component Integrates with MS OfficeHTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 3

9. APEX Overview HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 4

11. Auditee (Audit Entity) Management

12. Risk Assessment

13. Prioritization

14. Plan GenerationHTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 5

16. Updating of Audit Status

17. Audit Work Breakdown (Audit Programs)

18. Audit Findings

19. Track Management ResponsesHTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 6

21. View Staff History (Audits completed in given time frame)

22. View Complete Audit History

23. View Audit Entity-wise History

24. Audit Report and Follow up informationHTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 7

26. Collaborative Editing of Work Papers

27. Auditee Archive

28. Audit DocumentsHTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 8

29. APEX Overview: Forms & Workflows Custom Development Digitization of Standard forms used in Audit Process Implementation of Form based Workflow Integration of Forms with Database for Easy Retrieval Digital Signatures in Forms for authentication HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 9

30. Screenshots HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 10

31. Screenshots HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 11

32. Screenshots HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 12

33. SCHEDULING & ASSOCIATED ISSUES HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 13

35. Scheduling requires custom development, taking into account parameters specific to end-usersHTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 14

37. An individual auditor is also a team, of size 1.

38. Different audits conducted by the same organization may require different team sizes.HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 15

40. The team composition is based upon directive of the Audit Manual

41. e.g. – A team must include a Senior Auditor and the number of other team members depend on the size/classification of the branchHTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 16

43. Availability of Auditee

44. Travel, natural causes etc..

45. Other, higher priority work or reassigned to another auditHTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 17

47. High risk Auditees (Audit Entities, e.g. Branch of a Bank) are higher priority for the Audit Team

48. Auditees high in Priority are audited more frequently (number of audits) and intensively (team size and duration of audit) than lower priority auditees.HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 18

49. Full Cycle All auditees must be covered for audits, based on prioritization HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 19

50. Skill Matching Members of the Audit organization may have different skill sets which may have to be matched to the tasks. HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 20

51. Problems with Audit Scheduling The characteristics mentioned above give rise to a number of problems while creating a schedule for audits: Change in Audit Schedule causes ‘Jitter’ Gaps between Audits because of staff availability Low utilization of team because of team structure (number of members at various positions) Mismatched task allocations because of availability HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 21

53. Tasks

54. Team Size and Composition

55. Skill SetsCustomize the Audit Scheduling Program as per the results of the study. Ensure that the staff utilization and ‘jitter’ are at acceptablelevels. HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 22

56. Thank you! VISIT http://www.apexauditsystem.com for more details.. HTTP://WWW.APEXAUDITSYSTEM.COM PHONE: +91-98315 92533 23