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Challenges to success1. Limited budget and resources2. Obtaining complete and accurate data3. Working with IT to get automated frequent data feeds4. Alignment and agreement with the business process owners on analytics, metrics, and businessprocess5. Availability of resources (onshore or offshore) with the right functional skills6. Increased complexity working with cross functional IT teams7. Ongoing maintenance and support needs8. Aligning audit approach with Continuous Audit/Monitoring Strategy to transform the auditprocessPwC14
Key to success1. Invest in the solution by allocating budget, developing an Annual Operating Plan (AOP), anddemonstrating a ROI (How many audits will you replace?)2. Set project expectation with program stakeholders (Fin Ops IA, IT and Business) early andoften (What will their involvement and time investment be? What is the plan to have thebusiness monitor?)3. Include project stakeholders in all phases of the project4. Invest appropriately in the requirements and design phases to understand data, and validatedata5. Establish clear program roles and responsibilities to ensure functional skill sets align withobjectives6. AOP should include total solution cost including ongoing maintenance (e.g. Software,Hardware, and Resource)7. Design the new business process to manage the audit through the tool instead of using the toolto auditPwC15
Page 4 and 5: 5.8 Output of UCP Light . . . . . .
Page 6 and 7: DefinitionsContinuous Auditing - In
Page 8: Implementation strategy and approac
Page 12 and 13: Software tool considerations• Bus
Page 16: © 2012 PwC. All rights reserved. "

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