Audit & Risk Management
Overview of Approva Solutions
Approva Solutions for Audit & Risk Management
Approva is used by all of the "big four" audit firms and is the industry standard solution for monitoring controls and managing exceptions across business systems, processes and transactions.
Audit groups that are looking to reduce the cost of audits and improve audit accuracy and quality turn to Approva to help them automate manual control testing, streamline audit preparation and proactively monitor key risks.
With Approva, Audit and Risk Management organizations can implement continuous monitoring programs that proactively monitor key risks. As new risks emerge, auditors can create new rules that automatically identify when issues arise.
More than 25% of fraud instances involved losses of at least $1 million.
US organizations lose an estimated 7% of their annual revenue to fraud.
Source:
Association of Certified Fraud Examiners