Magsys supporting Audit
Magsys has over 20 years experience in IT Audit and provides a high level of expertise across the range of skills needed in developing and implementing:
- Data Analytics ( also called CAATs - computer assisted audit techniques),
These are independent extract and analysis programs that can be utilised by audit to assess the integrity of IT systems, to augment current reporting facilities and support investigations. - Continuous Auditing enabling Internal Audit to continually gather and analyse data from processes to support the auditing activities
Magsys supporting the Business
Magsys has over 30 years experience designing and programming IT applications for business.
Magsys works with the business client to develop solutions which address problems or add value to the business processes.
- Extended Reporting
Independent programs that provide analysis and reports which are not achievable via standard reporting. - Continuous Controls Monitoring (CCM)
In today's business world of multiple platforms, packages and vendors, it is often found necessary to not only augment the ERP package's inbuilt controls with business specific controls but also implement higher level “end to end” controls across systems.
A classic example of this might be detection of duplicate invoice payments generated by the A/P and Purchase Card systems.
