APEX Components
This solution covers the entire gamut of the activities of an Audit Institution, starting from Planning to generation of Work Orders. From Monitoring of the Audit Progress to creation of reports and Audit Status. Management of Work Papers of Audit in Office (Word, Excel) file formats. Standardized forms used by the Auditing organization can also be computerized and document based workflows implemented around the forms.
APEX comprises of two components: A central Web Component, and a Desktop Component that is installed on every Auditor's computer or laptop.
The Web Component is a central server component that acts as the hub for audit work.
Auditors can log in into the APEX server and perform audit related tasks which include management of:
- Audit Entities
- Objective Areas, Objectives, Risks, Controls
- Audit Plans
- Audits
- Audit Teams
- Reports
The Desktop Component (Electronic Working Papers) is integrated with the tools that you are most familiar with.
You can take advantage of APEX's audit features right from within Microsoft Word and Excel. The Microsoft Office versions supported are: MS Office 2003 and MS Office 2007:
Key features of APEX EWP (Electronic Working Papers) are:
- Versioning: All of your working papers are versioned, with the ability to retrieve any version at any time.
- Security: All documents are submitted into the document database only after verifying access. A timestamp, User Id and a check-in comment are mandatory.
- Working Papers: You can customize your working papers as per your internal standards, or use the default working paper provided by APEX.
- Audit Comments: Audit Comments and Tick Marks can be added using our annotations tool that work within Microsoft Office.
- Hyperlinks: You can create links to other Audit Documents using EWP.
News & Events
May 3, 2010. APEX Audit System v 2.0 includes fine grained access control for its users. The fine grained role based security feature in APEX allows its users to create roles in the system based upon their own organizational structure or other parameters and define what permission would be available within APEX to a user granted that role.
Dec 21, 2009. APEX Audit System v 2.0 has passed the User Acceptance Tests (UAT) at Ministry of Finance Government of Tanzania. The final sign-offs are awaited.
Oct 15, 2009. APEX Audit System v 2.0 has been released to market (RTM) and is available for customer deployments. APEX v 2.0. comes with high end features like Risk Based Auditing (including Risk Based Internal Audit), Electronic Working Papers, Office Suite Integration, versioning and more. Integrated help is provided for ease of use.
Sep 21, 2009. Saltlake Infosolutions Pvt. Ltd. (SIPL), the makers of APEX Audit System have achieved the ISO 9001:2008 certification. Commenting on this, Prashant Verma, Director, stated: "Quality at SIPL is an ongoing process. ISO 9001:2008 certification of SIPL demonstrates our committment to quality and will help us deliver better products to our customers."
Nov, 2009. A series of User Training sessions were conducted for Ministry of Finance, Government of Tanzania. The training was conducted by the APEX training team comprising of Qualified Auditors, Systems Experts and Public Audit Experts. In all, nearly 60 auditors and Chief Auditors of the internal audit function of various Ministries were trained. APEX v 2.0 user manuals and system administration guide were handed over to the Ministry of Finance. Commenting on the training sessions, Prashant Verma (CISA), Director stated: "It was heartening to see the interest in our customers in improving their auditing processes for higher productivity. Further, this was a two-way interchange of ideas and APEX Audit System benefited from the inputs of the participants as well."
Oct 9-10, 2009. A workshop on Risk Based Internal Audit methodology was conducted by the training team of APEX Audit System. Among the items discussed were on migrating from conventional audit to risk based audit and the role of auditors in the risk management process.
