ABOX

Key Features

What ABOX delivers

Planning

Build a risk-based audit plan from a living audit universe.

Audit universe: add, edit, remove or hide auditable items over time
Risk calculated as impact × likelihood with configurable impact factors
Auditor override with documented reasoning
Group audit activities to see average risk and draft the audit plan
Manual man-hour allocation and printable plan and sub-reports
Task scheduling and team assignment by Head of Audit or team lead

Work Papers

A standardised approach to performing every audit.

Reusable audit programs and checklists carried over to later periods
Evidence attachments in PDF, JPG, Excel and other formats
Observation record: issue, implication, risk level, recommendation, management response, remarks, rectification timeline
Flags observations repeated across consecutive audit periods
Performer and reviewer sign-off per activity and per assignment
Automated sampling: simple random, stratified, systematic and convenience

Quality Assurance

Independent review of audit work against professional standards.

Conformance checklist against IIA standards and code of ethics
Editable, hideable checklist items
Results printable or exportable to Word

Reporting

Standardised audit reports generated from live work papers.

Standard report formats with executive summary
Sub-reports by risk level, outstanding or repeated observations
Observation wording synced between work papers and reports
Annexures attached to observations
Manual or criteria-based risk rating per observation
Configurable report headings and Word export

Follow-ups

Track every observation until it is resolved.

Automatic summary of observation status from reports
Dashboard: outstanding, resolved, within timeline, past timeline, revised timelines
Word reports by follow-up criteria
Compliance users can be limited to the follow-up module only

Administration & Security

Control who can see and do what.

User and role management with form, report and button level access
Configurable password policy
User activity tracking and data-change history
Reports: users and last login, login/logout, user and role rights, audit trail

Process

The audit lifecycle in ABOX

1

Plan

Audit universe, risk scoring and risk-based plan

2

Perform

Work papers, checklists, evidence and sampling

3

Review

Sign-off and quality assurance checks

4

Report

Standard reports with observations

5

Follow up

Track rectification until closure

Why teams choose ABOX

One standardised method for every internal audit
Risk-based planning with documented auditor judgment
Observations flow from work papers to reports to follow-up without re-keying
Clear accountability through sign-offs, roles and audit trail

Built for

Internal audit departmentsHeads of Internal AuditCompliance teamsBanks, insurers and financial institutions

What ABOX delivers

Planning

Work Papers

Quality Assurance

Reporting

Follow-ups

Administration & Security

The audit lifecycle in ABOX

Plan

Perform

Review

Report

Follow up

Why teams choose ABOX

Built for

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