5.3 Administration Tools
A large range of products is now available to assist in the effective running of the internal audit function. These can be developed in-house or acquired from third party suppliers. In some instances, such as planning software, generally available products such as PMW can be used, although audit specific products are increasingly becoming available. Not only do such products simplify the administration of the function, but they also provide a more professional service for the organisation.
Typically products will be used for such areas as: planning, risk assessment, time recording, electronic working papers and presentations.