In this digital-savvy world, mobile auditing, conducted through smartphones or tablets, has become a turning point. The term audit is obtained from the Latin word “audire” which means to hear the assurance of account accuracy with the help of independent reviews. Smartphones and tablets with e-signature facilities can collect and safely process images, videos, voice data, and even GPS coordinates as evidence. Mobile auditing enables capturing pictures by auditors with a camera-facilitated tablet. Nowadays, audio recordings can be translated to text automatically. Thus, auditors can get rid of the tedious task of entering additional information.
Mobile auditing promotes paperless auditing and accelerates processes and audits even from remote locations.
Mobile auditing is crucial to perform self-audits and self-inspections in several industries. To enhance effectiveness and mitigate risks, a great organizational demand exists to automate audits. Self-auditing and self-inspections support an organization by delivering a systematic, disciplined approach evaluating and improving the effectiveness of risk management, control and governance processes.
Advantages of Mobile Auditing
- Data Acquisition:
Mobile phones use various necessary tools and gather better and appropriate data like geographic location, e-signature, etc. Audits can be performed easily and potential errors can be avoided and rectified by enabling these features. GPS tracks the coordinates of business assets where audio recordings and recorded voice messages can be added, thus decreasing much paperwork.
- Data Accuracy:
Data accuracy is an important feature of mobile audits. Data updates immediately, and there is a delivery assurance of accurate information in real-time.
Offline data capture app also amplifies data integrity because of the captured information from the business assets’ location.
- Real-time Visibility:
Mobile Audits provide instantaneous feedback with real-time results. The results are automatically uploaded and available for real-time analysis with an auditing app. This provides an audit on a daily basis and acts on corrective actions immediately.
- Cloud Integration:
Pen and paper auditing checklists are obsolete now. Paper auditing is a prolonged process and hampers writing notes or completing a checklist without accompanying evidence, and there’s a significant possibility for human error. Mobile auditing checklists can streamline the process of auditing and terminate inefficiencies. It is easy to access the information that you need at any time of the day from any location and all within seconds with the help of cloud integration.
- Boost Productivity and Time Efficiency:
Collecting and analyzing data for an audit can be frustrating for auditors. Processing all information manually is time-consuming and inefficient. According to a survey, auditors usually spend more than 45% of their time documenting and reviewing work documents and preparing reports. Mobile audits develop your team’s productivity and maximize efficiency to get correct data and information in real-time. It helps to eliminate time-consuming practices and provide more-advanced, immediate results. For completing and uploading checklists, viewing results, enhancing the data quality, mobile auditing app is used as a one-stop solution.
Closing thoughts on Mobile Auditing
Rapid digitization has caused tectonic shifts in mobile auditing across industries. Mobile audit apps allow teams to conduct audits on their smartphones or tablets, facilitate accurate data collection, support offline data collection, give real-time results, and enable data-driven business decisions while reducing costs. Pulse is a mobile auditing application that transforms the Auditing process, combining the power of Pulse with mobility and flexibility. Auditing through Pulse exchanges the need for paperwork to be carried on-site as documentation, notes, and checklists are available through the app.