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PROCESS MONITORING AND AUDIT

Presented by: Priyanka Pradhan M.Tech(SE) Batch:2013

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CONTENTS

1. Introduction Of Monitoring2. Characteristics Of Monitoring3. Introduction Of Audit4. Characteristics Of Audit5. Audit Analysis6. Steps To Implement Audit7. Audit Activities8. Types Of Audit9. Audit Function10. Conclusion11. Reference

INTRODUCTION OF MONITORING

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CHARACTERISTICS OF MONITORING

Involves on-going checking and measuring Can be periodic spot checks, daily/weekly/monthly tests Usually completed by operations May identify the need for an audit Often less structured than auditing Accountability for monitoring is typically to operations Typically completed by department staff and

communicated to department management May involve internal audit

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INTRODUCTION OF AUDIT

Audit is a formal, systematic and disciplined approach designed to evaluate and improve the effectiveness of processes and related controls.

Provides the means to understand performance versus established standards and identify areas for continued improvement.

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CHARACTERISTICS OF AUDIT

Formal review governed by professional standards Completed by individual independent of the operation Formal, systematic and structured approach Involves planning, sampling, testing, and validating Formal communication with recommendations and

corrective action measures Documented follow-up of corrective actions

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ad hoc repetitive

24 7 365

continuous

AUDIT ANALYSIS

• One-off analysis and testing

• Automated analyses and tests

• Managed and deployed from a central environment

• Continual execution of automated audit and monitoring tests to identify errors, fraud and anomalies on a timely basis

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KEY STEPS TO IMPLEMENTING CONTINUOUS AUDITING

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AUDIT ACTIVITIES

Three elements: Preaudit activities, those done in planning and preparing

for the audit. Onsite audit activities by the audit team, from gathering

for and beginning the audit to reporting to management the results of the audit.

Postaudit activities, which include documenting the audit in an appropriate report format and then developing and executing a corrective action plan to address the improvement opportunities identified by the audit team.

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TYPES OF AUDITING

INTERNAL AUDIT

Performed by trained employee

EXTERNAL AUDITIndependent audit organization

Certification

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AUDIT FUNCTION

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CONCLUSION

Auditing tasks is the determination of compliance of facts with pre-defined specifications.

Auditing is the review of an organization’s quality system in order to achieve quality throughout the process.

Audits are the most effective when performed by qualified professionals who work together and are focussed on clear objectives.

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REFERENCE

[1] Musa, J.D, Software Reliability Engineering McGraw- Hill, 1998 [2] Musa, J.D., Iannino, A., Okumoto, k., 1987. “Software Reliability: Measurement Prediction Application”. McGraw-Hill, New York. [3] Pham. H., 2003. “Handbook of Reliability Engineering”, Springer [4] Balakrishnan.N., Clifford Cohen; Order Statistics and Inference; Academic Press inc.;1991. [5] K.Ramchand H Rao, Dr. R.Satya Prasad, Dr. R.R.L.Kantham, Assessing Software Reliability Using SPC : An Order Statistics Approach, International Journal of Computer Science, Engineering and Applications (IJCSEA) Vol.1, No.4, August 2011

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QUERIES???

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THANK YOU