What is meant by Audit?
The term "revision" refers to the systematic review and evaluation of processes, documentation, or systems to ensure their compliance with applicable regulations, standards, or internal guidelines. The goal of a revision is to identify weaknesses, uncover improvement opportunities, and ensure adherence to requirements.
Typical software functions in the area of "revision":
- Revision Planning: Defining revision cycles, responsibilities, and audit subjects.
- Revision Documentation: Recording and storing the audit results and identified deviations.
- Checklist Management: Creating and managing checklists for the revision to ensure all relevant areas are reviewed.
- Reporting: Automated generation of revision reports that include all relevant information and findings.
- Deficiency Tracking: Tracking identified deficiencies and creating action plans to address them.
- Audit Trail: Logging all changes and inspections in the system to ensure complete traceability.
- Risk Assessment: Supporting the assessment of risks and weaknesses identified during the revision.
- Notifications: Automated notifications to responsible persons about due inspections or open deficiencies.
Examples of "revision":
- Internal Audit: Review of internal processes and procedures to ensure compliance with company policies.
- External Audit: Examination by external auditors, such as financial auditors, to check compliance with legal regulations.
- Financial Audit: Review of the financial reports and accounting records of a company.
- Quality Audit: Review of quality standards and processes in production.
- Compliance Audit: Review of adherence to legal and regulatory requirements.
- IT Audit: Systematic review of the IT infrastructure, including security, data integrity, and system efficiency.