Overview of Audit universe

Audit universe in the Audit app is a comprehensive framework that encompasses all the auditable entities within an organization. These auditable entities can include org structure and processes. The audit universe serves as the foundation for conducting audit risk assessments and planning audits. It helps ensure that all areas of your organization are covered and that audits are prioritized based on the audit risk assessments.

Key features

Here are the key features of audit universe:

• Define auditable entities Define auditable entities from the scratch based on org structure and related processes. This involves selecting or merging auditable entities. You can choose to define them as a combination of entity and process or just as an entity.

• View details of auditable entities After the auditable entities are defined, you can view their details including information such as the last audit completed, planned audits, and related audit risk assessments.

• Edit attributes In the detailed view of an auditable entity, you can edit various attributes such as the name and frequency.