MUHASBA drives audit solution with XBRL-based​

Qawaeme solution marked a huge shift from using the traditional paper-based format to an electronic one. 

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Objectives of Qawaeme Solutions :

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(1) Conversion of hard copies of financial statements into electronic form and making them available online to enhance the credibility of information with stakeholders such as the Economic Department, FTA, commercial banks and other beneficiaries.

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(2) Creation of an easily accessible database of enterprises and corporations for analysts,governmental agencies and researchers.

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(3) Ability to identify deviations in enterprise performance through online comparison of performance indicators.

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(4) Audit scoping and planning based on risk factors,and scheduling at group level and for individual audit tasks.

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(5) Manage findings and recommendations with configurable rule-based workflows.

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(6) Dashboards and analytics with real-time status of audit program and report with one click on audit progress and results.

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(7) Manage the end-to-end audit process with automated and configurable audit templates to automatically generate work papers and automated workflows.

 

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Working papers helped make the paperless audit a relaity.

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