What is Initiate Audits in SAP GRC-AUD - SAP Audit Management?

SAP Term: Initiate Audits

• Component: GRC-AUD

• Component Name: SAP Audit Management

• Description: A transactional app used by audit managers to initiate draft audits.

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• Key Concepts: 
  Initiate Audits is a feature of the GRC-AUD SAP Audit Management component. It allows users to create and manage audit plans, assign tasks to auditors, and track the progress of audits. It also provides a centralized repository for audit-related documents and reports. 
  
  How to use it: 
  Initiate Audits can be used to create an audit plan, assign tasks to auditors, and track the progress of audits. The user can define the scope of the audit, set deadlines for completion, and assign tasks to auditors. The user can also view audit reports and documents in the centralized repository. 
  
  Tips & Tricks: 
  When creating an audit plan, it is important to define the scope of the audit clearly and set realistic deadlines for completion. It is also important to ensure that all relevant documents and reports are stored in the centralized repository. 
  
  Related Information: 
  The GRC-AUD SAP Audit Management component also includes features such as Risk Analysis, Compliance Monitoring, and Reporting & Analytics. These features can be used in conjunction with Initiate Audits to provide a comprehensive view of an organization's risk profile and compliance status.