What is Track Ongoing Audits in SAP GRC-AUD - SAP Audit Management?

SAP Term: Track Ongoing Audits

• Component: GRC-AUD

• Component Name: SAP Audit Management

• Description: A transactional app. With this app, audit managers can monitor the overall progress of audits they are responsible for, check the tasks performed, view the working papers and close audits.

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• Key Concepts: 
  Track Ongoing Audits is a feature of SAP Audit Management, part of the Governance, Risk, and Compliance (GRC) suite. It allows users to monitor and track the progress of ongoing audits, including the status of audit tasks, the audit team’s progress, and any issues that arise during the audit process.
  
  How to use it: 
  To use Track Ongoing Audits, users must first create an audit plan. This plan should include the scope of the audit, the timeline for completion, and any other relevant information. Once the plan is created, users can assign tasks to members of the audit team and track their progress. They can also monitor any issues that arise during the audit process and take corrective action as needed.
  
  Tips & Tricks: 
  When creating an audit plan, it is important to be as detailed as possible. This will help ensure that all tasks are completed on time and that any issues are addressed quickly. Additionally, it is important to keep track of all changes made to the plan throughout the audit process. This will help ensure that all members of the audit team are aware of any changes and can adjust their work accordingly.
  
  Related Information: 
  For more information on SAP Audit Management and Track Ongoing Audits, please refer to SAP’s official documentation or contact your local SAP representative. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.