Horizon is an innovative audit service that employs technically-advanced audit software. It uses a Windows-based framework and methodology. It helps us capture information about your business and improves our understanding of how the business operates. This information is invaluable to the resulting audit, increasing its focus and insight. It significantly changes the way in which we organize and perform audits. The service looks in more depth at the commercial issues that flow from the audit and the business risks that are of real importance to you.
Horizon is founded in state-of-the-art technology and is a proprietary method designed to meet the needs of companies of all kinds. Horizon enhances the way in which audits are performed and communicated. It complies with International Standards on Auditing and is updated as new standards are issued. It uses two proprietary software applications.
Explorer
A key element within Horizon is a new software product, Grant Thornton International Explorer. GTI Explorer places a significant emphasis on understanding your business and supports our firms' auditors through all stages of the audit process. The software enables the audit team to generate audit programs that have been tailored to client-specific situations. It also enables them to perform a "paperless" audit where the planning, execution and review will be documented electronically. This new approach helps to deliver more extensive and proactive advice.
auditCARE
Internal controls are an organisation's main means to manage risks. But are those controls ever tested? Managers increasingly need to give evidence about the controls and auditors in turn have to evaluate management's assessment. The auditCARE technology is a crucial aid in this process.
It is a software tool that interprets, documents, evaluates and tests clients' internal controls. It also allows the audit teams to comment on ways to strengthen internal controls. This can range from a full Sarbanes-Oxley internal control audit through to specific areas of concern in a small company.