Abstract: A system for monitoring a business process including a business process, an indicator for determining a value representing the performance of the business process, and a performance monitor adapted to evaluate the indicator to determine the performance of the business process. The indicator can be associated with workflow-enabled business process or with a control associated with the business process. The performance monitor compares the value of the indicator with a target value. The target value can be inherited from an organizational unit associated with the business process, a control, or set by a user. The performance monitor creates a report summarizing a change in the value of the indicator over a period of time. The performance monitor also initiates an audit process of the business process when the difference between the value of the indicator and the target value exceeds a tolerance range associated with the target value.

Abstract: A hosted audit service includes an interface to audit related tasks, such as planning functions, task assignment functions, progress tracking functions, communication functions, and document management functions. A hosted audit service also creates an audit procedure manual by providing users with a business processes library, receiving a selection of business processes from the business processes library, and creating an audit procedure manual from the audit procedures associated with the business processes. The hosted audit service also includes creating a list of risks. The risks are selected from a risk library in accordance with their association with the business processes. The hosted audit service further includes creating a list of risk controls. The risk controls are selected from a risk control library in accordance with their association with the risks. The audit procedure manual is communicated with the user electronically. Users can access the hosted audit service through a web browser.

Abstract: A system for monitoring a business process including a business process, an indicator for determining a value representing the performance of the business process, and a performance monitor adapted to evaluate the indicator to determine the performance of the business process. The indicator can be associated with workflow-enabled business process or with a control associated with the business process. The performance monitor compares the value of the indicator with a target value. The target value can be inherited from an organizational unit associated with the business process, a control, or set by a user. The performance monitor creates a report summarizing a change in the value of the indicator over a period of time. The performance monitor also initiates an audit process of the business process when the difference between the value of the indicator and the target value exceeds a tolerance range associated with the target value.