Computer Implemented System for Generating Assurance Related Planning Process and Documents for an Entity and Method Thereof
AssigneeAXP Solutions Pte Ltd
InventorTang Kwee Goh
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Abstract
Disclosed is a computer implemented system for generating assurance related planning process and documents for an entity, the system comprises a computer arrangement having a computing device communicably coupled to plurality of input-and/or output devices to acquire inputs and source data of the entity from a user and a server arrangement communicably coupled to the computer arrangement, wherein the server arrangement comprises at least one processing unit, and at least one memory unit configured to store plurality of processing instruction. Another aspect of the present disclosure discloses a method for generating an audit report assurance related planning process and documents for an entity.
Claims27
A computer implemented system for generating assurance related planning process and documents for an entity, the system comprising:
- a computer arrangement comprising a computing device communicably coupled to plurality of input-and/or output devices to acquire inputs and source data of the entity from a user;
- and
- a server arrangement communicably coupled to the computer arrangement, wherein the server arrangement comprises at least one processing unit, and at least one memory unit configured to store a plurality of processing instruction that, when executed by the at least one processing unit, causes the at least one processing unit to:
- analyze the source data to identify data with financial characteristics in the form of quantitative and/or qualitative content to generate a machine-coded output for the entity including the identified data with financial characteristics;
- acquire a response from the user for sequentially provided a plurality of questionnaire sets, wherein each questionnaire set comprises a plurality of queries associated with operation of the entity, and wherein the plurality of queries in a given questionnaire set is generated based on responses provided by the user to the plurality of queries included in a questionnaire set that precedes the given questionnaire set;
- analyze the acquired response from the user using an artificial neural network to validate and train from the acquired response;
- analyze the machine-coded output using a trained artificial neural network and external financial data, wherein the external financial data is obtained or received from a third-party;
- generate a first user interface to display first machine-coded questionnaires for the entity, wherein the questionnaires comprise a plurality of risk assessment parameters;
- acquire at least one input from the user for at least one risk assessment parameter of the plurality of risk assessment parameters to further validate and train the trained artificial neural network;
- and
- generate a second user interface to display second machine-coded questionnaires for the entity incorporating the at least one input associated with the at least one risk assessment parameter.
A method for generating an audit report assurance related planning process and documents for an entity, the method comprising:
- analyzing source data provided by a user to identify financial data with financial characteristics statements to generate a machine-coded financial document output for the entity including the identified financial data with financial characteristics statements;
- acquiring a response from the user for a sequentially provided plurality of questionnaire sets, wherein each questionnaire set comprises a plurality of queries associated with operation of the entity, and wherein the plurality of queries in a given questionnaire set is generated based on responses provided by the user to the plurality of queries included in a questionnaire set that precedes the given questionnaire set;
- analyzing the acquired response from the user using artificial neural network to validate and train from the acquired response;
- analyzing the machine-coded output financial document using the trained artificial neural network and global financial trend external financial data, wherein the global financial trend external financial data is obtained or received from a third-party;
- generating a first user interface to display a first machine-coded questionnaires audit report for the entity, wherein the questionnaires audit report comprising a plurality of risk assessment auditing parameters;
- acquiring at least one input from the user for at least one risk assessment auditing parameter of the plurality of risk assessment auditing parameters to further validate and train the trained artificial neural network;
- and
- generating a second user interface to display a second machine-coded questionnaires audit report for the entity incorporating the at least one input associated with the at least one risk assessment auditing parameter.
Dependencies are inferred from the claim text.