Protiviti, a global business consulting and internal audit firm, announced the addition of a Time & Expense Management module to the Protiviti Governance Portal for Internal Audit. The new module complements the Governance Portal for Internal Audit's existing audit scheduling and electronic work papers capabilities, letting organizations access a comprehensive internal auditing workflow anywhere, anytime.

The Time & Expense Management module allows businesses to monitor time and expenses related to audit and non-audit projects, as well as to administrative and personal activities. This information can be used to track projects, report on resource utilization, and manage budgets. Auditors and managers automatically create timesheets based on the audit master schedule and then update the timesheet to reflect the actual time and expenses. Managers can then visually compare budgets to actuals, budgets to allocation, and general resource utilization.

The Protiviti Governance Portal for Internal Audit enables any size audit department to personalize the system to meet its specific internal audit objectives. In addition to the new Time & Expense Management module, the Governance Portal for Internal Audit supports risk assessment, planning, electronic work papers, findings management and audit reporting.

The Time & Expense Management module is included in version 3.10 of the Protiviti Governance Portal for Internal Audit. Existing customers can immediately upgrade to version 3.10 by contacting the Governance Portal Support Desk.