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Your First Engagement

This guide walks you through creating and executing an audit from start to finish.

Step 1: Create the engagement​

  1. Navigate to Engagements in the sidebar

  2. Open the Annual Plan and select an audit to start — or create a new engagement directly

  3. Fill in the basic details:

    • Title — A descriptive name (e.g., "Loan Origination Process Review")
    • Audit Area — The business area being audited
    • Audit Period — The time period under review
    • Lead Auditor — The person responsible for this audit
    • Planned Start / End — Your target timeline

  4. Click Create to save the engagement

Step 2: Upload documents​

Go to the Documents tab and upload relevant materials:

  • Prior audit reports
  • Policies and procedures
  • Regulations and standards
  • Process documentation

LOQI processes each document automatically — extracting text, creating searchable chunks, and making them available for AI analysis.

Processing time

Large documents (100+ pages) may take a few minutes to process. You'll see a progress indicator for each file.

Step 3: Run risk analysis​

Go to the Planning tab and open the risk analysis tool:

  1. Click Gather Intelligence — the AI analyzes your uploaded documents and extracts risk items
  2. Review the risk items in the table — each has a risk category, risk level, and rationale
  3. Adjust risk scores if needed — you can edit levels, add notes, or dismiss items
  4. When satisfied, the risk analysis feeds into program generation

Step 4: Generate the audit program​

Still in the Planning tab:

  1. Click Generate Audit Program
  2. LOQI creates objectives, procedures, and testing attributes based on your risk analysis
  3. Watch the progress bar as it works through each step
  4. Review the generated program — edit, add, or remove items as needed
  5. When ready, click Submit for Approval

A supervisor or manager reviews and approves the program before fieldwork begins.

Step 5: Execute testing​

Go to the Execution tab:

  1. Assign procedures to team members
  2. Open a procedure to begin testing
  3. Add sample items — either manually or by importing from a spreadsheet
  4. Record results for each attribute — Pass, Fail, or N/A
  5. When an attribute fails, document the exception with details
  6. If exceptions are significant, escalate to a finding

Step 6: Document findings​

When you escalate an exception or identify an issue:

  1. Create a finding with the 5 C's (Condition, Criteria, Cause, Consequence, Corrective Action)
  2. Set the severity (Critical, High, Medium, Low)
  3. Record the management response and agreed action plan
  4. Set a due date for remediation

Step 7: Generate the report​

Go to the Reporting tab:

  1. Click Generate All to have AI draft each report section
  2. Review and edit each section — the AI provides citations to source documents
  3. Send the report for review to stakeholders
  4. Reviewers can add comments and suggest edits
  5. Address feedback and finalize the report
  6. Collect sign-offs (Prepared by, Reviewed by, Approved by)
  7. Issue the final report

What's next​

You've completed the full audit lifecycle. From here, you can: