Creating an Auditable Entity 
You use this procedure to create an auditable entity.
Prerequisites
Confirm your role authorization for creating auditable entities. See Internal Audit Management Roles for more information.
Procedure
To create an auditable entity:
Navigate to
Internal Audit Management 
Audit Universe 
.Select Create.
On the General tab, complete the following entries for the auditable entity:
Name
The name of the auditable entity.
The name cannot exceed 40 characters.
Description
Enter a brief description of the auditable entity.
Type
The type of auditable entity.
Type is the categorization of entities and includes the following:Department, Function, Risk, Location, Process, Line of Business.
To modify this list, see Customizing under Governance, Risk, and Compliance Process
Common Component Settings Internal Audit Management Define
Auditable Entity Types .Status
The status for the auditable entity can be one of the following:
In Process
The auditable entity data can still be modified or edited.
Released
The auditable entity has been released for usage by other objects and cannot be changed unless the status is changed to In Process.
Retired
The auditable entity is set to Retired if it is no longer in use. If the auditable entity is in use with other objects, then it can be set to Retired only when the status of other objects is set to Completed.
Notes
Add any notes for the auditable entity.
NoteOn the Related Entities table, select any related entities to include in the creation of the auditable entity. For example, organizations, processes, subprocesses, control, incidents, risks, and activities.
Entities are classified by Name, Description, Organization, Object Type, and Existence.
The Existence column will contain an invalid icon if the related entity does not exist within the selected effective date.
See Effective Date Usage for more information.
End of the note.On the Audit Plans tab, you can view the Audit Proposals and Audit Plan Proposals with the Transfer Date that aligns with the plans of your audit.
Select the Attachments & Links tab if you want to add any type of files or links that pertain to your auditable entity.
The attachments can be described in the Attachments table by choosing the Setting Dialog icon and selecting the column information you want to display.
After you have finished creating your auditable entity, select one of the following screen actions:
Select Save to save the auditable entity.
Select Close to exit without saving your input or any changes you have made.