Internal Audit Management Application
Accelerate and standardize audit cycles from planning to execution with centralized data, automated workflows, and real-time reporting.
What is the Internal Audit Management Application?
The Application centralizes audit processes to eliminate data silos and reduce administrative tasks. By providing a unified platform, it enhances overall audit tracking and management, accelerates audit cycles, and utilizes connected, automated workflows for increased efficiency.
Streamline Your Internal Audit Program
Minimize time on redundant tasks, so your team can focus on analyzing, sharing, and acting on audit findings. From annual planning to execution, streamline your internal audit processes to enhance efficiency and effectiveness.
Centralize Audit Planning and Documentation
Kick off new audits with standardized planning forms and a dedicated location for storing related documents.Eliminate data silos to ensure accurate and timely information is used throughout the entire audit lifecycle with centralized audit, risk, and control repositories and built-in changelogs. Aggregate data by audit entity to create a clear and connected view of risk and audit readiness so you can prioritize corrective actions before your next external audit.
Accelerate Audit Cycles with Improved Collaboration
Spend less time tracking down documents and emails with pre-built, configurable workflows that guide each step of the audit process, from annual planning to finding remediation. Seamlessly transition from one task owner to the next with automatic assignment notifications and deadline reminders. Accelerate assessment, testing, and remediation activities with easy-to-complete forms that provide relevant data from previous workflow steps. Automatically generate the documentation needed to pass your next control audit with Risk Cloud® Documents.
Increase Visibility of Operational Risks, Control Effectiveness, and Remediation Priorities
Visualize key metrics like audit entity risk scores, reduction in high operational risks, budget allocation, and more in a single location. Bolster external audit readiness by referencing the latest and most accurate risk and control data with out-of-the-box reporting dashboards. Go a step further and configure reports to align with your organization’s auditing priorities — all without writing a single line of code.
Resources
Learn how the internal audit team strengthened their data analytics capabilities and automated their internal audit process to build collaborative partnerships across business units, supporting the company’s global growth strategy.