Audit planning is achieved through visibility into key risk areas of the organization to ensure audit can focus on high impact and less controlled areas. Audit committee can review dashboards like this to punctuate the need to assign resources to critical risk-based audits.
Risks and regulations abound in business. So too can assurance and compliance monitoring activities. As a result, audit fatigue may set in if auditees become inundated with numerous and sometimes redundant requests for time and information. Fortunately, Internal Audit app provides a common, integrated view of key risks and related assurance activities to support efficient and effective assurance planning and coverage.
Robust issue-tracking methodology is essential for effective internal audit. The right methodology should define who is accountable, what types of issues will be tracked, the scope, the required follow up, who will review issue reports and how often, and whether or not issues are being dealt with. Our powerful workflow tool and comprehensive dashboards make it easy to track issues and ensure accountability so you can be assured your business is running smoothly.
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