Risk Monitor: Internal audit and controls automation

Leverage Risk Monitor to implement an effective, risk-based plan that prioritizes internal audit and control compliance activities consistent with your organization’s goals.

• View real-time status of your internal audit and compliance programs with access to key dashboards and a complete picture of your environment at any time
• Customize risk assessments and track critical information based on your organization’s environment and risk thresholds
• Track and compare project and administrative time accurately with simple integrated timekeeping

Use Risk Monitor to facilitate the development, documentation and review of your audit and control programs to achieve your objectives.

• Manage multiple projects effectively with comprehensive dashboards that track the status of all initiatives
• Easily manage audit documentation request lists with your business owners to streamline fieldwork
• Gain enhanced visibility into key processes, documentation and full workpaper history in one location
• Identify and document improvement opportunities and facilitate review of action plans with management
• Seamlessly review the accuracy of completed workpapers with integrated approvals to ensure quality

The Risk Monitor platform increases efficiency, helping you streamline your efforts to provide timely project status, audit and control findings, and executive/audit committee reports.

• Tailor your reports and fulfill organizational requirements with customizable templates and flexible ad hoc reporting
• Generate timely and concise reports based on real-time visibility of data with an intuitive user interface
• Offer owners and stakeholders secure access to assigned controls and process narratives
• Provide external stakeholders (e.g., auditors, regulators) with restricted, read-only access to data based on assigned security groups to facilitate the review and sharing of information
• Provide complete workpapers in PDF format extracted for a convenient and practical package for distribution to external auditors, regulators, etc.

Risk Monitor’s enhanced functionality helps you ensure agreed-upon action plans are effectively implemented and status updates to management are easily provided.

• Track the status of outstanding issues and resolutions regardless of source in one central, easily accessible location
• Implement customized controls to restrict access and securely enable responsible managers to provide accurate status and documentation updates
• Deliver timely and efficient email issue updates to follow-up auditors and responsible managers