RSM Risk Monitor: Internal audit and controls management platform

Streamlined audit execution with centralized workflows and real-time visibility

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Intelligent audit and controls management for optimized compliance workflows

As audit requirements grow and regulatory expectations increase, it becomes harder to sustain internal audit and controls management programs across spreadsheets, emails and disconnected systems. The challenge stems from the scope of what these programs demand.

Internal audit management is the end-to-end process of planning, executing and reporting on audits to evaluate risk, control and compliance. It spans five continuous phases:

Planning
Fieldwork
Reporting
Remediation
Monitoring

This process evaluates the organization's internal control environment. Internal control management encompasses the policies and procedures that help ensure reliable financial reporting, operational efficiency and compliance. Most organizations structure these controls around five components:

Control environment
Risk assessment
Control activities
Information and communication
Monitoring

An internal audit and controls management platform consolidates these workflows—testing, evidence collection, issue tracking and reporting—into a single system. RSM Risk Monitor provides this structure through a centralized, cloud-based platform that streamlines audit execution and supports more efficient collaboration without the complexity of a full enterprise governance, risk and compliance (GRC) system implementation.

What RSM Risk Monitor helps you solve:

Disconnected audit workflows across spreadsheets, emails and tools
Limited visibility into audit status, control testing progress and remediation
Inefficient coordination between stakeholders and auditors
Manual reporting and difficulty producing audit-ready outputs

RSM Risk Monitor key features and capabilities

RSM Risk Monitor is an intelligent, structured technology platform for managing internal audit and controls management activities more efficiently. By combining intelligent automation with RSM’s risk advisory experience, organizations can manage audit workflows, control testing and remediation activities in real time.

Delivered through RSM’s secure cloud environment, RSM Risk Monitor centralizes audit execution, requests, documentation, reporting and issue tracking into a single system. This consolidation allows organizations to improve collaboration across stakeholders and complete audit and compliance activities more quickly, without the complexity of a full enterprise GRC platform.

RSM Risk Monitor capabilities:

Monitor audit and compliance activity in real time to maintain visibility into program status and performance

View dashboards that reflect current audit and control testing progress
Track status across multiple audits, controls and initiatives
Access a complete, up-to-date view of your audit environment
Align audit activity with risk-based priorities and organizational goals

Manage audit execution and control testing through structured, centralized workflows

Perform audits and control testing within a single system
Coordinate fieldwork activities with business stakeholders
Manage documentation requests and responses efficiently
Maintain consistency across audit processes and execution

Store and manage audit documentation and workpapers in one accessible location

Maintain full workpaper history and supporting documentation
Enable seamless review and validation of completed work
Help ensure consistency and organization across testing cycles
Provide a single source of truth for audit and controls management materials

Improve coordination across audit teams, business owners and external stakeholders

Provide secure access to assigned controls and documentation
Enable collaboration between internal teams and business owners
Allow restricted, read-only access for external auditors and regulators
Streamline communication within a single platform

Generate clear, timely reports to support internal and external reporting requirements

Create customizable reports aligned to organizational needs
Generate real-time audit and control status reports
Produce executive and audit committee-ready outputs
Export workpapers and documentation in structured formats

Track audit findings and manage remediation activities in a centralized, consistent way

Capture and monitor issues from audits and control testing
Assign ownership and track remediation progress
Provide status updates to management and stakeholders
Enable timely follow-up through automated notifications

How RSM Risk Monitor enables efficient audit and controls management execution

RSM Risk Monitor is a structured audit and controls management environment that integrates planning, requests, testing, reporting and remediation workflows into a single system, supported by RSM’s implementation and audit experience.

Step 1

Configure audit and control framework

RSM works with your team to define audit plans, control structures and testing requirements within the platform.

Step 2

Execute testing and collect evidence

Audit teams perform control testing and capture supporting documentation directly within Risk Monitor.

Step 3

Track issues and manage remediation

Identified findings are recorded, assigned and tracked through remediation workflows.

Step 4

Generate reports and audit outputs

Results are compiled into structured reports and documentation for internal and external stakeholders.

Business benefits of an internal audit and controls management platform

Increase operational efficiency across teams

Streamline workflows and reduce manual effort, allowing audit, compliance and business teams to focus on higher-value activities.

Improve visibility into program performance

Gain real-time insight into audit, control and remediation activity to better understand progress and identify areas requiring attention.

Enable more informed decision making

Use centralized data and reporting to support clearer, faster decisions across risk, compliance and operational initiatives.

Strengthen coordination across the organization

Align audit teams, business stakeholders and leadership with a shared view of priorities, progress and responsibilities.

Support scalable growth and evolving requirements

Establish a structured foundation that adapts as your organization’s risk profile, regulatory requirements and operations evolve.

Improve consistency across processes and execution

Standardize how audit and compliance activities are performed to reduce variability and improve overall program reliability.

Why partner with RSM for internal audit and controls management?

RSM Risk Monitor centralizes audit execution, documentation, reporting and remediation into a single, cloud-based system—giving organizations a structured alternative to spreadsheets and disconnected tools without the complexity of a full enterprise GRC platform.

With RSM Risk Monitor, teams gain real-time visibility into audit status, control testing and remediation progress. This helps streamline workflows, improve coordination across stakeholders and complete audits more efficiently supported by RSM's deep experience in risk advisory, internal audit and controls management.

Frequently asked questions

: Organizations are shifting from spreadsheet-based processes to centralized, cloud-based platforms that offer real-time monitoring, automated workflows and role-based access controls. The focus is on improving visibility, consistency and scalability without the overhead of full enterprise GRC systems.

: Centralize your audit workflows—planning, fieldwork, evidence collection, reporting and remediation—into a single platform. This eliminates disconnected tools, reduces manual coordination and produces faster, more consistent audit-ready outputs.

: Yes. Modern platforms like RSM Risk Monitor combine audit execution, control testing, issue tracking and remediation management in one system—helping organizations identify control gaps and manage corrective actions without needing separate tools.

: Look for technology that prioritizes centralized audit documentation, structured testing workflows, real-time visibility into audit and remediation status, role-based access controls, customizable reporting and automated issue tracking—ideally in a cloud-based environment that scales with your program.

Explore our connected risk technology ecosystem

RSM Risk Monitor is one component of a broader set of intelligent technology solutions. Learn more about how each supports a specific part of your risk lifecycle, and how they work together to create a more coordinated approach.

Meet our RSM Risk Monitor leaders

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