More than half of senior management does not believe internal audit adds significant value to their organization. To change this perception, you must take a coordinated, risk-based approach.
Common difficulties that auditors are experiencing include:
Is your internal audit strategy/approach positioned to adapt to the rapidly changing regulatory and business risk landscape?
Change your audit strategy from compliance-focused to risk-based!
Collaborate with risk and compliance functions to integrate the appropriate view of risk into your evaluation of the most critical areas of the business and organizational controls. And focus on strategic business initiatives.
– USE CASES –
RSA Archer Audit Management provides several use cases to meet your specific business needs and progress in the audit maturity journey, including the following options.
It allows you to create a consolidated view of all issues. Find out how it can reduce your risk of repeat audit findings, compliance violations and other penalties.
It enables you to define your audit entities and universe, perform audit engagements, maintain work paper documentation, and report on audit results in a consistent and timely manner. It helps you transform the efficiency of your audit department, complete better-scoped audits more quickly, and decrease external audit fees.
It enables internal audit teams to risk assess their audit entities and make audit plans for engagements in the coming year. It also offers quality assessment of your audit function for improved governance of audit-related activities.
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