Internal Audit Procedure

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Simply the Most Powerful Internal Audit Software.

	Solution		Features		Internal Audit Procedure
Internal Audit Procedure The Internal Audit procedure includes the following steps, all automatically enacted by the ProcessGene™ GRC software Suite: Procedure step Internal audit procedure activity Internal audit context establishment Definition of internal audit related business processes Delineation of process diagrams (optional) Definition of assets within the internal audit scope Standardization and documentation of internal audit regulations, policies and procedures Risk identification Risk assessment and measurement Risk tolerance determination Control definition and execution Definition of controls to mitigate identified internal audit risks Internal audit plan Definition of audit plans Assignment of audits to designated auditors Internal audit execution Schedule audits Collect, record and analyze audit results Document recommendations Remediation plan definition, execution and follow-up Internal audit outcome assessment and presentation Present summarizing dashboards of audit outcomes Generate audit outcomes report Multi-Org management Determination of a global internal audit baseline with mandatory components Establishing a workflow for examining local (subsidiary) variants Enforcement of enterprise guidelines, policies, regulations and audit frameworks within subsidiaries Control internal audit activities both locally (per subsidiary) and globally from a central HQ cockpit The ProcessGene™ Internal Audit Software Users The ProcessGene™ Internal Audit software solution provides value to the following users: Internal auditors C-level management (CEO, CFO, CIO, CRO, COO) Board of directors Compliance officers