Internal Audit Management App
The MetricStream Internal Audit Management App is designed to manage a wide range of internal audit activities, data, and processes in an integrated and unified manner. The App streamlines and standardizes the internal audit lifecycle, minimizing redundancies and inconsistencies. It also cuts across organizational siloes, improving collaboration and information-sharing on audit activities. Companies across industries use the Internal Audit Management App to drive intelligent risk-based audits, to improve auditor productivity, and to gain comprehensive, real-time visibility into the internal audit process.Download Datasheet
Supports risk assessments based on configurable methodologies and algorithms; leverages risk ratings and results to help define and prioritize audit plans effectively
Enables users to schedule audits, assign responsibilities with due dates, and send out automated alerts; offers tools for time and budget tracking and audit resource management
Provides pre-defined audit forms, work papers, and checklists to record findings and observations; supports multiple simultaneous audit tasks, collaborative reviews, fieldwork approvals, and audit status tracking
Supports audit fieldwork at remote sites without network connectivity; enables auditors to enter data on-the-go from the convenience of tablets and mobile devices
Provides real-time visibility into audit processes, history, and findings through graphical dashboards and reports; generates configurable draft and final audit reports
Routes internal audit findings to the appropriate managers for review and subsequent actions; triggers systematic investigation and corrective action for audit issues
- Enable a consistent, risk-based approach to internal audits across the enterprise.
- Enhance audit productivity and efficiency. Enable better utilization of audit resources.
- Lower audit costs by replacing siloed and manual processes with a streamlined and automated approach.
- Get a timely picture of the status and progress of audit activities across business units.
- Minimize the recurrence of audit issues through a closed-loop, tightly monitored process for corrective action and follow-up.
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MetricStream Internal Audit Solution
Companies are increasingly relying on internal auditors to uncover organizational discrepancies, provide early warnings of issues, and advise the management team on performance and strategy. As a result, the scope and complexity of internal audits are steadily growing.
The MetricStream Internal Audit Software Solution makes things simpler by providing a single point of reference to conduct, track, and manage internal audit activities and data. The solution strengthens audit consistency, communication, and coordination. It also provides features such as email-based alerts, risk assessment methodologies, time-tracking capabilities, and an offline audit briefcase which help you get optimal value out of your internal audits.