Internal Audits

Effective risk management and compliance with regulations and policies drive the need for ongoing auditing in organizations. The efficiency of audit planning and execution and integration of the audit process with risk management programs are critical for business performance and governance. With increasing business complexity and the rising number and types of audits that companies need to conduct, auditors are realizing that point-solutions and spreadsheet-based systems are no more suitable for managing internal audit programs.

MetricStream's Internal Audit Management solution is a comprehensive application designed to help companies manage a wide range of audit-related activities, data and processes. It provides the flexibility to support all types of audits, including internal audits, operational audits, IT audits, supplier audits and quality audits. The solution provides end-to-end functionality for managing the complete audit lifecycle including risk assessment, audit planning and scheduling, development of standard audit plans and checklists, field data collection, development of audit reports and recommendations, review of audit recommendations by auditees and management and implementation of audit recommendations and remediation.