September 20, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced thatit is participating in MIS Training Institute’s Audit World 2011 Conferencewhich will be held on September 20th-22nd, 2011 in Boston, MA. More than 200 audit practitioners are expected to converge at the event to discuss the latest challenges, practical strategies and trends in auditing.
Keri Dawson, Vice President of ComplianceOnline Advisory Services at MetricStream will be speaking on a panel discussion on ‘Products and Services That Can Add Value in 2011’. MetricStream is also one of the Gold Sponsors of the conference.
Over the last decade, auditors have become a major presence in the boardroom. Their role has evolved beyond controls assurance into strategy building, risk mitigation, fraud prevention and compliance management. Organizations are turning to them for practical risk insights and strategies to help guide the business forward. Therefore auditorsneed to be informed and up-to-date on the goings-on across the business and industry; collaborate with senior management and peers across assurance functions; ensure transparency and accountability in their activities; and innovatefor optimal efficiency.
The AuditWorld 2011 Conference will provide strategies and best practices for strengthening the audit function. Leading audit experts and practitioners will present their insights through case studies covering a wide range of topical issues, including building effective anti-fraud programs, continuous auditing, auditing IT governance, integrated auditing, and auditing across borders.
MetricStream will be showcasing its market-leading Audit Management Solution which isused byleading global corporations to streamline, integrateand automate their audit programs. Built on a single centralized GRC platform, MetricStream Audit Management Solution extends across business and functional silos to unite audit processes, assessments and inspections, and facilitate collaboration across risk control units, legal advisors, operational teams, vendors and IT groups.
The solution provides the flexibility to support various types of audits including internal audits, operational audits, IT audits, supplier audits and quality audits. It also provides end-to-end functionality for streamlining the complete audit lifecycle, including risk assessments and scoping, audit planning and scheduling, resource management, field work and data collection, audit reporting and review, and implementation of audit recommendations.
The solution facilitates intelligent risk-based auditing. It alsohelps in creating aflexible audit hierarchy which links together risks, controls, processes, policies and other GRC elements.
The solution is made up multiple advanced capabilities for budget tracking, parallel collaborative reviews, offline audits, fieldwork approval, email based notifications and alerts, and centralized information storage whichenable auditors to build an audit framework that is efficient, strong and sustainable. Powerful dashboards, risk heat maps and reports provide real-time and in-depth insights into audit processes and metrics, helping auditors provide timely information to stakeholders for decision-making.
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream’s customers include Procter & Gamble, UBS, Societe Generale, Pfizer, Philips, Cummins, Kellogg’s, Mondelez International, SanDisk, and NetApp. MetricStream also owns and operates the www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).