September 12, 2012 | Palo Alto, California: MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions, today announced that it will be participating in the 2012 IIA Annual Conference that will be held on September 25-26, 2012 in London. Leading internal audit professionals and business experts will convene at the event to share best practices on how internal auditors can respond to the regulatory dynamics, enhance their performance by focusing on key risks, and demonstrate quality and optimize organizational value.
The role of an internal auditor has evolved in the recent years and today, organizations depend on them for managing risks and providing assurance over controls. But given the changing regulatory frameworks and emerging cyber-risks, regulators too are looking up to internal auditors to assure them that effective governance is maintained, and risks are efficiently controlled within the organization. With high expectations placed upon them, internal auditors are doing the best they can to address the changes brought in by the recent regulatory reforms, understand their impact on the organization, and identify and mitigate key risk areas. Based on the theme “Demanding the Best from Internal Audit”, the conference will have leading practitioners who will share insights on strategies and tools that internal auditors can adopt to evaluate risks and controls, achieve high performance, and demonstrate value to the board.
MetricStream has shared a strong association with IIA for several years and is a Gold Sponsor for this conference. During the two-day event, MetricStream will demonstrate its audit management solution that has helped internal auditors across organizations and industries to steer through the changing regulations and streamline their internal auditing processes. The solution provides end-to-end functionality for managing the entire internal audit lifecycle including risk assessment, audit planning and scheduling and, development of audit reports. Real-time visibility into risks and audit metrics are provided through powerful dashboards and reports which help internal auditors make informed decisions, and provide valuable risk-based advice to the board and other key stakeholders.
The solution also possesses advanced capabilities such as an audit advisor, auditor profile management tool, offline audit briefcase, automated alerts and centralized risk-control libraries that help internal auditors implement best practices for internal auditing, and integrate the audit process with the risk and compliance management systems. This closed-loop approach to internal audit eliminates redundancies, enhances collaboration, promotes efficiency, and improves business by minimizing exposure to potential losses and risks.
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).