September 13, 2012 | Palo Alto, California: MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions, today announced its participation in the IIA 2012 Southern Regional Conference. The conference takes place on September 16-19, 2012 in Austin, Texas and aims to gather leading practitioners in the audit industry to provide insights on governance, IT auditing, fraud, waste and abuse, and other emerging issues. Based on the theme “Audit Roundup: Lasso the Possibilities,” the conference will help internal auditors to identify opportunities that will enable them to play a key role in shaping business strategy.
Economic pressures, the dynamic regulatory environment, and the rising risks and frauds are driving organizations to increase the efficiency of their risk mitigation efforts. In most organizations, the management and the board trust internal auditors to take on the responsibility of managing risks, due to their awareness of risks across the organization. As the role of internal auditors grows and evolves, they need to be able to identify trends and opportunities that will help them enhance their relevance in the organization and the crucial role as advisors to the board. In today’s increasingly sophisticated business scenario, internal audit functions need to employ a technology-enabled audit management solution that will help them increase the scope and pace of their work, enable compliance with industry mandates, and produce definite, timely, and reliable results that can be communicated to the management.
During the four-day event, MetricStream will exhibit its advanced internal audit management solution that has strengthened audit processes in organizations across the globe. The solution establishes an agile and robust approach to internal audits and streamlines the complete audit lifecycle. Advanced tools and in-built capabilities for risk assessments enable auditors to direct more time and resources towards high-risk areas rather than trying to audit all areas at once. The solution facilitates a systematic and automated approach to risk assessments, and helps auditors leverage the results for audit plan scoping. Powerful dashboards and analytics provide real-time visibility into audit processes and metrics, helping auditors track their progress against key milestones, and make well-informed decisions.
MetricStream is the 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 UBS, Société Générale, 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).