October 04, 2012 | Palo Alto, California: For the last eight years, the Institute of Internal Auditors (IIA) has been conducting the All Star Conference which gathers its top-rated internal audit veterans from around the world. Through the conference IIA aims to equip the practicing internal auditors with best practices and effective strategies that have helped the experts in the field, amidst the changing risk environment. As an industry leader partner with IIA, MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions will be showcasing its internal audit management solution at this year’s All Star Conference that will held on October 9 - 11, 2012 at Las Vegas.
As organizations concentrate more on growth strategies, the role of internal auditors are moving from traditional consulting roles to providing business insights and audit expertise especially in managing the new breed of frauds and risks that have emerged in the market. Risk intelligence has become an integral part of an internal auditor’s role which compels them to broaden and deepen their role and help their organization to steer through risks and asses the risk culture within the organization. Internal auditors, on their part, need to have effective processes and leverage technology to help them achieve benefits for their organizations as well as solidify their role as a strategic advisor to the management. During the three-day conference, the internal auditors will gain insights from distinguished internal auditors on how they can make informed decisions, provide valuable risk-based advice to the board, and minimize exposure to potential losses and risks.
MetricStream Internal Audit Management Solution has been implemented by some of the leading organizations around the world. The solution combines both technical and practical content and is inbuilt with the best practices, standards, and guidelines to streamline, integrate, and automate all internal audit programs. It also provides the flexibility to support a variety of internal audits such as operational audits, financial audits, IT audits, supplier audits and quality audits. The integrated capability of the solution maps all risks to organizational goals, policies, auditable entities, controls, assessments and action plans and helps auditors identify and monitor the most critical controls and risks. Advanced features and functions like workflow automation, flexible reporting, powerful dashboards, email-based notifications and alerts enable audit managers to identify control gaps, trends and opportunities for improvement, and communicate the same to top management.
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).