Understanding, experience and technology for success
At the conference, senior MetricStream executives will share best practices on how internal auditors can leverage data analytics to achieve their audit objectives
December 10, 2012 | Palo Alto, California: MetricStream, the leading enterprise-wide Governance, Risk, and Compliance (GRC) solutions provider, will be participating in the 2012 Securities Industry and Financial Markets Association (SIFMA) Internal Audit Society (IAS) Annual Conference. The event will be held on December 11-12, 2012 at New York. Leading audit experts will gather at the event to address the challenges that internal auditors face, discuss key trends in the financial market, and share internal audit best practices. At the conference, MetricStream executives will be leading a session on “Data Analytics.”
Organizations today find themselves in a complex business environment where they are exposed to a variety of risks such as the growing compliance regulations, fraud schemes, operational inefficiencies, and other security issues that could lead to financial and reputational damage. This has forced organizations to look at innovative and practical approaches to assess and mitigate risks. Data analytics has long been considered as an effective strategy to simplify auditing processes and saving on cost and resources. Through data analytics, organizations are able to track every transaction, leading to better operational performance, greater risk and control insight, and improved audit quality. But the challenge facing the organizations is employing the right tools and technology to get the most out of data analytics. During the session, the speakers will share insights on building a mature and sustainable data analytics process, and how internal auditors can benefit from it.
MetricStream Audit Management Solution has helped leading banks and financial institutions across the globe to strengthen their audit processes across their organizations. The solution streamlines, integrates, and automates their complete cycle of internal auditing processes. Built in with advanced tools and capabilities for risk assessments, auditors are able to direct more time and resources towards high-risk areas rather than trying to audit all areas at once. The solution also supports a variety of audits such as operational audits, financial audits, IT audits, supplier audits, and quality audits. Powerful dashboards and analytics provide real-time visibility into risk and audit metrics, helping internal auditors track their progress against key milestones, make informed decisions, and provide valuable risk-based advice to the board and other key stakeholders.
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, Twitter, SanDisk, Cummins and Sonic Automotive 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, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.