Internal Audit Management

Effective risk management and compliance with government regulations drive the need for ongoing auditing in organizations. With increasing business complexity and the rising number and types of audits that companies need to conduct, companies are realizing that point-solutions and spreadsheet-based systems are no more suitable for managing internal audit programs.

MetricStream's Internal Audit Management software solution is a comprehensive application designed to help companies manage a wide range of audit-related programs, data and processes. It provides the flexibility to support all types of audits, including internal audits, operational audits, IT audits, supplier audits and quality audits. The internal audit software solution provides end-to-end functionality for managing the complete audit lifecycle including risk assessment, audit planning and scheduling, development of standard audit plans and checklists, field data collection, development of audit reports and recommendations, review of audit recommendations by auditees and management and implementation of audit recommendations and remediation.

Advanced capabilities like built-in remediation workflows, time tracking, email based notifications and alerts, risk assessment methodologies, and offline functionality for conducting at remote field sites allow organizations to implement internal audit best practices for efficient audit execution and ensure integration of the audit process with the risk and compliance management system.

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