April 05, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced its participation at the 12th Annual Regional Gulf Audit Conference. Organized by the UAE Internal Audit Association, the conference will be held in from 3rd -5th April, 2011 in Dubai, UAE. MetricStream will be participating in the conference and showcasing its market-leading internal audit solutions. The company will also be conducting a workshop on risk-based audits at 5.30 pm on 5th April.

Internal auditors are operating in a new economic landscape where many traditional ideas and assumptions are no longer valid. Internal audit has shifted from being an optional organizational exercise to a critical necessity. Auditors are being called upon to do much more than just ‘audit.’ They are needed to provide assurance and advice on important strategic decisions to stakeholders, management and boards. They are playing a key role in driving value for the business.

The 12th Annual Regional Gulf Audit Conference will provide a forum for auditors to discuss how to adapt to the new economic landscape, new stakeholder expectations and new responsibilities. Featuring a distinguished group of speakers, the conference will offer insights, best practices, tools and suggestions for internal auditors to provide maximum value to their organizations. The discussions will touch on various topics including fraud risk assessments, developing inter-cultural business intelligence and the relationship between corporate governance and audits.

MetricStream will be conducting a workshop at the conference on risk-based auditing - a practice that is fast replacing traditional compliance-based audits. Risk-based auditing enables organizations to prioritize risks and focus their audit efforts sharply on those risks and controls that have the greatest impact on the enterprise.

MetricStream Internal Audit Management Solution supports risk-based audits, helping organizations reduce costs and improve operational efficiencies. The solutions are built on a single GRC platform that can be extended across the enterprise for streamlined, integrated workflows. It enables auditors to eliminate restrictive silos and build a more collaborate, closed-loop audit framework.

MetricStream Solution supports the complete audit management lifecycle - from audit planning and scheduling, to audit implementation, to field data collection, to audit review, to the collection and implementation of audit recommendations. The solution also has capabilities to support various types of audits including internal audits, operational audits, IT audits, supplier audits and quality audits.

The stand-out features of the solution include embedded best practices, offline capabilities for remote audits, executive dashboards with drill-down capabilities, and end-to-end workflow automation.

MetricStream Solutions are used by some of the largest and most well-known organizations across industries. The solutions are recognized world-over for their flexibility, scalability and innovation.

MetricStream is positioned in the Leaders Quadrant of the Gartner Magic Quadrant for Enterprise GRC Platforms, 2010.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

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