Risk Management for Internal Auditors — Audit & Internal Control
Strengthen internal audit activities with professional tools: risk-based audit planning, control monitoring, audit trail and board reporting. Ensure the effectiveness of the internal control system.
Audit plan to align with the organisation's actual risks.
Fragmented documentation of audits, poorly structured.
Difficult follow-up on recommendations and corrective actions.
Board reporting requiring significant time and manual effort.
Risk-based audit plan generated from risk mapping.
Structured workflow for planning, execution and follow-up.
Complete traceability of audits, findings and recommendations.
Automated reports for the Board and Audit Committee.
Solutions for Internal Auditors
Tools for risk-based auditing and internal control system monitoring
RM Enterprise
Audit module integrated with corporate risk mapping. Risk-based audit planning, audit workflows, findings and recommendations management. Reports for the Board and Audit Committee.
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RM Advance
For structured audit functions: continuous auditing, data analytics, GRC framework integration, benchmarking and predictive analytics on emerging risk areas.
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Define locations, risks to assess, risk owners and company financial data
Questionnaires distributed to risk owners with intelligent conflict detection
View the impact-probability matrix and define reduction targets
Generate action plans with Prevention, Protection and Transfer measures
The Value of Risk Management for Internal Auditors
Impact on internal control system effectiveness
With risk-based approach
Automated reports
Recommendations implemented
Best practice alignment
Advantages
Identification and Assessment
- 📋Centralized risk register: Complete catalog of all business risks with automatic categorization
- 📊Impact-probability matrix: Objective assessment with automatic risk scoring and prioritization
- 🎯Risk appetite: Risk appetite definition aligned with business strategy
- 📈Trends and KRI: Customizable Key Risk Indicators with alert thresholds and continuous monitoring
Treatment and Monitoring
- ✅Structured action plans: Prevention, protection and risk transfer plans with owners and deadlines
- 🔄Approval workflow: Approval processes and automatic notifications for each treatment phase
- 📉Real-time dashboard: Consolidated view of risk status and mitigation plan progress
- 🔔Automatic alerts: Notifications on threshold breaches, deadlines and significant changes
Identification and Assessment
- 📋Centralized risk register: Complete catalog of all business risks with automatic categorization
- 📊Impact-probability matrix: Objective assessment with automatic risk scoring and prioritization
- 🎯Risk appetite: Risk appetite definition aligned with business strategy
- 📈Trends and KRI: Customizable Key Risk Indicators with alert thresholds and continuous monitoring
Treatment and Monitoring
- ✅Structured action plans: Prevention, protection and risk transfer plans with owners and deadlines
- 🔄Approval workflow: Approval processes and automatic notifications for each treatment phase
- 📉Real-time dashboard: Consolidated view of risk status and mitigation plan progress
- 🔔Automatic alerts: Notifications on threshold breaches, deadlines and significant changes
Plan targeted audits on the most relevant risks
Discover how other Internal Auditors have improved audit effectiveness with a risk-based approach.
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Frequently Asked Questions
Internal Audit & Risk-Based Auditing Training
Training programmes dedicated to internal auditing. In-depth courses on risk-based audit, IIA standards, audit techniques and continuous auditing.
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Make Internal Audit More Effective. Start Today.
Request a personalised demo and discover how our Enterprise Risk Management solutions can support internal audit activities in your organisation.