Create a role-based risk dashboards to have a complete overview of risks, their potential impact, options for risk mitigation, and more.
Risk Management Solution for IDW PS 340 n.F.
Corporater Risk Management solution for IDW PS 340 n.F. audit standard is a digital tool for the early identification, analysis, and management of risk. It enables organizations to implement effective measures following § 91 (2) AktG for the early recognition of risk developments that could jeopardize the company’s continued existence, and to demonstrate compliance with the IDW PS 340 n.F. – audit standard issued by the Institute of Auditors (IDW – Institut der Wirtschaftsprüfer).
Foster a risk-intelligent culture
Cultivate a risk-aware culture by communicating identified risks across your organization.
Establish risk monitoring system
Enable your internal audit department to regularly identify and support risky developments in the company.
Evaluate risks through risk aggregation and simulation
Evaluate risks through risk aggregation using built-in simulation methods (including Monte Carlo simulation).
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Key Features
RISK DASHBOARDS
RISK ASSESSMENTS
Assess, evaluate, respond, treat, and report your risks. Corporater supports quantitative and qualitative risk assessments.
RISK PLANNING
Keep your organization prepared for the unexpected with Corporater risk planning and early risk identification.
RISK REGISTER
Build and maintain a centralized risk register (risk inventory) to have a complete and current overview of risks across your organization.
RISK IDENTIFICATION
Continuously identify risks in various ways — from forms, data integrations, or user input — and record them in a centralized risk register (risk inventory).
RISK REPORTS
Generate custom risk reports and submit them through review/approval process. Include visual elements such as graphs and risk heat maps.
Download Corporater Risk Management for IDW PS 340 n.F. Solution Brief Now.
Establish a solid risk management governance to protect your business from risk and threats, demonstrate compliance, and ensure your company’s continued existence.
