Risk Management Solution for IDW PS 340 n.F.

Demonstrate Compliance with IDW PS 340 Audit Standard

Corporater Risk Management Solution for IDW PS 340 n.F. is a digital tool that enables you to implement measures and demonstrate compliance with IDW PS 340 n.F.
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).

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Key Benefits

Foster 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.

Enable Risk Aggregation and Simulation

Evaluate risks through risk aggregation using built-in simulation methods (including Monte Carlo simulation).

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GRC 20/20 Solution Perspective
Corporater - Delivering an Integrated view of G[P]RC to the Enterprise

Organizations choose Corporater as they seek a single agile and integrated architecture to automate a range of GRC, performance management, and other business processes. Typical use cases for Corporater span the GRC space, and the solution is highly configurable for an organization to build its own business process/management solutions.

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Key Capabilities

Risk Dashboards

Get a complete overview of risks, their potential impact, options for risk mitigation, and more. Use risk heat maps and color-coded charts to have increased visibility into your risk profile.

Risk Assessments

Assess, evaluate, respond, treat, and report your risks. Corporater supports quantitative, qualitative and semi-quantitative risk assessments, including Monte Carlo simulation.

Risk Planning

Keep your organization prepared for the unexpected with Corporater risk planning and early risk identification.

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 Register

Build and maintain a centralized risk register (risk inventory) to have a complete and current overview of risks across your organization.

Risk Reports

Generate custom risk reports and submit them through review/approval process. Include visual elements such as graphs and risk heat maps.

Download Risk Management for IDW PS 340 n.F. Solution Brief

Establish a solid risk management governance to protect your business from risk and threats, demonstrate compliance, and ensure your company’s continued existence.

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