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Internal Audit Management Software

Protect your organizational value, ensure compliance, and support good governance with Corporater risk-based internal audit software.

Engage all three lines of defense with a single system

Schedule, plan, conduct, and report on all your internal audit activities, and engage all three lines of defense with Corporater Internal Audit Management solution. Conduct risk-based internal audits on the effectiveness of the organization’s risk and compliance management, and provide reports to the governing body and management. Drive a culture of continuous improvement by aligning audits to strategic priorities and operational needs and assess the effectiveness of the implemented controls.

Corporater Internal Audit Management Software

Internal Audit represents the third and last line of defense with the purpose to provide an independent assessment to the board on whether the first and second lines of defense are operating effectively. Especially for large organizations, conducting internal audit represents a difficult and time-consuming challenge. Corporater makes the management of internal audit simpler, faster, and more efficient.

Corporater Internal Audit Management software is an end-to-end integrated audit solution built to drive efficiency across organizations’ entire audit workflow from planning to reporting. Built on Corporater Business Management Platform, Corporater Internal Audit solution seamlessly connects the areas of risk and compliance, and enables organizations to implement a consistent, risk-based approach to internal audit. Centrally plan and manage your internal audits activities, standardize processes, automate workflows, and generate comprehensive audit reports for the board and key stakeholders.

Corporater Internal Audit Management solution enables organizations to audit various areas and aspects of the organization, both financial and non-financial, including:

  • Compliance Audit
  • Contract Compliance Audit
  • Environmental, Health, and Safety Audit
  • Financial Audit
  • Fraud Audit
  • Human Resources Audit
  • Information Technology Audit
  • Intellectual Property Audit
  • Inventory Audit
  • Operational Audit
  • Quality Control Audit
  • Risk Management Audit
  • Supply Chain Audit
  • ++

Through internal audit, organizations may identify enterprise-wide cost efficiencies, proactively address risks, such as non-compliance, and uncover valuable insights that can be leveraged to optimize business processes.

Solution Benefits

  • Have a complete overview of all your audit activities across your organization
  • Conduct objective audits of the adequacy and effectiveness of your controls, processes, and structures
  • Improve operational efficiency by automating workflows and standardizing your audit execution methodology
  • Streamline processes related to audit planning, scheduling, execution, review, and reporting
  • Ensure compliance with laws, rules, regulations, policies, and procedures
  • Generate reports for the senior management, governing body, and other key stakeholders
  • Continuously strengthen governance, internal controls, business processes, and overall operations

Solution Features

  • Intuitive user interface
  • Audit dashboards
  • Audit planning
  • Audit execution
  • Audit universe
  • Audit library
  • Audit templates
  • Audit reporting
  • Audit checklists
  • Audit issue resolution
  • Workflow automation
  • Business framework support
  • KPIs, KRIs, and metrics
  • Analytics
  • Risk assessment
  • Data integration (automated and manual data input)
  • Third-party data integration
  • Data visualization
  • Surveys
  • Customizable forms
  • Document management
  • Version control
  • Audit log
  • Collaboration
  • Roles and responsibilities
  • Alerts and notifications
  • Customizable branding
  • Access control / permissions
  • SSO

Key Components

Audit Dashboards

Have a complete overview of your audit activities and projects on audit dashboards. Use Corporater pre-configured best practice dashboards, or configure your own to display information the way you want to see it. Control who can access which dashboard with access control. Assign access to users based on their role or the geographical region they are assigned to work within.

Audit Library

Keep your internal auditors organized and efficient with a digital audit library. Use your audit library to centrally manage and maintain your audit programs, documents, templates, and tools such as assets, processes, risks, controls, key performance indicators (KPIs), key risk indicators (KRIs), audit program guides, past audit results, and leading practice guidance that will be utilized during audits.

Audit Universe

Create audit universe to outline all audit activities to be carried out by your internal audit team. The audit universe allows for efficient management of auditable entities that will be used to understand risk exposure, and it enables organizations to appropriately plan their yearly audits.

Risk Assessment

Conduct internal audit risk assessment to identify and prioritize key risks related to organizational strategic objectives. Categorize and rank risks based on their likelihood and impact, and create recommendations to help address the risks.

Audit Planning

Corporater enables users to create new audit plans, define objectives, assign resources, and gather material (e.g., audit program guides, leading practice standards, audit survey questionnaires, etc.) needed to conduct audits. Use “review & approval” workflow before the audit begins to ensure audit quality.

Audit Execution

Outline your audit plan in the system, and use to carry out your audit in an organized, systematic manner. Conduct control tests to determine test of design and test of operating effectiveness of all internal controls, record findings and insights, and retain all audit-related documents and evidence in the solution.

Audit Reports

Create detailed audit reports for management, the board, regulators, external auditors, and other key stakeholders. Include charts, graphs, heat maps and other data visualization to illustrate trends and key findings. Export your reports in a variety of popular formats including Word, Excel, PPT, and PDF.

Audit Issue Resolution

Accelerate the resolution of audit issues by reviewing uncovered issues within business context. Create action plans to reduce risk, and track their implementation progress. Use standardized remediation plans and templates to address repeated issues.

Automated Data Collection

Collect and combine your data into a single system. There are many reports within the Corporater audit management solution (e.g., audit universe, audit planning, audit execution, audit results, etc.) that are automatically updated from specific data entered into the solution throughout the life of an audit project. Automated data aggregation saves you from having to spend hours building your reports.

Automated Workflows

Eliminate manual processes, reduce cost, and gain efficiencies by automating your audit workflows. Corporater enables you to configure and automate custom workflows from planning to reporting. Set up automated alerts and notifications to engage allocated task owners, and automate report deployment to specified stakeholders.

  • SaaS, on premise, or private cloud deployment
  • Industry-leading security for your data
  • Flexible configuration and customization
  • Rapid implementation
  • Ongoing support and innovation

Key Capabilities

Corporater Internal Audit Management solution comes pre-configured with best practice frameworks, templates, and functionalities needed by today’s modern organizations.

Custom Dashboards

Go beyond traditional dashboards. Configure custom business dashboards to display relevant information, KPIs, and other metrics. No coding needed.

Automated Workflows

Automate your business processes and workflows to streamline operations, increase accountability, and ensure adherence to your procedures.

Powerful Reports

Generate comprehensive reports in a variety of popular formats, including Word, Excel, PPT, and PDF. Include visual elements such as graphs and risk heat maps.

Flexible Configuration

Create a digital twin of your organization. Corporater features an agile, flexible configuration environment managed directly by end users.

Data Integration

Have a single source of truth. Corporater comes with a powerful data integration engine built to integrate large amounts of data from a wide range of sources.

Alerts & Notifications

Create custom alerts to notify key stakeholders when a KPI moves above or below a specified threshold, when a goal is reached, or when a new issue arises.

Business Framework Support

Establish, visualize, and align goals, objectives, and thresholds across the organization according to well-known business frameworks.

Access Control

Assign custom user access based on user role and control user permissions to manage content visibility and access to specific dashboards and features.

Single Sign-on (SSO)

Securely authenticate users with single sign-on (SSO). SSO allows users to log in with a single set of credentials across multiple platforms.

Ready to get started? Request your free demo today.

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All solutions built on Corporater Business Management platform can be seamlessly integrated with one another allowing you to start with one solution and scale up later as your needs evolve. With Corporater, the process of scaling up is fast, easy, and non-disruptive to the end users.

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Why top organizations choose Corporater

Deployment of your choice

Select deployment option that fits your needs: SaaS, on premise, or private cloud.

Powerful Data Integration

Integrate data from various sources to have a full picture of your business.

Flexible Configuration

Have it your way – create a solution that fits your specific business requirements.

Rapid Implementation

Get up and running fast with Corporater customizable off-the-shelf solutions.

Industry-leading Security

Corporater is VL5 Veracode Verified and offers the highest level of security.

World-class Customer Support

We are here for you with premium support and continuous innovation updates.

Contact us to schedule your free demo.
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