Operational Audit Management Software

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.