Internal Audit
The role of Internal Audit is increasingly important, and a crucial part of Governance of a company. The recent changes in AS5 validate the importance of internal audits role. Therefore BWise offers a comprehensive solution for Internal Audit, 100% integrated into the BWise Governance, Risk and Compliance (GRC) platform.
The BWise Internal Audit component enables you to:
- define your audit year plan
- define and plan individual audits and allocate auditors
- work on your working papers, record findings and issues
- store evidence, all in 1 centrally managed audit environment
- manage the audit workflow and create audit reports
Integrate views of all audits Internal audit information will be protected from unauthorized access. BWise can provide complete and integrate views of all audits conducted across the organization. Issues raised by internal audit are completely integrated with business issue management allowing rapid remediation.
Benefits The integrated BWise
GRC solution enables the organization to implement
the three levels of defense in an integrated fashion, while respecting the different authorities and responsibilities. Internal Audit can safely use the BWise platform to create the strongest possible ‘third line of defense’, while re-using business content and findings and providing their independent view. This ensures rapid feedback and optimal transparency to senior management and the board.
