Internal Audit
The role of Internal Audit is increasingly important, and a crucial part of the Governance of a company. BWise understands the importance of internal audit and its relevance in an enterprise’s GRC management. BWise offers a comprehensive solution for Internal Audit, 100% integrated into the BWise GRC platform.
BWise Internal Audit enables:
- Full audit planning, scheduling and time-keeping
- Off-line audit: synchronize work when connected again
- Online and off-line testing of controls
- Define annual audit plans, including individual audits and allocation of auditors
- Work-paper management, recording of findings and issues
- Store audit evidence, in one single, centrally managed secure audit environment
- Manage the audit workflow and create audit reports
- Audit analytics: continuous monitoring integrated in audits
Integrate views of all audits
BWise provides complete and integrated views of all audits conducted across the organization, across a single business entity or various combinations. Issues raised by internal auditors are wholly integrated with business issue management in BWise enabling rapid issue remediation by management. Additionally, BWise Audit Analytics enables the secure extraction of data from sources like SAP and Oracle and loads them into an audit. Auditors can define rules on how to analyze this data and they can conduct advanced data analyses from it. This enables auditors to focus on high risks due to the high degree of automation.
Benefits
The integrated BWise GRC solution enables the organization to implement the three levels of defense in an integrated manner, while respecting different authorities and responsibilities. Internal Audit can securely 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. In addition, auditors are provided with a fully functional audit environment that provides state of the art functionalities such, offline audit and testing, continuous monitoring integrated in audits and audit time-keeping.
Contact us or send an email for more information on BWise Internal Audit and Audit Analytics.
