GRC Audit Management Software | Internal Risk & Compliance Tool

Integrated and Intuitive Audit Management Solution

Risk Cognizance’s Audit Management Software empowers internal audit teams with the tools they need to conduct risk-based and cyclical audits. With a defined audit universe, organizations can improve audit efficiency and transparency. Real-time overviews of findings and actions ensure progress and cross-organizational alignment.

Key Features

Seamless Audit Planning

Easily access your entire audit universe and planning tools. Target audits according to your risk framework and ensure that you're focusing on the most critical areas.

• Capture your entire audit universe, including last review dates and risk ratings.
• Prioritize business areas, segments, and locations for targeted audit focus.

Comprehensive Fieldwork Management

Centralize all audit activities and fieldwork in one place, including workpapers, samples, reviews, findings, and actions. The system integrates seamlessly with your risks and controls, making it easy to manage and document audits.

• Track all control points and associated evidence within the platform.
• Simplify the audit process with foolproof tables, boards, and dashboards to monitor the overall audit program.
• Link related risks and controls for integrated assurance and smooth audit execution.

Environmental and Social Governance (ESG) Audits

Risk Cognizance provides the confidence you need to conduct comprehensive ESG audits, ensuring that your organization aligns with environmental and social governance standards.

Customizable and Secure

Role-Based Access

Customize the access permissions based on roles to control how team members interact with audit data. From specific audit records to individual fields, you can define permissions based on your team’s needs.

• Tailor workflows to manage the review process.
• Monitor the status of audits through the system’s streamlined workflows.

Findings and Actions

Manage overall audit scores and individual findings within Risk Cognizance. Track actions, assign due dates, and monitor progress across customized dashboards, ensuring follow-up on all findings, whether from audits or other functions.

Powerful Reporting Capabilities

Custom Reports

Risk Cognizance enables you to create fully customizable reports with JavaScript. The layout, charts, and functionality can be tailored to your needs, and the data is instantly updated as changes are made. This feature ensures that reports are always accurate and up-to-date.

• Save to PDF, manage access control, and reuse templates for future reports.
• Use cases include compliance reports, quarterly risk committee reports, and audit reports—eliminating the need for manually created reports.

Committee-Ready Reporting

Automate and streamline the reporting process, reducing manual work, errors, and delays:

Before:

• Time-consuming, manual process (20+ days to compile reports).
• Error-prone with manual cut and paste.

After:

• Custom template reporting with live data updates, reducing dependency on suppliers and cutting costs associated with adding new reports.

Audit Management Software FAQs

What is audit management? Audit management is the process of planning, organizing, executing, and tracking audits within an organization. This involves defining the audit universe, determining the scope, assigning resources, conducting fieldwork, analyzing findings, and implementing corrective actions. The goal is to conduct audits efficiently and in compliance with relevant regulations and policies.

What is audit management software? Audit management software is a digital tool that helps automate and streamline the audit process. It manages audit planning, execution, tracking, and reporting, ensuring the audit team can focus on high-priority tasks while maintaining transparency and accountability.

What are the key features of audit management software? Key features include audit planning, fieldwork management, findings tracking, customizable reporting, role-based access, and real-time dashboards to monitor progress.

How can audit management software benefit my organization? Audit management software improves audit efficiency, reduces manual work, enhances collaboration among audit teams, and ensures compliance with regulations. It offers real-time insights into the audit process, facilitating better decision-making.

What industries can benefit from audit management software? Audit management software is scalable for organizations of all sizes and can be used in industries such as finance, healthcare, manufacturing, IT, and any sector that requires regular internal and external audits.

Why Choose Risk Cognizance Audit Management Software?

• Integrated and Intuitive: Easily manage all audit tasks in one system.
• Customizable Reports: Generate detailed reports tailored to your organization's needs.
• Real-Time Insights: Monitor the entire audit process at a glance with interactive dashboards.
• Role-Based Access: Securely control how team members interact with audit data.
• Scalable Solution: Whether you're conducting small internal audits or large compliance reviews, the software grows with your organization.

Pricing

Risk Cognizance Audit Management Software is designed to be affordable for businesses of all sizes. Prices can start as low as $500, depending on the features and services you need. Contact us today for a personalized quote.

Get Started with Risk Cognizance

Streamline your audit management process with Risk Cognizance. Request a demo today to see how our solution can benefit your audit team and improve your organization's compliance efforts.