Internal Audit Management

GRC Labs Audit Management system speed up audit cycles, easy to handle, reduce audit cost significantly and increase auditor productivity. It enable systematic workflow, risk-based audit, real time reporting, easy paperwork management, on the fly auditor can raise the issues which flows automatically to responsible users workflow based on the setup. It helps simplify and well-organize the work flow and collaboration process of compiling audits. Most audit teams heavily rely on email and shared drive for sharing information between each other. Whereas GRC Labs Audit Management system makes life easy for audit team by handling emails notifications, reminders, task, and following up on findings etc. Investing in GRC Labs Audit Management System could help save time, cost, reduce errors and save on resources.

Benefits of Internal Audit system

• GRC Labs Internal Audit system can be implementation as per customer requirements. 
• Create, execute, and manage risk assessments to determine the audit results, real time reports, and status of the risk.
• Audit planning, staffing, audit scheduling, registration and sign-off, cost allocation, and tracking of progress and status.
• It create automatically  monthly/quarterly/half yearly/ yearly or multi-year audit plans, based on the audit and risk rating.
• Manage audit plans at a board level.
• Work paper can be created or Manage online or offline with workflow capabilities.
• Stakeholders, regulators and others can view the audits based on the access configurations. 
• Audit reports can be configurable based on the finding and board recommendations. 
• Workflow can be configurable to monitor finding and recommendations and review
•  Reports can be configurable as per management and board recommendations.