Is your internal audit application able to capture the benefits of your organisation’s GRC advances?
Companies continue to face rapid change, including tightening regulatory requirements and increased technology disruption. Accordingly, the bar for Risk Management keeps rising. In addition, Compliance teams are asked to compile a comprehensive repository of their organisation's obligations, operational processes performed and controls in place.
Whilst many Internal Audit (IA) departments had implemented audit planning modules, electronic workpaper solutions and audit issue databases years ago, the recent GRC system developments might now have surpassed the maturity of IA’s applications. Leading Heads of Internal Audit are asking themselves how they can capture the benefits of their organisations GRC advances.
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