IT Audit Management

Empowering IT auditors.

Empower your audit department with the tools they need to systematically evaluate the effectiveness of controls designed to keep your IT infrastructure and systems secure. Implement a robust IT Audit Management on Connected Risk™ software solution to streamline the IT audit process, enabling organizations to proactively identify security risks and threats, detect gaps in processes and procedures, and take steps to prevent cyber-attacks, data breaches, and system failures.

Due to the rising prevalence of corporate cyber-attacks, an increasing number of organizations are prioritizing the execution of regular IT audits. The advantages of doing so are manifold. IT audits assist organizations in identifying risks and threats to their IT security, detecting system vulnerabilities, and ensuring compliance with IT security standards. However, without the appropriate tools, IT auditing can evolve into a daunting and time-consuming endeavor.

Connected Risk®’s IT Audit Management is a digital tool that organizations deploy to manage IT audit activities centrally, alleviate risks and threats, validate the effectiveness of IT controls, and ascertain regulatory and organizational compliance. It facilitates organizations in assessing their IT infrastructure, systems, applications, data management, policies, procedures, and operational processes against internal policies and/or regulatory standards, enabling them to implement corrective measures.

Internal Audit Management on Connected Risk™ provides you with a single source of truth that provides infinite linkage capabilities, and in turn, increases data quality and knowledge sharing.

Internal Audit Management on Connected Risk® utilises enhanced drag-and-drop and powerful data mapping capabilities for creating additional taxonomies and linkages into neighboring risk areas. 

Internal Audit Management on Connected Risk® is highly configurable and can help your teams:

Tailor-made, just for your organization

Tailor the solution to meet your organization’s growing regulatory needs.

Evolve with regulatory change

Ensure evolving regulatory needs and internal policy updates are incorporated into the organization’s model inventory management.

Provide evidence with integrated reporting

Provide evidence of the latest taxonomies and relationships with our integrated reporting capabilities.

Expand with our RESTful API

Connected Risk® leverages RESTful web service endpoints that allow bidirectional integration of your data.

Empower your internal audit management practices with features designed to expand your Connected Risk™ solution

At Empowered Systems, we recognize that annual risk assessments vary in their approach across different audit functions, just as the businesses they serve are unique.

Internal Audit Management provides an out-of-the-box solution that delivers configurable risk assessment methodology definitions. It also grants access to our proprietary advanced data modeling, mapping, and workflow developer.

The strength of this offering is demonstrated by our largest Tier 1 clients who use it to develop dedicated risk assessment solutions from the ground up. They process over 300 updates daily, spanning 10,000 to 20,000 touch points.

Manage the Audit Universe with ease. Learn more about our approach →

With Audit Management, you can effortlessly add a work schedule as needed, providing your audit teams with the flexibility to swiftly adapt to business demands for expert independent reviews.

For instance, when examining a new business acquisition or joint venture, assessing the consequences of an emerging risk not yet recorded in the corporate register, or evaluating the impact of market disruptions on vulnerable areas of the business.

All of these processes are efficiently managed through robust version control, ensuring a comprehensive audit trail of plan modifications made throughout the year. This documentation can be readily presented to stakeholders and regulators, offering clear evidence of the audit process.

Audit Management streamlines your audit teams’ fieldwork by linking electronic workpapers to multiple audit file elements, eliminating unnecessary duplication. This feature enables the creation of composite workpapers that encompass test plans covering various controls, risks, and processes. These workpapers are seamlessly linked to audit findings, ensuring a strong and easily navigable audit trail.

Additionally, your teams receive checklists to record test approaches and results, eliminating the need for duplicate or intermediary workpapers. This empowers a more efficient and focused audit execution.

Connected Risk® offers sophisticated integrated reporting that can be utilized across all solutions on the Connected Risk® platform.

This capability empowers your teams to create and embed visually appealing and interactive reports on their Connected Risk® dashboards, utilizing a comprehensive and advanced business intelligence reporting system.

Some key benefits include:

  1. Centralized data designs and report management requirements.
  2. Building data designs using Connected Risk® elements.
  3. Managing, publishing, and organizing reports to cater to specific user communities’ needs.
  4. Allowing users to reformat and filter reports to communicate specific insights and areas of focus.
  5. Automatic extraction of reports to PowerPoint and other presentation formats.
  6. Exporting charts to Excel, along with the underlying data set, to enable additional reporting options.

Your internal audit function is part of a broader risk ecosystem.

The foundation of your Audit Management solution lies in the Connected Risk platform, which employs advanced data modeling and mapping capabilities, fostering a higher level of standardization.

Harnessing the full potential of these capabilities, our solution provides adaptable assessment matrices that draw data from any connected risk and compliance functions of your choosing. With insights from these connections, you can easily make mid-cycle adjustments to your assessment plan, keeping it sharply focused on the most crucial priorities at any given moment.

Simplify your organization's internal audits.

Talk to an audit expert.

Fill out the form to the right and our dedicated Solutions Experts will be in touch promptly.

Whether you’re looking to set up a proof of concept or schedule a demo tailored to your specific requirements, our team is ready to assist you. Discover how our Connected Risk® Internal Audit Management solution can seamlessly manage the entire GRC (Governance, Risk, and Compliance) lifecycle within your organization. Take the first step towards enhancing your risk management practices today.

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Learn more about internal audit from Empowered Systems®

Expand and integrate your solution with

SOX Compliance Management

Improve reporting to meet SOX obligations and other global regulations.

Regulatory Change Management

Manage and change at the speed of regulatory change using a single source of truth.

Policy Management

Manage your organisation's policy changes with regular reviews and checkpoints.

Risk Management

Quickly identify, capture and manage multiple sources of risk across the enterprise.

Business Continuity Management

Monitor and manage internal and external threats to keep your business running.

Expand with the Ecosystem

Expand your Connected Risk® solution with our EmpoweredNEXT® partner applications.

"Powerful Platform For Compliance With Dynamic Regulatory Environment"

“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”

Senior Associate, Finance Organization with an annual return of $1-3BN

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