Audit - Internal Audit Solution
Audit-ready at all times
Plan and manage risk-based and cyclical audits against a defined audit universe.
Trusted to deliver by industry leaders
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This year’s audit is one for the records and I would like to extend my thanks to the Decision Focus team. What was originally a vision has resulted in a seamless audit programme with very high user satisfaction and no management letter from our auditors.
Senior Leader
IT Security & Risk Management, IBM
A custom solution, ready in weeks
Fully integrated, built to scale with your business, and ready to use in weeks, not months.
Configurability, not complexity
Delivering business benefits
One central audit ecosystem
Bring ERM data and insights from across your organisation together for deeper insight and ongoing analysis.
Full 360° oversight
Data visualisation tools help you get to the root cause of risk, develop better controls and share enhanced insights.
Automate for full efficiency
Never waste time searching spreadsheets or email chains again. Automate and integrate into one connected platform for efficient auditing.
Painless planning & tracking
Design, deliver and monitor audit cycles using drag-and-drop timelines and calendar boards for each audit and auditor.
Audit reports in an instant
Automated report generation of engagement memorandum, audit reports and audit committee papers saves significant resources, documenting overall audit scores, individual findings and related actions.
Accurate & flexible
Precise live data analysis reduces errors and the likelihood of regulatory action. All within a fully scalable platform that ensures audits don’t consume more resources as your business grows.
Internal Audit Management Features
Seamless audits in one place
From audit planning to execution
Capture your entire audit universe in one platform, including last review dates and risk ratings. Prioritise business areas, segments and locations for targeted audit focus.
Carry out your fieldwork for each control or test point within Decision Focus. Track individual audits and your overall audit programme at a glance, and link related risks and controls to audits or test for fully integrated assurance.
Featured Brochure
Internal Audit solution brochure
Decision Focus stores all auditing data in one repository, easily accessible for those engaged in the auditing process, when and where they want it.
One unified platform
Build your perfect GRC solution
Our agile no-code platform adapts to your organisation, so you can pick and choose the solutions you need.
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Audit management software FAQ
Frequently Asked Questions
What is audit management?
Audit management refers to the process of planning, organising, executing, and tracking audits within an organisation. It involves establishing the audit universe, determining scope, assigning resources, conducting fieldwork, analysing findings, and implementing corrective actions. Audit management aims to ensure that audits are conducted efficiently, effectively, and in accordance with relevant standards, regulations, and organisational policies.
What is audit management software?
Audit management software is a specialised tool designed to streamline and automate various aspects of the audit management process. It assists organisations in planning audits, managing audit workflows, documenting audit findings, tracking issues, and generating comprehensive reports. Audit management software provides a centralised platform for collaboration, communication, and documentation, facilitating efficient and effective audit management.
No red tape, no third parties involved, just immediate support from the team that develop the Decision Focus platform.
No red tape, no third parties involved, just immediate support from the team that develop the Decision Focus platform.
What are the key features of audit management software?
Key features of audit management software may include:Audit planning and scheduling:
Facilitates the creation of audit plans, schedules, and checklists, ensuring proper allocation of resources and defining audit objectives.
Workflow automation: Automates various aspects of the audit process, such as task assignment, notifications, and reminders, improving efficiency and reducing manual effort.
Document management: Provides a centralised repository for storing and organising audit-related documents, including workpapers, evidence, and audit reports.
Issue tracking and remediation: Helps track audit findings, recommendations, and action plans, ensuring timely resolution and monitoring of corrective actions.
Collaboration and communication: Enables seamless collaboration between audit teams, stakeholders, and auditees through discussion forums, threaded comments, and shared document access.
Reporting and analytics: Generates comprehensive reports and dashboards, offering insights into audit progress, findings, trends, and compliance status.
Integration with other systems: Allows integration with other tools/systems, such as document management systems, risk management software, or ERP systems, for seamless data sharing and process integration.
Compliance with standards: Supports adherence to audit standards and frameworks, such as ISO 19011, ensuring compliance with best practices in audit management.
Facilitates the creation of audit plans, schedules, and checklists, ensuring proper allocation of resources and defining audit objectives.
Workflow automation: Automates various aspects of the audit process, such as task assignment, notifications, and reminders, improving efficiency and reducing manual effort.
Document management: Provides a centralised repository for storing and organising audit-related documents, including workpapers, evidence, and audit reports.
Issue tracking and remediation: Helps track audit findings, recommendations, and action plans, ensuring timely resolution and monitoring of corrective actions.
Collaboration and communication: Enables seamless collaboration between audit teams, stakeholders, and auditees through discussion forums, threaded comments, and shared document access.
Reporting and analytics: Generates comprehensive reports and dashboards, offering insights into audit progress, findings, trends, and compliance status.
Integration with other systems: Allows integration with other tools/systems, such as document management systems, risk management software, or ERP systems, for seamless data sharing and process integration.
Compliance with standards: Supports adherence to audit standards and frameworks, such as ISO 19011, ensuring compliance with best practices in audit management.
How can audit management software benefit my organisation?
Audit management software offers several benefits to organisations, including:
Efficient audit planning and execution: Streamlines the audit process, reduces administrative burden, and improves the efficiency of audit planning, execution, and reporting.
Improved collaboration and communication: Facilitates better communication and collaboration among audit teams, stakeholders, and auditees, leading to more effective audits and timely resolution of issues.
Enhanced compliance: Helps organisations ensure compliance with regulatory requirements, internal policies, and industry-specific standards through standardised audit processes and documentation practices.
Increased accuracy and data integrity: Reduces the risk of errors and inconsistencies by providing structured data collection, automated calculations, and validation checks.
Real-time visibility: Provides real-time monitoring and tracking of audit progress, allowing organisations to have better visibility into audit activities, status, and findings.
Streamlined reporting: Simplifies the generation of comprehensive reports and dashboards, enabling stakeholders to assess the effectiveness of audit programs, identify trends, and make informed decisions.
Cost and time savings: Reduces the time and effort spent on manual audit management tasks, allowing auditors to focus more on value-added activities. It also minimises the risk of duplicated efforts and reduces the overall cost of the audit process.
Efficient audit planning and execution: Streamlines the audit process, reduces administrative burden, and improves the efficiency of audit planning, execution, and reporting.
Improved collaboration and communication: Facilitates better communication and collaboration among audit teams, stakeholders, and auditees, leading to more effective audits and timely resolution of issues.
Enhanced compliance: Helps organisations ensure compliance with regulatory requirements, internal policies, and industry-specific standards through standardised audit processes and documentation practices.
Increased accuracy and data integrity: Reduces the risk of errors and inconsistencies by providing structured data collection, automated calculations, and validation checks.
Real-time visibility: Provides real-time monitoring and tracking of audit progress, allowing organisations to have better visibility into audit activities, status, and findings.
Streamlined reporting: Simplifies the generation of comprehensive reports and dashboards, enabling stakeholders to assess the effectiveness of audit programs, identify trends, and make informed decisions.
Cost and time savings: Reduces the time and effort spent on manual audit management tasks, allowing auditors to focus more on value-added activities. It also minimises the risk of duplicated efforts and reduces the overall cost of the audit process.
Which industries can benefit from audit management software?
Audit management software can benefit organisations across various industries. Industries that are subject to regulatory requirements, quality standards, or compliance obligations can particularly benefit from utilising audit management software. Examples include finance and banking, healthcare, manufacturing, energy, construction, information technology, government, and any industry where audits are conducted to ensure operational efficiency, risk management, and compliance. However, any organisation that conducts internal or external audits to assess and improve its processes and controls can benefit from implementing audit management software.
Any questions?
Or just curious to see a demo
The Decision Focus team are here to answer your questions.
