Internal Audit Management:

OpenPages Audit

The Internal Audit Challenge

With increasing regulatory, legal and operational risk management obligations for modern businesses, Internal Auditors face a mounting challenge to act as a strategic partner and independent assurance function to the business. But organizational risk profiles are increasingly complex, and audit departments are constantly being asked to do more with less.

Internal Audit’s Key Function is Assurance and Risk Management

Traditional software point solutions, paper-based processes and even asynchronous electronic processes being performed in silos lead to mounting inefficiency, which distracts an audit department from performing their core function – assurance and risk management.

OpenPages Audit’s View of Governance, Risk and Compliance

OpenPages Audit provides internal auditors with a uniquely configured view into organizational GRC, affording the audit department the chance to supplement and coexist with broader risk and compliance management activities. As with all modules, OpenPages Audit is completely integrated with financial controls management, IT risk and compliance management, general regulatory compliance efforts and operational risk management programs.

OpenPages Audit has the capability to work as a fully integrated partner to business stakeholders, completely independently, or anywhere in between, as determined by the specific needs of the audit department or a particular audit being undertaken.

OpenPages Audit delivers integrated risk management by providing the capability to:

• Define, plan, execute and report on audits across your business
• Track and manage audits, audit phases, work papers and allocations
• Automate operations through fully configurable reporting and workflow

Risk rank the audit universe, configured according to your audit methodology

• Powerful support for your risk assessment methodology
• Full reporting across the entire universe

Provide independent assurance to the business, or work as an integrated part of Governance, Risk and Compliance efforts

• Opine on management’s governance, risk and compliance efforts independently
• Control access to confidential audits, fields and audit-only views

A single platform built on a modern, web-based interface

• No client/server components to download
• Work on work papers offline with check-in/check-out and version control for collaboration
• Full integration with the OpenPages platform and product suite

Integrated Internal Controls – Internal Audit Management Software

As part of the OpenPages Suite, OpenPages Audit is a key building block in implementing an enterprise-wide risk management approach. OpenPages Audit empowers internal audit departments to champion risk management, acting as a strategic partner to management. OpenPages Audit delivers an integrated, closed loop approach to risk management, driving visibility and confidence in organizational risk posture.

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For questions or for more information on OpenPages' enterprise risk management solutions, please click here or call us at 781.693.5999.