CARE Internal Audit solution allows for the efficient implementation of a Risk-based audit methodology using the organization’s risk data.
Auditors can easily plan, schedule and execute audits, and report audit findings using the solution. They can also assign audit tests to team members, monitor the progress of audit engagements and issue draft audit reports in MS word format, electronically!
The solution facilitates monitoring the status of remedial actions and allows the auditor to conduct what-if scenarios to study the effect of implementing alternative remedial actions on the organization’s risk profiles.
Internal Audit Working paper can easily be uploaded and the auditor has the option to either keep them private or share them with a specific group of users.