Internal Audit Management Software
Manage internal audit programs with software that supports audit planning, engagement scoping, testing, workpaper organization, evidence collection, observations, findings, recommendations, and follow-up. LaserGRC helps internal audit teams coordinate engagements, maintain supporting documentation, assign responsibilities, and monitor audit activities from planning through completion.
What this solves for internal audit teams
Complex Annual Audit Planning
Coordinate planned audits, review areas, priorities, schedules, objectives, and available resources to create a more organized internal audit program.
Manual Engagement Administration
Reduce fragmented coordination by structuring engagement assignments, scopes, procedures, documentation, and status information within a consistent workflow.
Findings Without Structured Resolution
Connect observations and findings with recommendations, management responses, assigned owners, target dates, and corrective actions for more systematic follow-up.
Limited View of Audit Program Progress
Help audit leaders monitor engagement status, outstanding work, findings, follow-up items, and other program-level information across the internal audit portfolio.
Internal Audit Planning
Organize audit plans around business areas, risk considerations, objectives, planned engagements, schedules, and assigned audit resources.
Engagement Management
Structure individual audits with defined scopes, objectives, assignments, procedures, milestones, and engagement status.
Workpapers & Supporting Evidence
Maintain audit workpapers, testing documentation, evidence, notes, and other records associated with internal audit procedures.
Observations & Audit Findings
Document observations, control concerns, findings, recommendations, supporting evidence, and relevant management comments.
Corrective Action Follow-Up
Monitor management responses, remediation activities, responsible owners, deadlines, and follow-up reviews associated with audit findings.
Internal Audit Reporting
Organize engagement results and program information to support reporting, management review, audit committee discussions, and ongoing oversight.
How internal audit management software supports audit execution
Evaluate the Current Internal Audit Process
Review existing audit plans, engagement procedures, documentation methods, reporting practices, resource assignments, and follow-up activities.
Establish the Audit Methodology
Define engagement stages, audit roles, review requirements, finding categories, approval points, and other standards used by the internal audit function.
Prepare Existing Audit Data
Organize current audit plans, engagements, workpapers, findings, recommendations, and remediation records for structured use within the platform.
Configure Internal Audit Workflows
Set up processes for planning, engagement creation, testing, evidence management, finding documentation, response tracking, reporting, and closure.
Validate Representative Audits
Run sample engagements through the configured workflows to verify assignments, evidence handling, findings, actions, reviews, and reporting.
Optimize the Audit Function
Refine workflows, templates, responsibilities, dashboards, and reporting based on practical usage and the evolving needs of the internal audit team.
FAQs
(Frequently Asked Questions)
What is internal audit management software?
Internal audit management software is a platform used to organize internal audit planning, engagements, testing, workpapers, evidence, findings, recommendations, management responses, and follow-up activities.
What does internal audit management software typically include?
Common capabilities include audit planning, engagement management, workpaper organization, evidence collection, audit testing, observations, findings, recommendations, corrective actions, follow-up, and reporting.
How can software improve internal audit management?
It can provide a structured way to coordinate audit activities, connect engagement documentation, monitor findings and actions, and maintain visibility across the internal audit program.
Can LaserGRC support risk-based internal audit processes?
LaserGRC helps internal audit teams structure engagements around organizational risks, review areas, control considerations, findings, remediation activities, and other audit requirements.
How does LaserGRC help with internal audit follow-up?
LaserGRC can help teams track management responses, assigned corrective actions, responsible owners, target dates, and follow-up information related to internal audit findings.
Organize audit planning, engagements, testing, evidence, workpapers, findings, recommendations, corrective actions, and follow-up within a structured environment. LaserGRC helps internal audit teams maintain connected records and coordinate the audit lifecycle from planning through closeout.
