Product

BWise Internal Audit

August 12, 2010

Internal Audit teams help in identifying issues, and test the proper design and the effectiveness of all controls implemented. For this reason, many organisations are implementing Internal Audit departments
and technology. On top of this, Operational Audit teams are working to identify best practices and to
improve business.

The need for integration

However, Internal Audit teams need support, preferably from a system that is tightly integrated with the organisation’s GRC platform. This will help them to leverage existing documentation, and streamline communication with business managers. It will help bridge the gap between business’ understanding of business, and Internal Audit’s view on reality. This is what BWise offers; a fully integrated GRC
platform, unique in the industry today, with exceptional ease of use, low total cost of ownership, and unparalleled risk & compliance convergence capabilities. Due to a tight security mechanism, BWise will keep classified (audit) information away from unauthorised users. Issues raised by audit are communicated to business owners; they will follow up using configurable workflows. Audit continuously
is able to see progress on their issues; information they can use during their audits.

BWise internal audit solution capabilities

BWise off ers Internal Audit teams:

• A secure web-based audit environment, protecting sensitive information from unauthorised usage
• Audit planning and resource allocation capabilities, allowing users to create audit year plans
• Detailed audit work planning, assigning work to auditors and audit teams
• Setting-up a detailed audit design with subjects to audits and points of attention, that is fully configurable
• Working paper management, to document all audit related matters during the audit
• Findings and issue management, integrated with business issue management if so required
• Audit workflow management and extensive audit reporting. Standard audit reports are automatically
  generated by the BWise Internal Audit Solution; during the finalisation of the Audit Report, all intermediate versions as well as the final approved version are carefully managed with a full audit trail
• Audit work program templates to enable re-use of previous audits and audit best-practices

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