Audit professionals choose Ideagen for measurable impact. From national banks adapting to changes, to universities overcoming data silos, our software transforms reactive programmes into proactive prevention.
Risk-based audit prioritization for comprehensive planning excellence
Are audits happening just because they’re scheduled? Or because risk demands them?
Ideagen supports risk-based planning in line with the Global Internal Audit Standards. Plan the timing and priority of audits based on risk assessments. Cover any time frame, be as agile as you need. Dynamic scheduling. Visual risk mapping. Catch issues before escalation.
Overview
Smart risk-based audit prioritisation system
Ideagen analyses risk profiles continuously through automated monitoring. Understand risk exposure across all locations and processes. Plan risk-based audits to align with the Global Internal Audit Standards. Connect objectives, risks, controls and tests in one system for complete coverage. Increase audit capacity 35% by focusing on the right things at the right time.
Challenge & Solution
Identifying high-risk areas in complex risk profiles
Risk data in disconnected islands?
Ideagen monitors risk indicators continuously -operational disruptions, compliance gaps, control failures. Create real-time heat maps through visual dashboards. Connect audit findings and actions to risk severity – improving the accuracy of risk profiles and the scope of assurance for the whole company.
Challenge & Solution
Adopting risk-based approaches aligned with IIA standards
The IIA Global Internal Audit Standards demand risk-based, agile approaches. Ideagen adjusts priorities based on real-time assessment. Ensure IIA alignment whilst responding to emerging threats automatically. Work in agile sprints as well as annual, quarterly or multi-year plans. National Bank of Georgia became "more adaptable to changes".
Challenge & Solution
Integrating audit planning with risk management
Audit and risk teams in parallel universes create gaps.
Ideagen seamlessly integrates audit planning with enterprise risk data. It’s a one stop shop - cheaper to procure, quicker to implement. Argenta achieved closer communication between audit and risk functions to achieve huge gains.
See Ideagen Internal Audit in action
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Additional reading
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Ideagen Internal Audit increases FORUM Credit Union’s audit capacity by 35%, further streamlining internal auditing.
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