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Internal audit functions

What is meant by Internal audit functions?

The "Internal Audit Function" refers to the process of independently assessing and reviewing business processes, internal controls, and compliance procedures within an organization. The aim is to evaluate the effectiveness, efficiency, and reliability of internal controls and ensure they comply with legal requirements, internal policies, and best practices.

Typical functions of software in the "Internal Audit Function" area are:

  1. Audit planning and scheduling: Assisting in the development of audit plans, resource allocation, and scheduling of audit activities based on risk assessments and compliance requirements.

  2. Risk assessment: Assessing business risks and identifying weaknesses in business processes, internal controls, and compliance procedures to determine the focus of internal audits.

  3. Audit execution: Conducting audits according to the audit plan, including collecting evidence, assessing controls, and identifying deviations from standards and policies.

  4. Document management: Managing audit documentation, reports, and findings, as well as storing relevant documents and evidence for future reference and review.

  5. Action tracking: Tracking and monitoring action plans to address identified deficiencies or weaknesses to ensure required corrective actions are taken.

 

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The function / module Internal audit functions belongs to:

Audit

Software solutions with function or module Internal audit functions:

Aeneis - critical and success-relevant processes and assets under control.
Aeneis | BPM Software for Governance, Risk & Compliance (GRC)
DataCare
DataCare
 
 
 
 
 
 
Legally compliant and secure data protection
Quentic (The leading software for EHSQ & ESG management)
Digitize your EHSQ and ESG management with Quentic.
PROJEKTA
 
 
 
 
 
 
Project Software - ERP for Service Providers
Cosmino Panteo - standardized flexible, future-proof
Flexibility meets standard: versatile function modules for flexible PDA, MDA and MES
WissIntra
WissIntra
 
 
 
 
 
 
for your process documentation, measures, risk and audit management
e-QSS
e-QSS
 
 
 
 
 
 
QM software for the intelligent digitalization of all quality processes
MSO Maßnahmen-/Workflow-Management
MSO Maßnahmen-Manager – direkt einsetzbar – beliebig skalierbar – einfach konfigurierbar
solution2
solution2
 
 
 
 
 
 
Database-supported application software for merchandise management and production
N5-Solutions - Processes
Web-based solution for process management
Show all 40 programs with Internal audit functions