Internal Audit Risk
Everything in one place. Everything connected. LogicManager provides audit departments with an integrated, paperless audit management strategy, eliminating the burden associated with disparate electronic files and binders.
Internal Auditors rely on LogicManager to increase efficiency and effectiveness of the entire internal audit process, including: risk assessment, scheduling, planning, controls, testing, report generation, trend analysis, committee reporting and storage.
Streamlining
LogicManager streamlines every aspect of the audit process to improve workflow and empower the internal auditor to spend less time documenting and reviewing and more time providing value-added findings. LogicManager customers report average productivity increases of more than 30% during the first year of LogicManager use.Audit Planning
LogicManager’s robust scoping tools evaluate your entire audit universe and select the highest priority areas for your audit plans. The selection of these priorities is based on the risk within business processes, and the vendors and assets upon which they rely.LogicManager solves your challenges from getting independent quality assessments from process owners to full electronic work paper management. With LogicManager’s intuitive, easy to use solution, you can capture and manage all the elements you need to do a truly independent and objective audit.
In addition to traditional audit planning, control, testing and work paper management capabilities, LogicManager enables you to:
- Improve allocation of resources using standardized assessment of risks to prioritize controls based on an apples-to-apples comparison basis.
- Escalate findings with robust workflow and track resolution of issues with extensive built-in reporting.
- See and follow the dependencies and consequences of any and all risks that materialize across business functions and resources through to their effect on the financial statements of the enterprise.