Maintain a centralized repository
Building a strong inventory of your controls, including those that are most critical based on the risks they’re mitigating, helps drive what auditors test and the fieldwork they perform. This fosters more intentional work and creates a cleaner view for the tester to complete tasks without losing key information.
Take a risk-based approach
After completing an assessment on any particular risk, use those results to identify where you’re most vulnerable and where you need controls in place. This allows you to prioritize your time and resources accordingly and ultimately determine which of your controls are most critical based on those that are linked to the highest risks.
Reduce duplicative work
Our Control Identification solution package enables organizations to reduce duplicative work and facilitates the entire audit process. By leveraging existing mitigations across different departments, auditors do not need to duplicate control documentation efforts and can bring in view-only copies of controls to be tested as part of the audit.
Automate your processes
Gain the ability to automate control update requests to the appropriate owners through mitigation tasks. This gives confidence to auditors that the controls are up to date. To ensure accuracy, they will also have field history to see when the last change was made and who completed it.