Internal Audit Management Program

Every effective audit program starts with a risk-based governance framework. With LogicManager’s Risk Maturity Model (RMM), you define your audit oversight structure, clarify scoping criteria, and align your audit universe to the organization’s strategic and regulatory priorities.

By leveraging insights from ERM, internal audit can focus each engagement on the areas of highest impact, rather than spreading resources thin. This approach ensures oversight is consistent, transparent, and adaptable to changing business conditions.

With the right foundation, you create a holistic view of risks and controls, which allows you to anticipate issues before they ripple across the business and set the stage for a well-structured audit universe.

Clarity begins with knowing exactly what can be audited and why it matters. This solution helps you define an internal audit policy, inventory all auditable entities, and document the criteria for scoping and prioritization. By aligning your approach with IIA and regulatory standards, you ensure every inclusion or exclusion is backed by a clear rationale.

A centralized audit universe eliminates uncertainty, making it easy to identify gaps in coverage and focus on areas with the greatest potential risk. Each entity is categorized with consistent information on risk levels, business function, and strategic importance.

With this inventory in place, you can plan audits with precision, ensuring each engagement is intentional and tied to the organization’s broader objectives.

Effective planning turns your audit universe into a focused roadmap for the year ahead. This solution enables you to develop audit plans based on risk criteria that reflect strategic goals, regulatory obligations, and operational realities.

High-risk areas are prioritized for coverage, while medium- and low-risk items are slotted into the plan at appropriate intervals to maximize the use of available resources. Each decision is documented with justification, ensuring transparency for leadership and regulators.

By connecting the plan directly to your risk framework, you ensure your team spends its time where it matters most – delivering value, not just meeting quotas – and you’re ready to adapt if risk priorities shift mid-year.

Strong audits start long before fieldwork begins. This solution uses a standardized risk-control matrix to map identified risks to their corresponding controls. Each control is defined with clear objectives, expected outcomes, and the method by which it will be tested.

This preparation ensures that controls are not only well-documented but also designed to meet their intended purpose. Gaps in design are identified early, so adjustments can be made before testing.

By building this framework upfront, you enter the fieldwork stage with clarity, consistency, and confidence, reducing surprises and making it easier to connect findings back to their root causes.

Fieldwork is where your audit plan becomes action. This solution standardizes how control design and effectiveness testing are performed, ensuring every engagement follows approved audit methodologies.

Procedures are documented step-by-step, evidence is captured in a consistent format, and results are validated against the control’s stated objectives. This approach not only ensures quality but also makes it easier to compare performance across audits and identify systemic issues.

By maintaining a disciplined process, you can move from observation to insight with efficiency and accuracy, giving leadership the information they need to make informed, risk-based decisions.