Audit Control Identification
LogicManager’s risk-based audit management software helps prioritize business goals, operational objectives, and key processes to add efficiency to audit planning and execution.
Basically, you’re a hero.
Your company is comprised of many moving parts all working towards achieving the operational and strategic goals of the business. Every process, in every business area, carries risks that could threaten these goals, and it’s your job to make sure the controls in place to manage these risks are as effective as possible. Internal process, compliance, IT, and facility driven audits are essential to provide assurance and reduce the threat of fraud and ineffective operations to keep your business thriving. You’re the planner and the executor of these audits, so really, you’re making your business thrive, especially with the help of our audit management software.
Audit Management Software Can Help.
Without an integrated audit management software, completing these tasks can cause a headache:
Performing risk assessments, assigning and documenting controls, testing and evidence collection, issue management, and reporting.
Without a single framework, assigning and evaluating risk assessments is a lengthy, tiresome, often subjective process.
Housing information in different places makes it hard to keep an eye on the status of projects and critical issues.
Reporting on the status and outcome of your audits is near impossible when you have to hunt down the information you need.
Experience a Customized Audit Management Solution
We know you love to go above and beyond. With your audit management process improved, you can focus on doing just that. Our audit management software is designed to help you align strategic goals with operational objectives.
By giving you an enterprise-wide view of your risk at all times, LogicManager drastically reduces the time and money you spend on audits and helps you prove and grow your expertise.
“ LogicManager is cost-effective, is very flexible so it can be used for many risk management tasks, and the support is fantastic! ”
Bill Baumer | Chief Audit & Risk Officer, Cognition Financial
Frequently Asked Questions
What is Audit Management Software?
Your business may be audited on anything at any time, so it’s important to have a formalized audit management program in place to keep track of it all. But it quickly becomes tedious and complex to manage audit schedules, availability of key personnel and other resources. Using audit management software adds automation and flexibility to your program while eliminating human error and the need for manual work.
What Are Some Audit Management Software Features?
Some key features of audit management software include scoping and planning templates, automated tasks and reminders, control libraries, to-do lists and reporting tools. With LogicManager’s audit management software, you’ll gain all of those tools and more, including a risk-based taxonomy framework to connect your people and processes, pre-built risk libraries to house and keep track of all risks relevant to any audit, intuitive and objective risk assessments, AI tools for mapping existing controls to audit requirements and much more.
How Do I Know If Audit Management Software Is Right For Me?
If you’re tasked with hunting down information to prepare for an audit, keeping an eye on the status of your audits, reporting on the outcome of your audits or all of the above, staying on top of everything can cause a headache (or worse: mistakes that lead you to fail an audit). While of course budgets may be restrictive for some organizations, having integrated audit management software is right for anyone looking for an easier, more effective way to manage their audit processes.
Explore all LogicManager solutions
LogicManager covers a wide variety of solutions ranging from risk management to vendor management to cybersecurity management and financial compliance.
By clicking the button below you can view the other areas of GRC that LogicManager is suitable for. LogicManager really is an all-in-one risk management hub where you can centralize and streamline your workflows across business departments.