Audit Schedule
LogicManager's risk-based audit management software helps prioritize business goals, operational objectives, and key processes to add efficiency to audit planning and execution.
This application can be achieved through:
Why a Risk-Based Approach to Audit Scheduling is important:
LogicManager’s Audit Scheduling Solution
Here’s what you’ll be able to achieve with LogicManager’s comprehensive Audit Schedule solution package:
LogicManager allows you to send automated tasks to decision makers in the audit scheduling process, eliminating the back and forth of email chains. Automated workflows also ensure that every scheduled audit follows the same procedure and logic.- Customize your homescreen to appeal to the right user. Set up unique profiles that correspond to LogicManager roles, like providing quick access to everyday users’ most important action items or your executives’ favorite reports.
- Use our robust reporting engine to easily build custom, comprehensive reports in an easy-to-use, drag-and-drop interface. If you’re not sure where to start, our reporting catalog offers dozens of reports out of the box:
- Calendar reports that allow you to look at a calendar and see when audits are starting
- Gantt charts, which provide an overall visualization of your schedule
- “Stoplight” reporting that shows whether you’re on or off schedule at any given time
- While LogicManager offers a public API that allows customers to build and manage their own integrations, the Integration Hub is a library of popular, no-code integrations that fit seamlessly within existing LogicManager workflows. Integrate with WorkDay and make sure you’re keeping your available auditors and their key information up to date to ensure that they’re readily available for the start of an audit.
What is an Audit Schedule?
Building an audit schedule helps you ensure that you have the right resources allocated throughout the year. It also helps you stay on track of your audits, which reduces the chance that you’ll be ill-prepared and perform poorly on an audit. The audit schedule also helps you keep track of your audit team’s responsibilities, and provides structure around the day-to-day activities and long-term planning goals of everyone involved in an audit.
Risks
Performing poorly on an audit – or worse, failing an audit – reflects negatively on your organization. Without a proper audit schedule, your chances of doing well on an audit are significantly lowered. This can result in internal disappointment and external backlash.
Additionally, if your failure to stay organized creates duplicative work for those conducting or preparing for the audit, you’re holding your organization back. What if you dedicate time and resources towards improving an area of the organization that doesn’t need help? You’ve not only wasted those time and resources, but you’ve taken away time and resources that could have been used on an area that does need improvement. Over time, this can significantly hinder the success of your business.
Request a DemoLearn How LogicManager’s Audit Scheduling Solution Can Transform Your Risk Management Program
Speak with one of our risk specialists today and discover how you can empower your organization to uphold their reputation, anticipate what’s ahead, and improve business performance through strong governance.
