Internal Audit (IA) plays a critical role in mitigating the risks an organization faces. Audit must do so in a world of increasing risks and compliance obligations, while also coordinating with other groups like risk and control functions.
Archer Audit Management
Archer® Suite Audit Management puts you in control of the complete audit lifecycle, enabling improved governance of audit-related activities, while also providing integration with your risk and control functions. With Archer, you can transform the efficiency of your audit department, complete risk-scoped audits more quickly, and partner with the business to achieve your organization’s goals.
See the Solution Brief for this Solution on Archer Community: https://community.rsa.com/docs/DOC-40093
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Use case |
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Prerequisite use cases |
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Archer Issues Management lays the foundation for your program to manage issues generated by audit, risk and compliance teams. The use case includes the Business Hierarchy to establish the corporate structure and provides better accountability for risk and compliance issues, and workflow to manage findings, remediation plans and exceptions to address risks and associated resolutions. Archer Issues Management allows you to create a consolidated view into all issues. With an organized, managed process to escalate issues, you get detailed, rolled-up visibility into risks and efforts to close and address risks. Workflow for proper sign-off and approval for issues, remediation plans, and exceptions ensures identified issues are managed and mitigated. Your organization will see quicker reaction to emerging risks, creating a more proactive and resilient environment while reducing costs. |
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Archer Audit Engagements & Workpapers enables you to define your audit entities and universe, perform audit engagements, maintain workpaper documentation, and report on audit results in a consistent and timely manner. Archer Audit Engagements & Workpapers helps you transform the efficiency of your audit department, complete better-scoped audits more quickly, and decrease external audit fees. |
Issues Management |
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Archer Audit Planning & Quality enables internal audit teams to risk assess their audit entities and make audit plans for engagements in the coming year. Since Archer Audit Planning & Quality integrates rich risk management and control information, internal audit can ensure their audit objectives are aligned with management, enterprise risk management, and other related groups. In addition, the use case allows audit managers to manage the audit team and staff audit engagements with the right personnel. Archer Audit Planning & Quality also offers quality assessment of your audit function for improved governance of audit-related activities. |
Audit Engagements & Workpapers |