Audit Management Software

Minimizing Internal Audit Risk Factors

Predict360 Audit Management Software

Internal audit is considered an integral part of management and a fundamental element of corporate governance. The dynamic changes of the world economy, the new tools and the new directions of internal audit development are useful for management and give added value to organizations.

These factors have given rise to a new image of the auditor, a figure endowed with a wide range of skills and good practices adapted to the needs of the operating context. They have also increased the audit risk factors that need to be dealt with.
A Renewed Focus on Audit Risks
There is a renewed […]

Understanding and using the Audit Risk Model

Audit Risk Management

Businesses survive and thrive by making smart and informed decisions. Understanding the risks behind something is the smartest way to ensure that all risks are accounted for, and the activity is carried out using the best practices.

Every business activity carries a certain amount of risk. Whenever there is an audit there are several risks that need to be managed. The audit risk model classifies the risks that can happen, specially when an external auditor is being used.

What is an audit risk model?
The audit risk model is a model that […]

What is an Audit Process, and How does GRC Improve it?

Predict360™ Audit Management and Assessments

The audit process is unique for every organization depending on its needs, but there is a general approach that can be applied to almost every audit case. As we look at what is an audit process, it is also important to see how it changes within the context of GRC.

We are talking about the internal audit process here – external audits are more complicated, because the external auditor has to make themselves familiar with the organization before the audit, while the internal auditor is already familiar with the way the business operates.

What is an Audit Process?
Audits are of crucial important in every […]

Keynote address at the 13th Annual Audit Conference highlights the importance of audit technology

The Ensuring Integrity: The 13th Annual Audit Conference took place in December of 2018. The conference is attended by experts, innovators, leaders, students, and businesses. These stakeholders discuss the challenges being faced by auditors, the opportunities that are present for improving audits, as well as exciting new developments in the industry. The keynote speech […]

Operational Audits: Going Beyond Internal Audits 

Internal audits are a very common occurrence in businesses. Operational audits, however, are rarer. These audits can deliver wider-ranging benefits compared to internal audits, but take more effort to carry out, which is a major reason why businesses do not do operational audits more often.

What are operational audits?

Operational audits are audits that focus […]

Four Ways Internal Audit Software Can Help Your Business

Predict360 Audit Management and Assessments

Internal audits are a necessary part of doing business in the financial sector. Businesses need to perform these audits if they want to ensure that they are performing at their best and there aren’t any risks they may have overlooked. Businesses are also required to perform these audits by regulatory bodies. The only problem is that many companies are not able to reap the full benefits of these internal audits