Internal Audit Software

Riskonnect’s Internal Audit software helps you systematically evaluate the effectiveness of your risk management and governance practices.

Manage the end-to-end audit process from one place. Track every step of the audit process on a secure, expandable platform.

Quickly find – and fix – weak links. Address gaps in controls and compliance as they arise.

Give leadership data-backed assurance. Provide the C-suite with concrete proof that your brand, your reputation, and your finances are protected.

Internal Audit Software on laptop screen

Internal Audit

Software Highlights

  • Audit Controls
    Management & Monitoring
    Design controls relevant to your organization and monitor the effectiveness of audits performed.
  • Audit
    Findings
    Manage and address remediation of audit findings derived from testing.
  • Continuous Controls
    Testing
    Automate the testing process with use of RPA and machine learning.
  • Dashboards
    Communicate audit status quickly and effectively through storyboard-driven dashboards.
  • Document
    Management
    Electronically house all relevant files and documents in one place for easy search and retrieval.
  • Risk
    Assessment
    Use out-of-the-box risk assessments to determine the scope and breadth of every audit.
  • Risk Analytics
    and Insights
    Easily customize your reporting and dashboards to tell your story and inform decisions.
  • Workpaper
    Management
    Electronically house all relevant files and audit evidence for easy search and retrieval.

We need to see many different aspects of risk, from minute detail to board-level insight. It can be a minefield. The solution provided by Riskonnect has enabled our framework to make that happen.”

Dan Maclennan, Group Risk Director, BT

Eliminate Inconsistent

Standards and Controls

How confident are you than controls and assurances are uniformly applied? Riskonnect’s Internal Audit software uses consistent methodology to identify, assess, and address risks of all types, including financial, operational, IT, compliance, and more.

  • Seamlessly integrate data from multiple sources.
  • Automate workflows to accelerate the audit process and improve auditor productivity.
  • Eliminate duplicate data entry.
  • Create and send engagement letters.
  • Customize standards, assessments, and scoring methodologies according to regulatory requirements or your own best practices.
internal audit software demo screen
internal audit software connections demo screen

Always Know Where
You Stand

Are your standards, policies, and requirements there for show or are they ingrained in your culture? Riskonnect’s Internal Audit software documents the full trail of audit activity, so you know you are actually doing what you say you’re doing.

  • See the current status at every step of the audit process – including remedial actions.
  • Customize dashboards to put the right details at your fingertips.
  • See the connections between risks, controls, assessments, accountability, documentation, and other relevant factors.
  • Automatically assign tasks and email reminders.
  • Identify emerging risks.

Become a Trusted Advisor

Do you want to stay in the back office or emerge as the go-to resource for leadership? Riskonnect’s Internal Audit software helps you align audits with organizational goals and strategic imperatives – and provide timely, reliable insights that leaders need.

  • Provide secure access to all approved stakeholders from anywhere at any time.
  • Improve transparency and collaboration.
  • Use risk impact to prioritize actions.
  • Gain visibility into vulnerabilities and opportunities.
  • Easily build reports and presentations.
align audits with goals and impact demo screen

Get Started with These Helpful Resources

internal audit professionals working in office
EBOOK
Transforming Compliance
from Check-the-Box to Champion
This guide will show you how to stay on top of endless regulatory change – and champion the organization’s future.
Risk management software buying guide
EBOOK
The Complete Guide to
Buying Risk Management Software
This guide demystifies the buying process with step-by-step navigation through the entire journey.
Internal audit software RFP template
RFP TEMPLATE
Starting an RFP process for
internal audit software?
Download Riskonnect’s list of the most critical internal audit software-related questions and customize it to suit your needs.

Customers with Enhanced

Internal Audit Programs Also Use

Internal Controls
Automatically test your controls, provide operational transparency, and demonstrate regulatory compliance.
Compliance
Aggregate all corporate and legal policies, procedures, and requirements from across the organization into one centralized location.
Enterprise
Risk Management
Combine insurable and noninsurable risks so you can anticipate, assess, mitigate, and monitor every threat from every corner of the organization.

Start anywhere. Expand everywhere.

Industry Recognition for Riskonnect

Redhand Advisors Forrester Wheelhouse Advisor

Start partnering with Riskonnect today.
Find out how Riskonnect can transform the way you view risk.

Quick Answers to Your Internal Audit Software Questions

Internal audit software is a platform for systematically evaluating the effectiveness of governance and risk management practices. The software centralizes standards, policies, and requirements into one place and documents the full trail of audit activity. It improves decision-making by providing leaders with timely, reliable data-backed insights. Audit software can also help you identify and address gaps in controls and compliance.

Audit software offers a variety of applications – like audit controls management, audit findings, continuous controls testing, and document management – to help you maintain consistent standard and assessments and stay aligned with organizational goals.

The answer to this question depends on the number and complexity of your policies, controls and assurances. Companies with a limited number of risks and controls might find spreadsheets a perfectly adequate tool. As the number of controls, assessments, and compliance requirements grows, however, so does the amount of data and reporting needed to effectively manage governance.

You will likely benefit from audit technology if your controls, assessments, or policies are inconsistently applied or stored in many locations. Internal audit software helps you eliminate disparities, manage the complete audit process from one place, and document every step.

Riskonnect’s flexible model allows you to start anywhere and go everywhere. You can build a solution that fits your needs today – and easily add and upgrade as your business grows and changes.

Riskonnect is designed to seamlessly connect data from multiple sources inside and outside your organization. We also offer APIs (application programming interface) to easily import and export data and out-of-the-box integrations with specialized partners to help you get the most from your data as efficiently as possible.

Pricing depends on the size and complexity of the project and how much customization you require. We offer three industry-leading implementation options at different price points to fit your budget, while achieving your business objectives as quickly as possible.