Internal audit is an independent function that gives the board and the audit committee reasonable assurance that controls, risk management and governance are working as they should. Its value depends on the quality of planning, the accuracy of execution, the speed of reporting, and following up recommendations until they are closed.
In many companies, audit plans, observations and recommendations are still spread across Excel files and scattered emails, so reports reach the audit committee late and it is hard to prove that recommendations have been closed.
How HWKM helps
Your internal audit team plans, executes and follows up from one place — instead of scattered spreadsheets that reach the audit committee too late.
HWKM gives the internal audit team a unified environment for preparing annual plans, executing review tasks and reporting, following up audit recommendations, and preparing audit committee reports, instead of scattered Excel files.
Result: The audit committee gets accurate reports on time, not after the impact has already happened.
Key features
- Preparing annual audit plans
- Executing review tasks and reporting
- Following up on audit recommendations
- Audit committee reports
Who is this solution for?
Frequently asked questions
What does HWKM offer the internal audit team?
Preparing annual audit plans, executing review tasks and reporting, following up audit recommendations, and audit committee reports.
How does internal audit differ from risk management?
Internal audit gives independent assurance on the effectiveness of controls and risk management, while risk management identifies, assesses and treats risks. The two functions complement each other inside the HWKM platform.
Can audit be linked to the risk register?
HWKM brings internal audit, risk management and compliance solutions together in one platform. To see how they are linked in your case, you can book a demo.
Ready to see HWKM working inside your company?
Book a free demo and see for yourself how this aspect of governance is managed fully electronically.
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