In our continued commitment to excellence, we have developed additional functionality in our internal audit information solution, iAudit. With this step, we have further strengthened and expanded the internal audit system's segment dedicated to control, playing a crucial role in risk management and ensuring business stability.

Key features of the new functionality:

Expanded control options:

• The new functionality allows the input of a range of control options, enabling organizations to more precisely tailor their internal processes.
• This provides organizations with better control over their operations and greater adaptability to changing circumstances.

Integration with the existing risk management system:

• The new functionality is designed for seamless integration with the existing risk management system (risk register), allowing organizations to more comprehensively align their risk management approaches and control usage.

Continuous updates and flexibility:

• The system enables regular updates and adjustments in line with evolving business environment needs, ensuring organizations always employ the latest and most effective control mechanisms (option to add new controls, update and supplement existing controls, deactivate unused controls).

Transparency:

• Organizations are empowered with:
  • Increased efficiency while maintaining a high level of transparency in control execution.
  • Communication between internal audit, risk owners, and control owners.
  • Report generation, reducing the possibility of human errors.

The new functionality in the internal audit information solution not only enhances control oversight but also allows organizations to keep pace with the latest trends and requirements in the realm of risk management. This sets new standards for sustainable business practices and further excellence in managing organizational processes.