Provide robust governance
Internal audit plays a vital role within an organisation’s GRC framework, ensuring that policies, processes, and regulations have been adhered to. This governance role, when performed correctly, can significantly reduce risk within the organisation, enabling the business to focus on delivering value. So, it’s important to ensure that internal audit’s own practices are aligned with the firm’s GRC approach, and that internal audit information is shared with both risk and compliance.
Support internal audit activities
An internal audit team that is empowered with the right technology is more efficient, reducing the time and resources required to complete tasks and achieve goals. Internal audit teams are also better able to align their activities with the whole of the GRC framework, sharing information about risks, and particularly operational risk and compliance risk. aCCelerate GRC supports internal audit activities by enabling teams to: