• Audit Planning & Scheduling o Annual/biannual risk-based audit planning o Resource allocation and scheduling o Audit universe management • Audit Execution o Workpaper management (templates, file uploads, version control) o Fieldwork documentation o Review and sign-off workflows o Tracking review comments o Ability to perform testing and markup within the tool o Ability to generate Audit Reports in the solution automatically o Ability to send final audit reports for review • Findings & Recommendations Management o Issues Management/Action plan workflow o Root cause analysis o Remediation plans and due date tracking • Reporting & Dashboards o Real-time dashboards for management and auditors o Custom and canned reporting (e.g., audit status, overdue items) o Export to PDF, Excel, etc. • Risk Assessment o Risk registers o Risk scoring and prioritization o Linkage of risk to internal controls and audit findings
