Your Challenges

Allocating limited resources to audit departments often means making difficult choices, coupled with the challenge of finding new and creative ways to ensure that risk data are concise and up-to-date, so all stakeholders share the same information and use the same risk assessment criteria, methodology, and tools.
 
That makes it especially difficult for auditors to:

  • Collect reliable risk data for preparing auditing plans and work programs  
  • Incorporate those data into their company’s risk management framework
  • Manage changing corporate and business-unit risk exposures
  • Technically frame agile, risk-oriented audit plans
  • Align the risk assessment criteria used during audits with those of their company’s risk management framework
Our Solutions

MEGA solutions help you prepare audit plans, work programs and allocate the necessary resources using a risk-based audit approach.

Our solutions are integrated into a unique platform that lets you focus on the most critical risks so you can effectively prepare audit plans, incorporate updated risk assessments into existing ones, and follow up on risk treatment.

Ensure a risk orientation during the preparation phase

With our solutions, you can create risk-based audit plans and work programs, including embedded risk and incident reports (such as heat maps of risks by process and business unit), registers of key risks with their most recent assessment, and registers of related incidents. Our solutions let you generate risk-based audit plans automatically out of a selection of risks. You can also prioritize audits, with high-priority audits validated by workflows and low-priority audits not needing to go through a validation step.

Other advanced reports can also be generated to help create audit plans based on risk analyses. Our solutions’ graphical tools make it even easier to develop audit plans that allocate staff and reveal risky operations.

Assess risks during audit execution

Our solutions help you connect risks to auditing activities and findings, and assess all risks together right at the audit level. They can also generate tests in the form of questionnaires that can be filled out in the software, and summarize the test results. Progress on audits and the results of questionnaires are automatically tracked; the analysis, consolidation, and communication of audit results and risk updates are carried out through a validation workflow at each step.

The final audit reports are generated automatically with risk heat maps. Scales and the number of levels can be easily customized. All of these steps can also be performed offline.

 

Follow up on recommendations

Recommendations can be entered directly in the software and aggregated with audit test results. Action plans can also be drawn up based on deficiencies identified by the audits.

Reports and dashboards to help you follow up on recommendations are available in standard formats that can easily be customized via a selection of several reporting criteria, such as risk profiles and assessment updates.