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Internal Audit Risk Assessment demo

The audit plan ranked from cited risk signals, and changed in the year when a risk moves. 1:33

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What the demo shows

Builds the annual risk-based audit plan from cited risk signals for audit leaders

The audit universe is a ranked list: last year's score, this year's and the move, with the signals that caused it as short cited chips. Reader agents go through board minutes, the risk register, incidents, KRIs, new rules and prior findings, and each proposes points per factor with the passage that justifies them. A challenger agent argues the other side of every move of ten points or more — stale evidence, double counting, a closed cause — and a person rules when they disagree. A planner fits engagements into the team's available hours and skills, keeps required audits and every entity scored 70+ in, and proposes the swap when the line moves. The CAE moves the cut line, signs the plan with a reason, and a committee writer drafts the paper with every claim cited. After approval the readers keep reading, and a move that crosses the line becomes a sized in-year change for the chair.

Transcript

  1. Internal Audit Risk Assessment builds the risk-based audit plan from cited signals, for audit chiefs.
  2. 60% of audit chiefs say their risk assessment moves too slowly.
  3. The universe is ranked, last year's score, this year's and the signals that moved it.
  4. Agents read minutes, incidents, the risk register and new rules, citing every point.
  5. Third-party risk jumps from 42 to 78.
  6. a payroll outsourcer, a vendor incident, a new rule.
  7. A Challenger agent argues the vendor left, finds the root cause still open, and holds.
  8. Ingrid, the audit chief, reads the source and accepts the move with a reason.
  9. The planner swaps out the low-risk travel audit inside the hour's budget.
  10. She signs the plan.
  11. The committee paper is drafted every score cited.
  12. Every score cited, every decision signed, every step logged.
  13. The result? Hours follow the risks that moved, and all seven high risks are covered.
  14. Built on Botminds.
  15. Agents, data, screens, and governance on one platform.

Transcribed from the film’s narration. Captions are on the player.