Top 3 areas for improving your audit department

1. Visibility

Internal auditors need to effectively manage the department, the audit universe, and all aspects of the audit plan. Even more, we need to improve our value to the organization by providing insight into emerging risks. Audit and issue trending reports, management dashboards, and insights into work across the lines of defense provide the level of detail needed to demonstrate Internal Audit is keeping up.

2. Consistency

A lack of structure makes it challenging for audit managers to support and supervise teams to ensure the audit work is consistent and reliable. If every auditor captures and documents data in their own way, without an automated system in place, it can be nearly impossible to interpret someone else’s work. Implementing systematic and workflow-driven audit processes helps your organization derive more value from internal auditing by eliminating errors and inconsistencies with standard data collection and reporting methods.

3. Efficiency

Maintaining a relevant and efficient approach to auditing helps Internal Audit drive organizational value and play a key role as a valued partner. Integrating your day-to-day workflow across the audit team and pulling together audit processes that are often scattered over shared drives, spreadsheets, email, and other unconnected technologies reduce audit fatigue. In addition, automating your processes saves time for auditors who previously relied on spreadsheets and other manual processes to share data and generate reports.

Through a combination of the basic nature of our jobs and adherence to The IIA’s Standards, we are all very well aligned. True, every organization is a little unique, and it’s the nuances that make auditing so interesting. TeamMate+ works diligently to understand the broad needs of the auditing community as well as the nuances that make each department special.