Focus Pages » Target Enterprise Risk Management with Internal Audit Software


December 10, 2008
Türk Telekom Selects Paisley Enterprise GRC® for Internal Audit Management
December 3, 2008
Thomson Reuters To Acquire Paisley
October 28, 2008
Minneapolis/St. Paul Business Journal Recognizes Paisley as One of Twin Cities' Fastest Growing Companies

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Target Enterprise Risk Management with Internal Audit Software

 

Sarbanes-Oxley Software
Studies have shown that many large and small organizations are still seeking Sarbanes-Oxley software. The need for Sarbanes-Oxley software to meet urgent new and emerging governance requirements, including Sarbanes-Oxley securities legislation related to control effectiveness, and the Basel operational risk requirements, has not diminished.

The Sarbanes-Oxley Act currently requires that the CEO and CFO of issuers to certify, and be personally liable for, the reliability of certain external disclosures. Essentially, Sarbanes-Oxley software should allow the CEO and CFO to be certain of all information given. SOX also requires that the SEC issue further specific rules dramatically changing the corporate governance environment and the expectations of Sarbanes-Oxley software. The Sarbanes-Oxley Act, and more specifically sections 302 and 404 of the act, has significantly elevated expectations related to the quality and quantity of formal risk and control assessment being done by work units and internal and external audit. Sarbanes-Oxley software is ideally suited to assist companies meet these expectations in the most cost-effective manner.

Internal Audit Software
A great solution to an organization's enterprise risk management challenge is CARD®map, this software is an easy-to-learn, easy to use, web-enabled Internal Audit Software program that allows your organization to chart and monitor any face of your operation. A feature that is very beneficial is that business processes or areas can be detailed on a computerized "card". The cards are generated by the internal audit software, and they assist the user in assembling a snapshot of all, or any part of, the organization's "risk" or "control" map. Internal audit software solutions will assist the user along the way to assess risks and controls, identify problems, monitor performance, assign responsibility, and prioritize action areas. In time, this internal audit software will integrate a database of performance results, loss history, risk exposures, controls, residual risk status, and action plans. Some solutions from Paisley Consulting include:

Powerful Paisley Solutions


Risk Navigator® was designed to help companies with Sarbanes-Oxley Act compliance. It assist organizations develop policies and establish long-term operational & enterprise risk management solutions to Sarbanes-Oxley regulation. It’s an immediate solution with the capacity for full control and integrated Sarbanes-Oxley - software for the future.

CARD®map software was designed to help organizations meet risk and control governance responsibilities including risk assessment analysis for the Sarbanes-Oxley Act and emerging Basel operational risk requirements resulting from the Basel Accord; an excellent enterprise risk management tool used by Sarbanes-Oxley consultants everywhere.

FOCUS® is web-based internal audit software designed specifically for Sarbanes-Oxley compliance, particularly in relation to Sections 302 and 404 requirements. It is a fast, easy way to Sarbanes-Oxley compliance. It documents all risks and controls, establishes accountability, identifies gaps, tracks action plans and provides for management certification. FOCUS provides the level of detailed documentation required to satisfy external auditors in the most efficient way possible.



Enterprise Risk Management
Enterprise risk management solutions are an essential to all organizations. Companies must meet today's demanding business environment needs, and this may require a map. To understand the risks and opportunities in every facet of every business unit and department, an organization would need internal audit software. In order to manage risk, assign or pinpoint responsibility and track progress an organization would need an enterprise risk management solution.

Today, competition, technology, globalization, deregulation and cost containment pressures are a way of life and proliferation of assurance, and inspection groups and approaches impose heavy burdens on work environments and especially the CFO. A great solution to an organization's enterprise risk management problems is CARD®map. This program is a welcome and timely tool allowing reduction of the assurance burden on work units, and integration and streamlining of all your enterprise risk management and assurance activities.




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