Governance, risk and compliance software developer MEGA has combined the internal audit management functions of its MEGA Suite with industry best practices in a pre-packaged offering.
The integration is designed to help automate internal audit management and support for all major audit processes. All standard internal audit processes are defined and embedded in the software.
MEGA Suite now supports the Institute of Internal Auditors’ internal audit methodology and provides a common repository that stores all pertinent information for analysis and sharing. It includes a company’s business processes and risks, making it possible to link audit mission objectives to them. As a result, internal auditors can gather up-to-date knowledge of how the organization operates, and relate it to risks, controls, and compliance.
“Internal audit programs improve organizational efficiency,” said MEGA chief executive Lucio de Risi. “A systematic and disciplined program, based on a solid approach and advanced tools, helps determine whether company operations minimize risk and are under control. With this enhanced solution, internal auditors can gain more control over operations and help improve company business performance.”
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