Internal Controls Management
Connect risk and control information across your enterprise or agency. Achieve greater efficiency and transparency with Workiva.
Transform your risk assessment process
Increase transparency of information in a single scalable environment. Utilise Workiva for risk assurance, organisation frameworks, and commonly used global frameworks, including SOX, COSO and many others.
Leverage a common framework for risk and controls
- Add or update risks and controls without disrupting processes or requiring IT support
- Use integrated comments and workflow to communicate changes without email
- Save time by collecting results and evidence, aggregating and reporting on all risks in a single platform
- Automate your assessment process with an easily customisable certification tool
Ensure accuracy across documentation
Improve control and efficiency in your internal controls. Create a central repository of internal controls where documentation instantly updates as changes are made.
Streamline internal control design
- Link your data to narratives and flowcharts
- Grant role-based permissions to ensure segregation of duties among process, control owners and audit teams down to the process or narrative level
- Track changes made to documents with a complete audit trail and history
- Build and interact with dynamic flowcharts
Streamline collection and testing in a single platform
Automate evidence collection and control testing. Manage supporting evidence requests, and track responses and approvals with a real-time dashboard.
Optimise your testing workflow, and increase transparency
- Optimise testing with random sampling via single or bulk tasks
- Attach samples directly to testing sheets, annotate and communicate test findings
- Simplify markup with drag-and-drop annotations
- Monitor progress, and stay on schedule with real-time result tracking
Create dynamic and informative reports and dashboards
Access up-to-the-minute risk intelligence at your fingertips. Improve transparency, and guarantee reporting accuracy to stakeholders across your organisation.
Deliver in-depth and real-time data
- Easily create personalised and ad hoc reports
- Drill down into supporting data for dashboards and reports
- Track, report and remediate issues identified during testing
- Automate the creation of MI packs for relevant audiences
Automate the certification process
Meet deadlines, and improve compliance. Establish a repeatable process that is efficient, timely and transparent.
Built-in sign-off and certification
- Customise certifications to your company's workflow and deadlines
- Personalise views for stakeholders to receive and validate controls and sign questionnaires
- Leverage templates, schedule reminders and increase process visibility with robust tracking to streamline workflow for control and process owners
- Empower signers and approvers to review, attach support and sign off from any device