What we do
Transform your internal audit function through improved collaboration among audit, risk and compliance teams, automated real time reporting, and integration with audited functional groups for streamlined remediation. Templar Shield helps organizations define audit processes and controls and select and implement leading technical solutions to facilitate the complete audit lifecycle including audit planning, audit engagements and workpapers and findings remediation.
We assess your current needs, define processes and controls and align to your technologies that best align to your specific needs. Some of the Audit Management technical solutions we implement include:
Variances exist with each technology’s capabilities, integration, time to implement, licensing and support costs. Contact us for an assessment on your technology needs or to schedule a demo if you have interest in a specific product.
Templar Shield provides extensive experience in defining audit processes and enabling audit management technologies. Our solutions provide the following benefits:
- Improved Control Over Audit Lifecycle
Improve control over the audit lifecycle with one platform that consolidates your entire audit process and documentation into one system including audit planning, audit engagements and workpapers, and audit finding corrective actions. View real-time reporting and dashboards of audit progress and assignments.
- Centralize Remediation
Reduce your risk of repeat audit findings, compliance violations and other penalties. Organizations often have multiple databases for each business unit or various documents or spreadsheets. This can lead to inaccurate reporting, delayed and redundant remediation efforts. Centralized processes and enterprise audit management tools help speed the remediation and prevent redundant efforts.
- Improved Collaboration with Risk and Compliance Functions
Audit management can be integrated with or deployed as part of an integrated risk management platform, featuring best practices defined by the COSO framework. When implemented effectively, the internal audit team becomes a more effective collaborator with colleagues across risk and compliance functions. This leads to more effective reporting and processes within the 1st and 2nd line of defense and a more proactive stance to reduce risk.
- Maintain Audit History
Audit Management technologies can help your organization maintain systematic version control and change history of audits, controls and remediation.