|
Risk Based Internal Audit |
MIMS RM is designed to enable the Internal Audit Team to ensure that the principal risks are continually re-ranked, in order to build up to date Audit Programmes and that opinions on Control Measures are recorded and acted upon.
- Capture the organisational (partnership and process) structure within which the risks exists.
- Filter the Risk Register to identify risks with common characteristics.
- Identify risks according to their Business Impact
- Risk Appetite - Impact / Scope / Reputation etc
- Key Process Time to Impact / Halt / Repair
- Any 'whistle blowing' occurrences
- Continually update the Audit Programme to reflect the changing conditions
- Evaluate and record opinions on the fitness for purpose of the Control Measures
- Improving Actions are allocated to individuals and automatic aide memoires are provided by email.
- Audit Reports (and other electronic documents) may be attached
- A range of standard reports and a bespoke reporting Wizard are available.
- Reports may be exported in arrange of formats including Excel and PDF.
|