Multi-Year Audit Planning in TeamMate+ (TM+) enhances and adds automation to the audit planning process. This new tool allows you to forecast the scheduled cycle of your audits by Auditable Entity from your Organizational Hierarchy over several periods (most often years).
  • Automation allows for maximization of resources, so you can focus on vision and execution of the Internal Audit function rather than manual processes
  • Greater assurance that Auditable Entities are covered and prioritized accordingly in the Audit Plan
  • Accuracy and completeness of data by removing error-prone manual processes

Focus on executing your audit plan rather than administrative and cumbersome manual planning tasks.

TeamMate Multi-Year Audit Plan Product

Forecasting: Automation, reviewing and reporting

MYAP Zoomed In
  • Using existing data in TeamMate+, a Forecast is generated based on the audit cycle methodology configured by users in the Multi-Year Audit Planning setup
  • Modifications to the Forecast can be made based on professional judgment with documented rationale
  • The Forecast can be easily exported including documentation to communicate with Senior Leadership, the Board of Directors, or Regulators

Multi-Year Audit Planning in action

For CAEs and Audit Directors who need to show compliance

Multi-Year Audit Planning can be easily exported including documentation to communicate with Senior Leadership, the Board of Directors, or Regulators.

For Audit Managers who are looking for direction and transparency

Quickly understand which Auditable Entities will be included in each cycle and the rationale for decisions made outside of the cycle methodology.
Why your team needs Multi-Year Audit Planning from TeamMate

Eliminates manual processes

Eliminates manual process outside of TM+ to calculate the upcoming schedule for Auditable Entities based on the audit cycle methodology.

Saves time

Frees up those responsible for Multi-Year Audit Planning to focus on Internal Audit management rather than building the multi-year forecast.

Ensures accuracy

Ensures accuracy by having the calculation performed in TM+ using your organization’s audit cycle methodology and existing TM+ data to ensure that all Auditable Entities are covered during the audit cycle.

Creates a reference point

Creates a reference point for documentation as to why Auditable Entities were selected for the periods they would be audited to provide to senior leadership and/or regulators.

How can we help you? Get in touch with a TeamMate Specialist today

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