How do we go about reducing auditing costs so internal audit teams can do more with less?
There is an increasing need to provide management with performance, compliance and risk information that enables them to manage their business. However, capacity and budgetary restraints make it difficult for many teams to deliver such services. Consequently this leads to audits either carried out ineffectively or not carried out all.
The challenge is therefore to deliver more with less by reducing auditing costs, but how?
HPO Clearview is a cloud-based platform that enables audits and assessments to take place without the need for human resource. This collects and analyses evidence to produce a risk profile against compliance and business outcomes.
Thus, costs are reduced but the value of the information increases as cultural and behavioural risks become visible. Reduced human resource is then left to add value by driving change to realise business improvement and changes in behaviour.