Internal Controls App Summary

Key Reporting

  • Best practice out-of-the-box reports, including:
    • Audit Committee Summary
    • Internal Controls Status Report
    • Control Effectiveness Summary
    • Company-wide Issue Summary
    • Testing Dashboards   
    • Certification Summary
    • Financial Statement Account Scoping

First Line Portal

  • Keep key Processes & Controls up to date
  • Upload documentation requests
  • Update and remediate outstanding/overdue issues and actions
  • Document BU-level certifications

Cross-Team Collaboration

  • Test once and share across Internal Audit and Internal Controls
  • Share results of controls to be relied on by other Second Line functions
  • Tag team members for comments and information requests


  • View results of prior evaluations of controls 
  • Document process narratives, test procedure results, and conclusions using a rich text editor
  • Upload & review work papers
  • Automated test sign-off capabilities
  • Draft issues and actions


  • Assign issues to owners, including dates and remediation/action plan
  • Due date notifications for outstanding issues and actions

Library Management

  • Manage library of processes, risks, and controls
  • Manage business unit structure & financial statement accounts
  • Template setup and modifications
  • Push updated process and control information to all assessments

Financial Statement Scoping

  • Set financial materiality levels
  • Establish consolidated and sub-account structure
  • Map accounts to assertions and business processes
  • Assess the risk of individual accounts to determine the scope of testing

Planning & Walkthrough

  • Scope in relevant processes & controls from the library
  • Update risk & control matrices
  • Send processes & controls to the first line to identify changes to narratives and descriptions
  • Document walkthroughs and conclude on design effectiveness
  • Establish, send, and update document request list


  • Send quarterly or annual certification letters to Business Unit leads
  • Embedded summary reporting to review control effectiveness and issue status before signing off