Weighted risk drivers
Six weighted drivers totalling 100 produce a comparable score for every auditable unit.
Risk-based internal audit
Let risk decide what gets audited.
A risk-based plan should be defensible: every audit in it traceable to a score, and every score traceable to a driver. Audit Out scores auditable units on weighted drivers — risk assessment, strategic impact, audit frequency, regulatory exposure, prior issues, and industry risk — ranks the universe, and turns the approved plan into engagements automatically.
Defensible ranking
Show the board and audit committee why each area sits where it does in the plan.
Plan to engagement
Approving a plan line creates its engagement, seeded with methodology phases and its auditable area.
Frequently asked questions
Risk-Based Internal Audit Planning Software FAQs
What is risk-based internal auditing?
It is planning audit work by assessed risk, so audit resources are spent on the areas with the greatest exposure and importance rather than on a fixed rotation.
How does Audit Out score risk?
Auditable units are scored on six weighted drivers that total 100, producing a ranked audit universe that feeds the annual plan.