Reminder: Changing of the Paradigms: Control Test Automation
Audit, Risk, and Compliance departments want to use automation to reduce costs, create efficiencies and enhance their value proposition to the business when managing risk; however, they do not have the internal capabilities to execute. Monitoring controls and control testing are often inefficient, expensive, and burdensome for organizations; however, many organizations do not have the internal capabilities to shift from a manual approach (susceptible to human error, with manual labor costs, and significant limitations on outcomes given the sub-sets of data used for controls /testing samples) to an automated approach. Our methodology and objective is to bring an automated continuous monitoring service offering to market, in order to help our clients identify their business case so that they are able to realize the benefits of control test automation in today’s market.