DATASHEET

Archer Audit Planning & Quality®

Use Case for Audit Management

The Challenge
One of the primary challenges for internal audit teams is lack of access to broad, dynamic
enterprise risk and control information and analysis. Instead, they are left to rely on a static audit
universe risk assessment (AURA) to evaluate risk and drive audit work. This prevents internal
audit from adjusting their audit plans to rapidly changing risks and business concerns.
Audit plan and risk assessment documentation is often decentralized, captured in multiple tools
and systems that are difficult to integrate. There is no easy, fluid way to manage audit plans,
let alone coordinate objectives among risk and compliance groups. In addition, while internal
audit teams are under increased pressure from audit committees and management to improvetheir processes, quality control procedures are often sporadic, inconsistent and difficult to follow
up on.

Overview
Archer Audit Planning & Quality enables internal audit teams to define and risk assess theiraudit entities and universe, plan for audit engagements in upcoming periods, and manage
their audit staff and schedule. Audit Planning & Quality integrates rich management risk andcontrol information, enabling internal audit to ensure their audit objectives are aligned withenterprise risk management and other related groups. The use case puts you in control of theentire audit planning lifecycle, enabling improved governance of audit-related activities while
also providing integration with your risk and control functions.
®

FeaturesBenefits• Complete workflow to create and assess audit		 entities, perform risk assessments and manage		 audit plans.

With Archer Audit Planning & Quality, you can:• Workflow to manage your audit staff and		 scheduling of audits.
• Centralized location for storing and managing		 audit plans, audit entities, and assessment		 results.
• Audit quality assurance and review checklists.

• Execute on a dynamic, risk-driven audit plan		 aligned with the organization’s priorities and		 focuses on the most important risks.
• Easily provide Board-level reporting that keeps		 the audit committee well-informed of the		 status of audit plans, risk and critical findings.
• Demonstrate the strategic value of internal		 audit and more efficient use of audit resources.
• Reduce external auditor fees by providing self		 serve access to the information they need.

About Archer
Archer is a leading provider of integrated risk management (IRM) solutions that enable customers to improve strategic decision-making
and operational resilience with a modern technology platform that supports qualitative and quantitative analysis driven by both businessand IT impacts. As true pioneers in GRC software, Archer remains solely dedicated to helping customers manage risk and compliancedomains, from traditional operational risk to emerging issues such as ESG. With over 20 years in the risk management industry, theArcher customer base represents one of the largest pure risk management communities globally, with more than 1,200 customers
including more than 50% of the Fortune 500.
Visit www.ArcherIRM.com.

@ArcherIRM

Archer Integrated Risk Management©2023 Archer Technologies LLC. All rights reserved. Archer and the Archer logo are registered trademarks or trademarks of ArcherTechnologies LLC in the United States and other countries. All other trademarks are the property of their respective owners. Archerbelieves the information in this document is accurate. The information is subject to change without notice. 10/23 Data Sheet.