10 alpha-numeric fields are available for recording textual data for an audit unit, such as name, location, contact,etc. Risk Assessment Use a risk model as simple or as complex as needed. Up to 40 objective and subjective risk factors can be defined in the risk model. Objective risk factors automatically compute risk factor evaluations based on the numeric data recorded for the audit unit. Calculated risks can be used to combine objective and subjective risk assessments, giving you total control over your model.
Several evaluators can rate an audit unit independently.
AMP combines them into a composite evaluation, you can control. Balancing Prepare long range audit plans. AMP computes suggested audit frequencies based on optimal inter-audit intervals designed to balance audit costs against risks incurred in the absence of auditing. AMP automatically computes planned audit frequencies. AMP computes and manages up to a six-year plan, based on resource availability.