Overview

LogicGate Internal Audit is a flexible, no-code platform designed to transform and automate internal audit processes. It enables audit teams to centralize documentation, automate testing, and evidence collection, and gain real-time visibility into risk and compliance status. With customizable workflows and configurable dashboards, the solution supports efficient audit planning, execution, and reporting. Its integration capabilities help align audits with organizational risk frameworks, increasing audit quality and responsiveness to evolving compliance requirements.

Features and Capabilities

• No-code platform enabling rapid customization: Users can quickly build and modify audit workflows, checklists, and processes without any coding knowledge, allowing audit teams to adapt to changing business needs and compliance requirements swiftly.
• Centralized audit repository: All audit-related documents, including audit plans, procedures, findings, and supporting evidence, are stored in a single, secure location, ensuring easy access, version control, and consistency across the organization.
• Automated control testing and data collection: The system automates routine control tests and gathers evidence digitally, significantly reducing manual effort, minimizing errors, and accelerating audit execution timelines.
• Real-time dashboards and dynamic reporting: Provides interactive dashboards with up-to-date audit progress, risk assessments, and key metrics, enabling auditors and management to monitor status and focus on high-risk areas effectively.
• Workflow automation for task management: Tasks such as assignments, reminders, escalations, and issue tracking are automatically managed within the platform, ensuring audit activities proceed smoothly and audit issues are resolved promptly.
• Seamless integration with risk and compliance tools: LogicGate Internal Audit connects with existing GRC (Governance, Risk, and Compliance) systems, enabling a unified approach to risk management and better alignment between audit and organizational risk frameworks.
• Risk-based audit scheduling: Audits can be scheduled and prioritized based on the organization's risk profile, allowing resources to focus on the most critical areas and improving overall audit effectiveness.
• Support for continuous auditing and monitoring: Facilitates ongoing audit activities rather than just point-in-time reviews, promoting proactive risk identification and timely issue detection.
• Configurable audit templates, checklists, and scoring models: Auditors can tailor templates and scoring criteria to fit specific regulatory requirements or internal standards, enhancing flexibility without requiring IT involvement.
• Collaborative environment for cross-team communication: The platform encourages interaction between internal audit, risk management, and compliance teams through shared workspaces, comments, and notifications, fostering transparency and teamwork.
• Comprehensive audit trail and documentation management: Maintains detailed records of all audit actions, changes, and approvals, supporting compliance with regulatory mandates and simplifying audit readiness.
• Configurable alerts and notifications: Customizable alerts help ensure timely completion of audit milestones, prompt follow-up on findings, and reduce the risk of overdue or missed tasks.