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Testing Internal Controls to Detect Fraud

The new BWise internal audit module of its GRC platform detects fraud and reduces risk.

By Staff Writer | Updated on July 14, 2008

Companies can detect fraud and reduce risks by testing the design and effectiveness of internal controls with a new internal audit module of the BWise governance, risk and compliance (GRC) platform. BWise Internal Audit also streamlines the compliance process by linking internal audit and business management. Companies can re-use previous audits and audit best practices through a secure Web environment. Other capabilities include audit planning, audit workflow management and audit reporting as well as resource allocation, and findings and issue management.

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