Essay About Compliance Management Procedures And Compliance Management

Best Audit Softwares
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In the modern era, Audit Software have become part and parcel of any organization and enterprise. By having such program installed in their systems, the business proprietors and owners feel more convenient in evaluating and assessing their dealings, profits, loses etc. Following is a list bearing some of the best audit software.

Dakota Auditor
Dakota Auditor leverages enterprises to run Environmental, Health & Safety (EHS) compliance management procedures and software. Powered by a library of proficiently translated regulatory substance, Auditor is a rule-based data system. The content consolidation is exceptional to Auditor and is Dakota’s major differentiator.

Features Checklist
Analytics
Compliance Management
Dashboard
Exceptions Management
Internal Controls Management
Issue Management
Multi-Year Planning
Notifications
PDF Conversion
Risk Assessment
Workpaper Management
Conformance Check
Conformance Check provides EHS compliance audit software to cost-effectively verify continuing Environmental, Health & Safety compliance across your intact enterprise. The system affords you to build your regulatory compliance evaluations with its built-in configurable EHS compliance & management system audit protocols originated from US and Canadian EHS regulations.

MKinsight
MKinsight is an effusive customizable Audit Management System that affords complete functionality in these elements: dashboards, annual strategies, audit scheduling, audit management, performance reporting, electronic working papers, recommendation, complete reporting, and much more.

Compliance 360® is a comprehensive software solution that streamlines governance, risk, compliance and internal audit process for organizations of all sizes and geographic diversity. Compliance 360 is designed to make compliance, risk and audit management easier, less costly, and much more manageable – even for organizations in highly regulated industries. With Compliance 360, you have a highly configurable set of modules that help identify gaps and risks, eliminate duplicate efforts and easily maintain the records needed to demonstrate full control of compliance, risk and audit programs. Compliance 360 – Key Modules

Policy Management: Automate full life-cycle management of policies and procedures including customizable workflow for collaboration and approval processes as well as comprehensive document management including version control and audit trails.

Compliance Management: Ensure up-to-date regulatory compliance with proactive monitoring and alerts coupled with compliance assessments to identify and remediate gaps.

Incident Management: Collect incident information using integrated hotline options. Store, and collaborate on all incidents (cases) using automation to streamline the management of investigations. Track the progress of investigations and resolution of potential issues and compile proof of remediation and preventative measures.

Contract Management: Enable proactive management of all contracts including those with vendors, service providers, customers, business partners and more. Facilitate collaboration using customized workflow processes for review and approval.

Internal Audit: Establish an audit system of record with automated processes for all phases of the audit process including assessment and planning, audit work program, workpaper management, documentation of findings, reports and follow-up.

Risk Management: Identify, prioritize and manage risk areas across the enterprise. Automate the assessment of risks and testing of controls using a highly customizable scoring methodology. Link risks to strategic objectives and compliance programs and manage risk mitigation projects.

Third Party Risk Management: Proactively identify potential third party risks, verify that business partners and their employees are compliant, monitor for changes that might create new risks or compliance gaps, and manage the investigation and remediation of incidents. Apply a systematic, ongoing, and risk-based approach to due diligence for anti-bribery and anti-corruption.

SOX Compliance: Manage internal controls for financial reporting while integrating SOX compliance tracking, measurement and monitoring with the enterprise governance, risk and compliance strategy.

Virtual Evidence Room®: Dynamically link all policies, surveys, assessments, attestations, incidents, audits, contracts, projects and tasks directly to laws, regulations, standards and guidelines to demonstrate proof of compliance and ensure a continual audit‐ready state for the organization.

Workflow: Automate processes, reminders, alerts and escalations enabling compliance, risk and audit professionals to minimize their time spent as “traffic cops” and focus on analysis, corrective actions and guidance.

Compliance and Ethics Training: Inspire ethical decision-making through compliance and ethics training and awareness that engages employees and business partners with relevant content.

Disclosures Management: Collect, store, and track disclosure information relating Conflicts of Interest and Gifts and Hospitality via online forms submitted by employees or other business associates, creating a centralized database of all disclosures that is auditable and searchable. Improve communication as disclosures are automatically routed to the proper individual(s) who can approve, deny or request more information in a timely manner. Use the configurable online dashboards and reports for monitoring activity and trends.

Capabilities and Benefits
Support centralized and distributed management structures for optimal efficiency and control
Establish a system-of-record for compliance, risk and audit management
Increase accountability and management visibility
Maintain a continuous state of readiness for audits, surveys and exams
React quickly to changes in laws, regulations, enforcement