Continuously monitor and audit the risk status of your organization
EY Virtual Internal Auditor (EY VIA)’s Risk Monitoring engine continuously monitors and audits the risk status of the organization, supporting internal auditors to focus on existing red flags and upcoming issues that pose a significant future risk.
EY VIA uses EY proprietary tools including EY Global Risk and Compliance (GRC) capability for risk assessment and data analytics toolset to execute analytics with pre-interpreted results and comparison against EY benchmarking data.
Risk is monitored through three functions:
- Analytical test procedures: Cover your transaction-based operational processes, IT general controls and application-based configuration controls with pre-built and configurable test procedures, alongside capabilities to build your own customized tests
- Benchmarking: Compare your results of analytical procedures against EY benchmarks to determine your risk exposure
- Dashboards: Easily understand your results through data pre-interpretation supported with filter capabilities and drill down and aggregation functionalities