Optimize Internal Audits with Krista Audit Assistant

document-understanding

Internal Audit Professionals Under Pressure

Internal audit professionals face numerous challenges, including understaffed departments, slow client responses, high staff turnover, and mounting pressure for greater insights. The need to scale operations, provide valuable insights, and complete more internal audits is undeniable, but limited time and scalable processes hinder progress, leaving professionals struggling to manage their workload effectively.

"Krista’s sweet spot is where multiple people and system capabilities must be orchestrated to perform a valuable business outcome, especially where changes to the process are frequent and machine learning could be applied to optimize the process."

Tom Reuner, HFS Research

Hindered Performance and Lost Opportunities

As the demand for broader audits, actionable insights and need for risk awareness grows, the limitations of current processes become glaringly apparent. Understaffed teams and slow responses prolong audit timelines, while high turnover further strains resources. These challenges prevent audit professionals from unlocking their full potential, leading to lost opportunities, missed insights, reduced organizational effectiveness and greater exposure to risk.

Issue-Resolution-Solution

Krista Audit Assistant: Your AI-Powered Audit Partner

Krista Audit Assistant is a revolutionary AI-powered automation solution designed to alleviate the pressures faced by internal audit professionals. Krista is a configurable, conversational AI audit assistant that reads client-provided data or integrates with backend systems to answer audit questions, identify areas of non-compliance, create follow-up actions, and audit summaries while automating operations.

Unlike other AI tools that only recommend audits based on risk but still leave professionals overwhelmed in the field, Krista streamlines the audit process, amplifies resources, and delivers better insights. With Krista Audit Assistant, you can optimize your internal audits, overcome resource constraints, and elevate your organization’s audit capabilities.

Krista Provides a Path to the Automated Organization

Optimize Internal Audits with Krista Audit Assistant

Broaden Audit Scope

Krista expands your internal audit capabilities by automating data and information gathering and document processing during audits.

Enhance Compliance Insights

Immediately align issues and findings with compliance and regulatory requirements to ensure that key insights are quickly and accurately identified.

Improve Resource Management

Krista maximizes audit team efficiency and expands its reach creating more time for auditors to analyze and assess risk.

Automate Audit Follow-Up Actions

Krista automatically creates tickets and findings and manages action-oriented procedures when issues are found.

Other available resources

Risk Management Challenges with Third-Party Supply Chains

In today’s global economy, companies rely on complex supply chains to bring their products to market. With so many suppliers involved, it can be challenging for businesses to keep track of potential risks in their supply chain. Third-party supply chain risk is a significant concern for many organizations, and they are constantly looking for ways to manage it effectively. Here, we explore what third-party supply chain risk is, how companies measure it, and why it is challenging. We will also discuss ways companies can improve the process...

SEC proposed cybersecurity rules

SEC Proposes New Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure Rules

The Securities and Exchange Commission (SEC) recently released a proposed rule that would require public companies to implement new cybersecurity risk management and disclosure measures.¹ The proposed SEC cybersecurity disclosure rules aim to modernize and standardize the SEC’s approach to cybersecurity risk management by updating and expanding its guidance to companies regarding their disclosure obligations and internal controls...

Prioritizing Your AI Projects

ChatGPT’s recent popularity is causing business leaders to ask for more AI apps. The demand inside enterprises is so high chief information officers say they cannot keep up since building, training, and rolling out AI models is so expensive and takes too much time. Business leaders have seen generative AI and it has changed their expectations. Now that they have seen it, they are asking how to incorporate generative AI functionality like ChatGPT into the enterprise. However, the sudden demand has flooded the CIO’s organization with very challenging project requests. They cannot say “yes” to all of the requests...

Contact us to see how Krista can transform your tech--not your people.

Guide:  How to Integrate Generative AI

Close Bitnami banner
Bitnami
Close Bitnami banner
Bitnami