CCH® TeamMate — TeamRisk Risk assessment software that works the way you do
Risk based auditing
TeamRisk is a powerful risk assessment tool that works the way you do, letting you decide what works best as you design, perform and report your risk assessment.
TeamRisk assists auditors in creating risk assessments that are compatible with the following auditing standards:
Institute of Internal Auditors: “Standards for the Professional Practice of Internal Auditing”
Basel Committee on Banking Supervision: “Internal Audit in Banks and the Supervisor’s Relationship with Auditors”
COSO Report: “Internal Control – Integrated Framework”
The King Code of Corporate Practices and Conduct 2002
Turnbull Committee
TeamRisk integrates with TeamSchedule and TeamMate® EWP:
Projects identified during the risk assessment can be scheduled in TeamSchedule.
Audit working paper files can be created for identified projects in TeamMate EWP.
TeamRisk’s integration with TeamSchedule and TeamMate EWP means that project profiles and detailed risk assessment results captured in TeamRisk flow through to other parts of the CCH TeamMate Suite.
Design
Design your risk assessment to mirror your organization.
Populate your Risk Universe with Objectives, Risks and Controls
Determine Scoring Formulae and Scoring Bands
Choose Scoring Metrics, like Impact and Likelihood, which best describe your approach to risk determination
Decide on Metric Dimensions to view Risk Factors before control (Inherent), after control (Residual) or both
Stipulate Custom Measures to add a dimension of Importance to Business Units and Processes
Define Project Categories (aligned with TeamSchedule and TeamMate EWP categories)
Define User Roles and Access Levels
Perform
Capture Custom Measure values for the organization under review
Select Objectives, Risks and Controls from the Risk Universe
Link Risks to affected Entities and score on an Inherent and/or Residual basis
Comment on assessments made on a per-risk basis
Attach Supporting Documentation to assessments
Filter Objectives and Risks for the entire Enterprise or for a specific Organizational Entity
Build a Project File
Once assessments have been performed, an easy to use, graphic rich project selection wizard guides auditors in the identification of higher risk entities and functions that are to receive audit attention.
Project files containing work programs and work papers are created based on information in the risk assessment database, and are automatically populated with a Risk Assessment Detail (RAD) Report, highlighting risks and controls for auditors to address.
Report
TeamRisk’sheat-map formatted Audit Universe Viewer makes it easy to identify Organizational Units and Business Processes that require audit attention.
Automatically produce an Annual Audit Plan with Supporting Project Details schedules, based on your risk assessment.
In addition to these, a range of narrative and graphical report templates are available, including:
Risk Assessment Detail Report
Audit Universe Heat Map Report
Risk Matrix Report
Risk Category Heat Map Report
Report Templates are customizable, allowing you to tailor layouts that conform to your reporting standards.
Reports can be exported to the following formats: PDF, Excel, HTML and RTF.
