RiskTech Forum

Wolters Kluwer Audit, Risk & Compliance Forms Strategic Alliance With The Association Of College And University Auditors

Posted: 22 July 2014  |  Source: Wolters Kluwer


Wolters Kluwer Audit, Risk & Compliance announced today that it has entered into a strategic alliance with the Association of College and University Auditors (ACUA), a professional organization comprised of audit professionals worldwide that serves as a primary resource for higher education auditing, regulatory compliance and risk management.

Under this agreement, ACUA members are able to leverage the critical mass of university members already using TeamMate when executing new TeamMate licenses. ACUA members using TeamMate will have access to the ACUA Risk Directory in TeamMate format for streamlined usage in their audit planning and execution.

"ACUA's strategic relationship with TeamMate demonstrates our commitment to helping our members address and improve their risk mitigation efforts, internal control processes and compliance monitoring systems," said Douglas Horr, president, ACUA. "As the higher education environment continues to grow in complexity, we will continue to strive to provide our members access to resources, such as TeamMate, that enable them to meet these key challenges."

As risk management becomes a more pressing concern for many organizations, internal audit teams are increasingly being asked to offer input earlier in the decision making process. This emerging advisory role is calling on different skill sets and requiring improved efficiency for internal audit teams.

"Internal auditors today have the opportunity to move away from a traditional role to a more transformational role that contributes to an organization's growth and performance," said Mike Gowell, vice president and global general manager, TeamMate. "This alliance reflects a unique opportunity to assist internal audit departments from schools of all sizes as they navigate this new territory."

TeamMate is the world's most widely-used audit management system, with more than 95,000 auditors and over 2,200 organizations using the solution globally. The TeamMate audit management system helps improve an organization's audit process including: risk assessment, scheduling, planning, execution, review, report generation, trend analysis, audit committee reporting and storage. By providing an integrated paperless strategy for managing audits, TeamMate's audit software eliminates the barriers associated with paper-filled binders and disconnected electronic files, driving efficiencies into all facets of the internal audit workflow.