RSM Risk Monitor: Internal audit and controls management platform
Intelligent audit and controls management for optimized compliance workflows
As audit requirements grow and regulatory expectations increase, it becomes harder to sustain internal audit and controls management programs across spreadsheets, emails and disconnected systems. The challenge stems from the scope of what these programs demand.
Internal audit management is the end-to-end process of planning, executing and reporting on audits to evaluate risk, control and compliance. It spans five continuous phases:
- Planning
- Fieldwork
- Reporting
- Remediation
- Monitoring
This process evaluates the organization's internal control environment. Internal control management encompasses the policies and procedures that help ensure reliable financial reporting, operational efficiency and compliance. Most organizations structure these controls around five components:
- Control environment
- Risk assessment
- Control activities
- Information and communication
- Monitoring
An internal audit and controls management platform consolidates these workflows—testing, evidence collection, issue tracking and reporting—into a single system. RSM Risk Monitor provides this structure through a centralized, cloud-based platform that streamlines audit execution and supports more efficient collaboration without the complexity of a full enterprise governance, risk and compliance (GRC) system implementation.
What RSM Risk Monitor helps you solve:
- Disconnected audit workflows across spreadsheets, emails and tools
- Limited visibility into audit status, control testing progress and remediation
- Inefficient coordination between stakeholders and auditors
- Manual reporting and difficulty producing audit-ready outputs
RSM Risk Monitor key features and capabilities
RSM Risk Monitor is an intelligent, structured technology platform for managing internal audit and controls management activities more efficiently. By combining intelligent automation with RSM’s risk advisory experience, organizations can manage audit workflows, control testing and remediation activities in real time.
Delivered through RSM’s secure cloud environment, RSM Risk Monitor centralizes audit execution, requests, documentation, reporting and issue tracking into a single system. This consolidation allows organizations to improve collaboration across stakeholders and complete audit and compliance activities more quickly, without the complexity of a full enterprise GRC platform.
RSM Risk Monitor capabilities:
Monitor audit and compliance activity in real time to maintain visibility into program status and performance
- View dashboards that reflect current audit and control testing progress
- Track status across multiple audits, controls and initiatives
- Access a complete, up-to-date view of your audit environment
- Align audit activity with risk-based priorities and organizational goals
Manage audit execution and control testing through structured, centralized workflows
- Perform audits and control testing within a single system
- Coordinate fieldwork activities with business stakeholders
- Manage documentation requests and responses efficiently
- Maintain consistency across audit processes and execution
Store and manage audit documentation and workpapers in one accessible location
- Maintain full workpaper history and supporting documentation
- Enable seamless review and validation of completed work
- Help ensure consistency and organization across testing cycles
- Provide a single source of truth for audit and controls management materials
Improve coordination across audit teams, business owners and external stakeholders
- Provide secure access to assigned controls and documentation
- Enable collaboration between internal teams and business owners
- Allow restricted, read-only access for external auditors and regulators
- Streamline communication within a single platform
Generate clear, timely reports to support internal and external reporting requirements
- Create customizable reports aligned to organizational needs
- Generate real-time audit and control status reports
- Produce executive and audit committee-ready outputs
- Export workpapers and documentation in structured formats
Track audit findings and manage remediation activities in a centralized, consistent way
- Capture and monitor issues from audits and control testing
- Assign ownership and track remediation progress
- Provide status updates to management and stakeholders
- Enable timely follow-up through automated notifications
How RSM Risk Monitor enables efficient audit and controls management execution
RSM Risk Monitor is a structured audit and controls management environment that integrates planning, requests, testing, reporting and remediation workflows into a single system, supported by RSM’s implementation and audit experience.
Step 1
Configure audit and control framework
RSM works with your team to define audit plans, control structures and testing requirements within the platform.
Step 2
Execute testing and collect evidence
Audit teams perform control testing and capture supporting documentation directly within Risk Monitor.
Step 3
Track issues and manage remediation
Identified findings are recorded, assigned and tracked through remediation workflows.
Step 4
Generate reports and audit outputs
Results are compiled into structured reports and documentation for internal and external stakeholders.
Business benefits of an internal audit and controls management platform
Increase operational efficiency across teams
Streamline workflows and reduce manual effort, allowing audit, compliance and business teams to focus on higher-value activities.
Improve visibility into program performance
Gain real-time insight into audit, control and remediation activity to better understand progress and identify areas requiring attention.
Enable more informed decision making
Use centralized data and reporting to support clearer, faster decisions across risk, compliance and operational initiatives.
Strengthen coordination across the organization
Align audit teams, business stakeholders and leadership with a shared view of priorities, progress and responsibilities.
Support scalable growth and evolving requirements
Establish a structured foundation that adapts as your organization’s risk profile, regulatory requirements and operations evolve.
Improve consistency across processes and execution
Standardize how audit and compliance activities are performed to reduce variability and improve overall program reliability.
Why partner with RSM for internal audit and controls management?
RSM Risk Monitor centralizes audit execution, documentation, reporting and remediation into a single, cloud-based system—giving organizations a structured alternative to spreadsheets and disconnected tools without the complexity of a full enterprise GRC platform.
With RSM Risk Monitor, teams gain real-time visibility into audit status, control testing and remediation progress. This helps streamline workflows, improve coordination across stakeholders and complete audits more efficiently supported by RSM's deep experience in risk advisory, internal audit and controls management.
Frequently asked questions
Explore our connected risk technology ecosystem
RSM Risk Monitor is one component of a broader set of intelligent technology solutions. Learn more about how each supports a specific part of your risk lifecycle, and how they work together to create a more coordinated approach.
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