{"id":7688,"date":"2026-10-27T16:52:52","date_gmt":"2026-10-27T09:52:52","guid":{"rendered":"https:\/\/audithink.com\/?p=7688"},"modified":"2026-10-27T16:52:52","modified_gmt":"2026-10-27T09:52:52","slug":"risk-based-audit-software","status":"publish","type":"post","link":"https:\/\/audithink.com\/en\/blog\/software-audit-berbasis-risiko\/","title":{"rendered":"Risk-Based Audit Software: From Risk Assessment to Audit Plan"},"content":{"rendered":"
\"Risk-based<\/figure>\n\n\n\n

Photo by Sasun Bughdaryan on Unsplash<\/p>\n\n\n\n

Deciding what to audit this year is often harder than auditing it. The list of units and processes keeps growing, while time and the number of auditors are limited. Risk-based auditing answers this problem with one principle: direct audit resources first to the areas with the highest risk.<\/p>\n\n\n\n

Risk-based audit software is software that helps internal audit teams assess the risk of each unit or process, then uses the results to set audit priorities and plans.<\/strong> In Audithink, risk criteria are set to suit the organisation, the system calculates risk based on criteria weights, and the result becomes the basis for the annual audit plan.<\/p>\n\n\n\n

This page explains the workflow, the Audithink features involved, what Audithink does not do, and the standards it refers to. To understand the basic concept first, read the article Know the concept of Risk Based Audit and its examples & stages<\/a>.<\/p>\n\n\n\n

What Is the Risk-Based Audit Workflow in Audithink?<\/h2>\n\n\n\n

The workflow follows the auditor's order of work, from risk assessment to follow-up monitoring.<\/p>\n\n\n\n

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  1. Set risk criteria.<\/strong> The organisation defines the relevant risk criteria and assigns a weight to each criterion.<\/li>\n\n\n\n
  2. Assess risk per unit or process.<\/strong> Auditors assess the risk, then the system calculates the result based on the criteria weights.<\/li>\n\n\n\n
  3. Build the annual audit plan.<\/strong> The plan is built from risk priorities, complete with the scope, timeframe, team members, and budget of each engagement.<\/li>\n\n\n\n
  4. Turn it into audit programs.<\/strong> Work program templates can be reused and adapted for each engagement.<\/li>\n\n\n\n
  5. Record findings and monitor follow-up.<\/strong> Findings and recommendations are discussed with the auditee through notices, then follow-up progress is monitored until completion.<\/li>\n\n\n\n
  6. Report on realisation.<\/strong> Reports are generated automatically from the data already entered, and the dashboard shows audit plan realisation, the distribution of findings, and overdue follow-ups.<\/li>\n<\/ol>\n\n\n\n
    Risk-based audit needs<\/th>Relevant Audithink feature<\/th>Reference article<\/th><\/tr><\/thead>
    Assessing risk per unit or process<\/td>Risk assessment<\/td>Risk assessment<\/a><\/td><\/tr>
    Building the annual audit plan from risk priorities<\/td>Audit planning<\/td>Risk based audit<\/a><\/td><\/tr>
    Standardising work programs across engagements<\/td>Work program templates<\/td>Internal audit work programs<\/a><\/td><\/tr>
    Discussing findings and recommendations with the auditee<\/td>Notice<\/td>Audithink features<\/a><\/td><\/tr>
    Monitoring follow-up of recommendations<\/td>Follow-up monitoring<\/td>Follow-up on findings<\/a><\/td><\/tr>
    Reporting on audit plan realisation<\/td>Automatic reports and dashboards<\/td>Audithink features<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    The audit plan and report formats your organisation requires can be confirmed during the demo.<\/p>\n\n\n\n

    What Is the Difference Between Risk Assessment for Audit and Enterprise Risk Management?<\/h2>\n\n\n\n

    The two are often confused. Risk assessment for audit is carried out by the internal audit function to set examination priorities. Enterprise risk management is run by management to manage day-to-day business risk. This division of roles is in line with the Three Lines Model<\/a>.<\/p>\n\n\n\n

    Aspect<\/th>Risk assessment for audit<\/th>Enterprise risk management<\/th><\/tr><\/thead>
    Executor<\/td>Internal audit function<\/td>Management and the risk management function<\/td><\/tr>
    Purpose<\/td>Determining which units or processes to audit first<\/td>Identifying, managing, and mitigating business risk<\/td><\/tr>
    Main output<\/td>Risk assessment results and the annual audit plan<\/td>Risk register, mitigation plans, and risk monitoring<\/td><\/tr>
    In Audithink<\/td>Available: risk assessment and audit planning<\/td>Not provided at this time: risk register, mitigation tracking, and key risk indicators (KRIs)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    What Does Audithink Not Do?<\/h2>\n\n\n\n

    To keep expectations clear: Audithink is not a replacement for enterprise risk management software. It has no risk register, mitigation tracking, or key risk indicators (KRIs). Risk assessment in Audithink is used to set audit priorities, not to manage day-to-day business risk.<\/p>\n\n\n\n

    This page also does not claim direct integration with other risk management systems, so ask about integration needs during the demo. Needs beyond the existing features can be discussed with a Product Expert.<\/p>\n\n\n\t\t

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    What Are the Standards and Regulations Behind Risk-Based Auditing?<\/h2>\n\n\n\n