Find the risks in your company. Instantly.

AuditMap is the preferred choice of internal auditors from around the world. Our AI engine automatically reviews all the relevant documentation to identify risks and risk trends across your organization.

A Risk Insights Platform

The AuditMap Risks Engine analyzes all uploaded documents for indicators of risk that will help you plan and conduct your audits.

Cloud Server

Cloud & On Premise Install

Cloud Secure

State-of-the-Art Security

Audit

Powerful Search

Inovation

Proprietary AI Engines

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Instant Document Assessment

Data Analytic

Expose Insights

AuditMap: Ready for Your Next Audit.

Upload & Analyze
Your team uploads your audit reports and other documents to the platform. The AI engines then analyze every sentence to flag key sentences.


Identify & Categorize

The system pinpoints risks, controls, and recommendations within your reports for you to review. Evaluate your risks and controls against industry best practices..


Engage & Export

Condense and share the most urgent findings identified to inform stakeholders. Discover the red flags that require corrective and preventive actions. Review the performance of programs and activities over time.

How Can AuditMap Help The Financial Sector?

Identify emerging risks & new threats

While many areas of concern historically always take priority, emerging and atypical risks may be missed or ignored, as less interesting functions could be left unaudited. The risk trends and quantification against relevant documentation allow for a clear historical coverage gap of all past audits. Reporting on the number of risks and relevant documents (per year) will advise auditors on recommended levels of effort for better outcomes.

Navigate risk trends

The banking risk landscape is changing fast, and internal audit teams are hard-pressed for resources and competencies to meet the assurance demands of its stakeholders. Additionally, rapidly changing teams may leave poor knowledge transfer within the organization. By consolidating all of your past reports, AuditMap identifies key findings and observations, giving you the ability to review an entire department’s history in a just a few hours.

Identify missed areas of concern

Corporate communication becomes more difficult in the banking industry, as auditors need to keep balancing corporate objectives against regulatory obligations. The ability to identify risks and improvement recommendations from previous and present audit reports can then be communicated with all relevant management teams. Internal auditors and risk managers can now revisit and navigate all past opportunities for improvement.

What can auditMap do for the public sector?

risk-based audit planning

Review risks and risk trends of your team and other departments’ programs to capture lessons learned and potential coverage gaps. Combining with emerging risks, AuditMap can support your team through your next audit cycle.

Verifiability & Assurance

Our artificial intelligence models are designed to work in conjunction with modern auditors, not replace them. Humans will always have the final say on every risk identified.

customization & tailoring

Understanding the uniqueness of your audit universe requires depth of knowledge and experience. Let the AuditMap team integrate your universe in our platform’s automated workflows, and expand your visibility through time and through functions.

Dynamic Risk Register

What risks beyond your master risk register recur every year? What areas of your organization have not been audited recently? Dynamically build your risk register by retrieving and filtering historical issues and threats to your organization, so that you may offer the utmost quality of service to your citizens.

AuditMap Use Cases

Internal Audit

Review all of your internal reports to identify unmitigated risks and trends relevant to your organization. Sort by year, type, and topics.

Risk Management

Review public filings of industry- and sector-specific public companies for the latest awareness of emerging risks.

Internal Controls

Identify all reported controls from your standard operating procedures to ensure effectiveness and coverage of your operations.

frequently asked questions

AuditMap automatically identifies risks and risk trends within internal audit reports without the need for manual tagging of labels. Instead of identifiying keywords, AuditMap automatically classifies sentences based on various proprietary algorithms, including sentences structures preferred by internal auditors when discussing risk.

The advantages of using sentence classifiers as opposed to keywords is the additional flexibility when handling never-before-seen topics.  This means that if a new topic or branch of the organization will be automatically classified even if it has never been present within the AuditMap ontology universe.

Working closely with our clients, we identified two major usage phases with our platform.

First, there is both excitement and dizziness from the ability to navigate all of the documented risks and coverage gaps within the organization; this phase is usually only a few weeks long, at which point clients rely more and more on the speed of the platform to make real-time decisions.

Second, due to the transformative nature of our approach, clients soon realize that all behaviours are no longer necessary; for instance, a dynamically generated risk register does not require continuous manual effort, just like a dynamic risk and control matrix is no longer a work product set in stone.

Our platform allows the encoding of key pillars of certain industry standards and risk management frameworks. This means that we are able to retrieve risks and risk trends against particular objectives and controls.

However, it is important to remember that many of these standards call for ongoing vigilance, monitoring, and adaptation. Here are a few examples:

  • ISO 31000:2018, section 5.7.2: “The organization should continually improve the suitability, adequacy and effectiveness of the risk management framework and the way the risk management process is integrated.”
  • ISO 27001:2017, section 4.3: “The organization shall determine the boundaries and applicability of the information security management system to establish its scope.”     


AuditMap accelerates and alleviates the tediousness of navigating historical risks, which means that you can go back doing what you do best – being human.

By its very nature, risk is a probability. It is not a binary state. Our platform categorizes the following statements under the risk category:

  • process level risks, which indicate failure to adhere to a prescribed process;
  • management level risks, where there might be an absent process that could threaten the achievement of corporate objectives;
  • enterprise level risks, where the state of existence of the organization may be under threat, such as environmental or reputational damage;
  • drivers of risk, where the environment in which processes exist might exacerbate the opportunity for risks to materialize; and
  • opportunities for improvement, where recommendation alludes to a process which is inefficient or ineffective.

AuditMap provides the ability to navigate documentation against topics and entities, which can be mapped out to the prescribed audit universe. 
However, our recommendation is to encode the audit universe after a few months of usage of the platform, so that audit coverage gaps may be identified, risk trends established, and the structure of the existing audit universe assessed.

Many audit compliance platforms today focus on the manual entry of risks in order to create dashboards and reports. Our tool retrieves risks from internal reports and public sources to provide better risk awareness. Most of our clients use both tools of the same time, where reporting is done on their existing audit compliance platform, and audit planning support is provided through our tool.

We already have integrations available for many audit compliance platforms. Contact us to learn more.

No.  AuditMap comes with a set of models that can identify risks and risk trends without any retraining need. 

Sometimes, our clients ask for additional customizations, such as unique risk management frameworks.  This is on a case-by-case basis.  Please contact us to learn more.

what our clients say

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Ottawa, ON K1Z 5L5

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