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Using Evolving Technologies to Improve Collaboration: How GRC Software Can Support Risk Management and Internal Audit

​The report looks at GRC technology today and tomorrow; emerging GRC technology use cases; movng to an integrated architecture; and maintaining independence. 

Foundation The IIA Jul 28, 2021

To stay relevant in today’s business environment, internal audit functions must maintain an innovative mindset, update existing audit methods, and use evolving technologies such as governance, risk, and control (GRC) to improve collaboration.

This report shares how GRC software can support risk management and internal audit, and explores practical applications of GRC from a value perspective across The IIA’s Three Lines Model.

This report includes:

  • GRC Technology: Today and Tomorrow
  • Emerging GRC Technology Use Cases
  • Moving to an Integrated Architecture
  • Maintaining Independence

It also explores the importance of zero-code and low-code applications and demonstrates ways assurance functions can harness future value.

The IIA

The Institute of Internal Auditors