OpenPages®.

• Position: INTERNAL AUDIT

OpenPages®, a provider of enterprise risk management solutions, has released OpenPages Audit, a fully integrated solution for enterprise risk management (ERM) auditing. It affords internal auditors with the ability to test and validate the broader risk and compliance management activities within their organization, across the entire scope of auditable functions.

Fully integrated into the OpenPages Suite--which includes operational risk, general business compliance and IT risk and compliance--OpenPages Audit "is a key building block in implementing an enterprise-wide risk management approach," the Waltham, Mass.-based company said in an announcement. "OpenPages Audit empowers internal audit departments to champion risk management, acting as a strategic partner or independent overseer to executive management."

Among the application's key benefits, according to OpenPages:

* Advanced Risk Assessment and Audit Planning: Provides users with the capability to conduct enterprise-wide risk assessments and risk-rank the audit universe--by entity, process or risk, or many other factors--according to audit methodology, with full reporting across the entire universe.

* Allows users to define, plan, execute and report on audits, cross-business: Users can track and manage audits, audit phases, workpapers and auditor allocations while automating operations.

* Provides independent assurance to the business as an integrated part of overall ERM efforts: Enables users to opine on management's ERM efforts independently and control access to confidential audits, fields and audit-only views.

* Offers a single platform built on a modern, Web-based interface: Supports best-of-breed capability to manage...