Palo Alto, CA (PressExposure) April 16, 2012 -- MetricStream, the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions announced that they will be speaking along with Toby Shore, Treasurer and Chief Risk Officer, Dubai Aluminum Company Limited (DUBAL) at the Annual Regional Gulf Audit Conference titled "Riding the Crisis Wave, Challenges and Opportunities." The conference will be held on April 16-17, 2012 in Dubai. During the two day conference, distinguished speakers and experts in internal Auditing, risk management and corporate governance will provide insights for audit professionals and key decision makers of leading organizations.
With fresh revelations of financial fraud and corruption within organizations, and regulatory bodies implementing stricter governance and compliance mandates, the need for a robust internal audit system has become crucial. Internal auditors find their scope of responsibilities increasing. While keeping a tab on changing norms they also need to identify and proactively communicate audit gaps to protect their companies from hefty penalties. MetricStream and Mr. Shore will provide valuable insights on how internal auditors can align GRC and enhance organizational value in the midst of a stringent regulatory environment.
Speaking about their Audit Management offering, MetricStream's CEO, Shellye Archambeau says, "MetricStream's Internal Audit Management Solution is based on a single, enterprise-wide platform approach that seamlessly integrates GRC processes with each other and with the overall business objectives. The solution also provides real-time visibility into risks and controls, and is embedded with best practices, standards and guidelines that helps internal auditors eliminate redundancies, enhance collaboration, and promote efficiency."
With a growing customer base in the Middle East, MetricStream's Internal Audit Management Solution has enabled established organizations across Saudi Arabia, Bahrain, Oman and the UAE to manage their audit systems more effectively. The solution provides advanced features and functions like workflow automation, flexible reporting, email-based notifications and alerts, and offline auditing which help audit managers identify control gaps, as well as trends and opportunities for improvement, and communicate them to the management. This, combined with the integrated approach of mapping all risks to organizational goals, policies, auditable entities, controls, assessments, and action plans helps auditors identify and monitor the most critical controls and risks, and provide valuable risk-based advice to the Board.
Says Shankar Bhaskaran, GM and VP of International Business Operations at MetricStream, "With organizations venturing into newer markets and geographies, the need for a truly global audit management framework has become essential. MetricStream provides a scalable and Web-based solution that can be accessed by internal auditors from anywhere across the global enterprise, while our rapid deployment model allows the solution to be up and running in no time."