From audit universe to assurance insight.

FalconryAudit connects risk-based planning, engagement delivery, workpapers, control testing, findings, remediation and continuous assurance—so Internal Audit can focus its effort where the organisation needs confidence most.

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For Chief Audit ExecutivesSee coverage, delivery, findings and assurance without rebuilding the story outside the system.
For audit teamsPlan, execute, review and follow through in one governed audit environment.
Risk-based planningAlign the audit universe to changing enterprise risk.
Engagement deliveryManage scope, testing, evidence and review.
Findings & actionsKeep remediation accountable through closure.
Continuous assuranceUse live risk and control information beyond periodic audits.
Committee reportingTurn audit records into decision-ready assurance views.
The internal audit challenge

Audit teams lose time when planning, testing, findings and reporting live in separate places.

Static annual plans, disconnected workpapers and manually compiled committee packs make it harder to respond when risk changes. The problem is not simply workflow efficiency—it is maintaining a reliable line of sight from enterprise risk to assurance coverage and action closure.

01

Plans age quickly

The annual plan can become disconnected from emerging risk, incidents and control deterioration.

02

Evidence is repeatedly collected

Audit requests duplicate information already captured by risk, compliance and control teams.

03

Findings lose context

Remediation is tracked away from the underlying risk, control and audit conclusion.

04

Assurance is reported periodically

Committees receive a backward-looking view rather than a connected picture of current coverage and unresolved exposure.

Why FalconryAudit is different

Audit what matters. Assure continuously.

FalconryAudit is connected to the wider Falconry360 risk and control environment. That means audit planning can draw from live enterprise risk, engagements can reuse governed evidence where appropriate, findings can feed common remediation, and assurance conclusions can be viewed alongside the risks and controls they address.

Risk-informed by designUse the enterprise risk universe, KRIs, incidents and issues to inform planning and prioritisation.
Evidence without duplicationReuse relevant governed evidence and control information instead of starting each engagement from zero.
Findings stay connectedLink findings to controls, risks, owners, actions and closure evidence throughout remediation.
Assurance beyond the audit cycleCombine periodic engagements with continuous signals, open issues and control status.
The FalconryAudit operating model

From audit universe to committee assurance—without breaking the chain.

FalconryAudit supports the full audit lifecycle while keeping the relationship between risk, scope, testing, evidence, findings and remediation visible throughout.

Audit Universe
Risk Assessment
Audit Plan
Engagement
Testing
Finding
Action
Assurance

The same record can also connect auditable entities, processes, controls, evidence, owners, root causes, recommendations, management responses and committee reporting.

What FalconryAudit helps you do

Run Internal Audit as a connected assurance function—not a sequence of isolated engagements.

Build the audit universe

Structure auditable entities, processes, systems, risks and ownership so planning starts from a governed universe.

AUDIT UNIVERSE

Plan on risk

Prioritise coverage using enterprise risk, audit history, management concerns and assurance gaps.

RISK-BASED PLANNING

Execute engagements

Manage scope, programmes, workpapers, evidence, reviews and sign-offs in one engagement workspace.

ENGAGEMENT MANAGEMENT

Test controls

Document procedures, samples, results, exceptions and reviewer conclusions with clear traceability.

TESTING & WORKPAPERS

Drive remediation

Link findings, root causes, recommendations, responses and evidence of closure through accountable workflows.

FINDINGS & ACTIONS

See assurance coverage

Understand where assurance exists, where gaps remain and how open findings affect confidence across the enterprise.

CONTINUOUS ASSURANCE
Inside FalconryAudit

See how audit records become assurance insight.

Each view below represents a distinct part of the audit operating model rather than a generic dashboard.

Falconry360 Risk-Based Audit Planning dashboard
Audit universe & plan

Plan coverage from current risk—not last year’s spreadsheet.

Use a governed audit universe and risk view to prioritise engagements, understand coverage and expose assurance gaps before the plan is approved.

  • Auditable entities and risk scoring
  • Annual and rolling plan views
  • Coverage and assurance-gap visibility
Falconry360 Audit Engagement Workspace dashboard
Engagements & workpapers

Keep scope, testing, evidence and review in the same engagement record.

Give audit teams a clear workspace for execution while preserving reviewer visibility and evidence traceability.

  • Programmes and procedures
  • Workpapers, samples and exceptions
  • Review notes and approvals
Falconry360 Findings and Remediation dashboard
Findings & remediation

Keep every finding connected until the underlying issue is actually closed.

Track root cause, recommendation, management response, accountable owner, due date, closure evidence and validation without losing the original audit context.

  • Root cause and recommendation
  • Management action and escalation
  • Closure evidence and validation
Falconry360 Continuous Assurance dashboard
Continuous assurance

Move from periodic status reporting to a live view of assurance coverage.

Bring together audit activity, control status, open findings and risk signals to understand where confidence is strong and where further assurance is needed.

  • Assurance coverage by domain
  • Thematic risk and finding analysis
  • Committee-ready reporting
FalconryX · Inside Falconry360

AI that helps audit teams focus on judgement.

FalconryX supports governed audit work by helping teams analyse risk information, prepare scopes, summarise workpapers and findings, identify themes and draft decision-ready reporting. Human review and professional judgement remain central.

Risk-informed scopingSurface relevant risks, controls, issues and prior findings when planning an engagement.
Workpaper assistanceHelp summarise evidence, testing results and exceptions while preserving source traceability.
Finding & theme analysisIdentify recurring root causes, control weaknesses and cross-engagement themes for review.
Committee narrativesHelp turn live audit records into concise management and Audit Committee commentary.
Professional standards & control environments

Support assurance work across recognised audit, risk and internal-control frameworks.

FalconryAudit can be configured around the organisation’s audit methodology, regulatory environment and assurance obligations. The examples below are representative rather than exhaustive.

IIA Global Internal Audit StandardsCOSO Internal ControlCOSO ERMISO 19011ICFR / SOXRegulatory Internal Audit RequirementsThree Lines ModelCombined Assurance
See the Regulatory & Framework Library →
Where FalconryAudit creates value

Representative priorities—not the limit of the audit operating model.

FalconryAudit can support different audit strategies, methodologies and assurance models. These areas show common starting points without defining the limits of the proposition.

Priority area

Risk-based annual planning

Build and refresh the plan using changing risk, assurance gaps and management priorities.

Priority area

Engagement execution

Standardise scope, programmes, workpapers, evidence, review and approval across the function.

Priority area

Control testing

Document procedures, populations, samples, exceptions and conclusions with repeatable evidence.

Priority area

Findings & remediation

Maintain accountability from finding and root cause through action, validation and closure.

Priority area

Continuous assurance

Use live risk, control and issue information to identify where further assurance may be needed.

Priority area

Audit Committee reporting

Present coverage, themes, findings and unresolved exposure from the governed audit record.

Built for:Chief Audit ExecutivesAudit & Risk CommitteesInternal Audit DirectorsAudit ManagersAssurance Teams

See how FalconryAudit connects planning, execution and assurance.

Explore FalconryAudit against your audit universe, methodology and assurance priorities.

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