The Corporate Digital certification process leverages on the identified risk information for line management to independently verify and provide assurance to the Risk & Internal Audit function and the Board on the accuracy and completeness of risk information. The module also forms the core function to automate the Approval Workflow process throughout the TricorRadar system.
The Corporate Digital Assurance (CDA) module is an assurance enabler, which automates the reporting process and enables assurance on risks, controls and management actions to be provided from a bottom-up approach, from the line management through to Top management, RMC and the Board.
The CDA module leverages on the core CRS module risk database and the risk “ownership” concept to drive a powerful and flexible assurance process. Through this approach, the CDA module provides valuable assurance to the Risk Management Committee & the Board of Directors before signing the Statement on Internal Control.
What the system can do for you
Some of the key functionalities of the CDA module includes:
- Embeds an approval workflow process to ensure a systematic risk reporting and sign-off process.
- Supports the CRS module process through automating a regular risk reporting process without manual intervention.
- Centrally track risk responses across the Organization.
