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Audit migrates to MetricStream platform

Fueled by passion for better ways, AEV Group Internal Audit together with its counterparts in AboitizPower, Pilmico, and AboitizLand, leapfrogs into the modern MetricStream-based Audit Management System infrastructure.

The new Audit Management System (AMS) migrates to a single, unified platform powered by leading governance, risk and compliance software company MetricStream Inc. Today, AEV uses the cloud-based, fully integrated system for audit planning, risk assessment, resource management, workpaper management, and for lifecycle tracking of audits, issues, and remediation. The AMS allows end-user flexibility via its robust dashboards. It also features offline work and monitoring capabilities, with the latter ensuring closed-loop remediation of issues, findings, and actions through “action owner” tagging. The system’s success relies not only on how the audit team uses the system, but more importantly, on how the “action owner” responds and resolves the escalated issue.

With the newly installed AMS, Internal Audit is geared up to providing quality customer service as the preferred assurance PARTNER (Proactive, Adds Value, Reliable, Trusted, Neutral, Empowered and Relevant). The AMS project is another fulfillment of its team mantra of bridging value-creation through meaningful insights.