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Meycor COSO AG is a tool aimed at supporting the assessment or the implementation of an effective and efficient internal control system, fully complying with the requirements of the COSO Report.
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The Meycor COSO AG software is a methodology tool that enables you to:
- Show due diligence and increase the probability of achieving your objectives.
- Manage risks systematically and easily by adhering to the ISO 31000 standard.
- Implement an Internal Control system based on COSO I & COSO II.
- Plan and execute risk-based and general audits.
Meycor COSO AG allows you to:
- Use a workflow methodology to identify threats that may affect objective compliance, with sample threat databases included.
- Perform qualitative and quantitative risk assessments.
- Define metrics to determine the Risk Exposure index.
- Identify and self-assess current controls, providing treatments for their improvement.
- Assess the perception of the different business units regarding the Internal Control system.
- Follow-up the proposed action plans.
- Define the Maximum Acceptable Risk.
- Create audit projects, assign resources and generate reports.
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