Compliance management solutions should provide a fully integrated audit automation system
. This facilitates easy management of risk assessment, planning, scheduling, reporting, issue tracking and administrative functions. With automated controls organizations can use customized solutions for conducting self assessments, quality reviews and risk evaluations. IT-GRC tools provide self auditing capabilities and can support all types of audits including internal audits, IT audits, quality and operational audits, thus reducing the time and cost for organizations.