Internal Audit· Nextera 06
Nextera Trace
The internal audit platform for planning, execution, findings and follow-up.
Overview
Nextera Trace is an internal audit platform covering audit planning, execution, findings, recommendations, follow-up, the audit universe and reporting.
Trace manages the full internal audit cycle in one place — from the audit universe and annual planning through execution, findings, recommendations and follow-up to close.
Capabilities
- Audit planning
- Build the annual audit plan from the audit universe, prioritised by risk.
- Audit execution
- Run each engagement — scope, fieldwork and working papers — in one place.
- Findings & recommendations
- Record findings, rate them and agree recommendations with management.
- Follow-up tracking
- Track agreed actions to closure, with status visible in real time.
- Audit universe
- Maintain the full universe of auditable entities and processes that planning draws from.
- Audit reporting
- Produce engagement and committee reporting from the same underlying data.
Outcomes
- 1
- view of the audit universe
- Real-time
- follow-up status
- Faster
- audit reporting
FAQ
Frequently asked questions
Does Trace cover the full audit cycle?
Yes. Trace runs the internal audit cycle end to end — from the audit universe and annual plan through execution, findings and recommendations to follow-up and close.
How are agreed actions followed up?
Recommendations become tracked actions with owners and due dates, and their status is visible in real time rather than reconstructed at the next audit.
Where does the annual plan come from?
The plan is built from the audit universe — the full set of auditable entities and processes — and prioritised by risk, so coverage is deliberate rather than ad hoc.
Who is Trace built for?
Internal audit functions, audit committees, and governance and risk teams that need one view of planning, execution and follow-up.
Ready to Get Started?
Schedule a personalized demo to see how our solution can address your specific needs.