Busting Myths About GRC Tools: Why Automatic Auditing is the Next Evolution in Compliance
Busting Myths About GRC Tools: Why Automatic Auditing is the Next Evolution in Compliance
Not all compliance tools are created equal—here’s why automated auditing is a game-changer.
With the rise of GRC (Governance, Risk, and Compliance) tools, organizations worldwide are better equipped to manage compliance tasks. However, misconceptions about what these tools can actually achieve often lead companies to adopt them with misplaced expectations. GRC tools streamline compliance management, but they’re not designed to fully automate the auditing process. This article will explore some of the most common myths surrounding GRC tools and why automated auditing represents a distinct, necessary evolution.
Myth 1: “Set It and Forget It” - GRC Tools Fully Automate the Auditing Process
One of the biggest misconceptions is that GRC tools handle everything required for an audit, including data collection, testing, and reporting. While GRC tools are excellent for organizing compliance requirements, tracking documentation, and preparing for an audit, they don’t conduct the audit itself. Instead, they act as a compliance management system, leaving most of the audit process—like evidence collection, testing, and reporting—to be performed manually or by an auditor.
How TurboAudit Differs:
Myth 2: Compliance Achieved – GRC Platforms Are Enough to Ensure Compliance
GRC tools support compliance management, but they don’t guarantee it. Compliance involves a complex set of controls, real-time data monitoring, and timely updates that GRC platforms can support but cannot fully enforce. Companies still need to perform regular audits, check for policy effectiveness, and ensure controls are adequately enforced.
How TurboAudit Differs:
Myth 3: Time Saver? GRC Tools Eliminate Manual Audits
While GRC tools undoubtedly streamline many tasks associated with compliance, they don’t eliminate the need for manual audits. Compliance documentation might be automatically updated, but auditing remains a time-consuming, labor-intensive process involving document review, control checks, and evidence collection. These steps still require human intervention or a lengthy external audit process.
How TurboAudit Differs:
Myth 4: “All-in-One Solution” - GRC Tools Cover Every Compliance Need
GRC tools are often advertised as complete solutions for compliance management. However, they are often focused on task management, documentation, and preparing companies for audits rather than conducting the audits. They are invaluable for organizing compliance activities but are limited when it comes to actual audit execution.
How TurboAudit Differs:
Myth 5: “Complete Automation” - All GRC Tools Use the Same Level of Automation
GRC tools employ automation primarily for repetitive tasks, like sending reminders or managing document workflows. However, this level of automation doesn’t extend to audit activities, such as testing controls or generating findings reports. Many companies still find themselves with significant manual work to conduct a full audit.
How TurboAudit Differs:
Why Automatic Auditing is the Next Step for Compliance
Traditional GRC tools are invaluable for compliance management, but they don’t fully address the demands of modern audits. Automated auditing is the solution to this gap, offering a streamlined, efficient approach to compliance checks that were previously manual and resource-heavy. By focusing on audit execution, TurboAudit eliminates the need for companies to rely solely on human auditors, reducing costs, improving accuracy, and providing real-time insights that traditional GRC tools simply can’t match.
In Summary
The future of compliance is not just about preparing for audits; it’s about automating them. TurboAudit gives companies the tools to move beyond compliance checklists and make audits a proactive, automated part of their strategy. By clearing up the myths around GRC tools, we hope to show organizations that true compliance automation involves a step beyond task management and documentation—it’s about making the audit itself automatic.