Matrix report in Audit Workspace

Matrix report is a structured report that you can configure to view in a grid or table format in the Audit Workspace. You can use the matrix report to analyze relationships between different objects, for example assessing risks and controls.

The matrix has rows and columns, where each row represents the object of the configured columns. The columns contain details such as name, descriptions, owner, risk ratings, and other data points.

You can have a Matrix report such as Risk and Controls Matrix, which is used in audits to assess and document risks and the internal controls designed to mitigate those risks. The matrix serves as a structured framework to evaluate the effectiveness of an organization's control environment and identify gaps that might expose the organization to potential risks.

Auditors use this matrix to verify that all significant risks have appropriate controls in place and are functioning effectively.