Spotlight on Risk Mapping: How Platformed Automatically Links Controls to Risks

For many firms, linking identified risks to relevant controls remains a manual, spreadsheet-heavy task. Auditors are forced to navigate static control libraries, outdated frameworks, and fragmented client input just to assess whether risks are sufficiently mitigated to reduce the risk of material misstatement.

Platformed automates the entire process. Our Control-to-Risk Mapping feature gives you real-time visibility into inherent and residual risk - without the legwork.

Risk Mapping, Reimagined

Platformed doesn’t just house your controls - it understands them. Using AI, we automatically map controls to relevant risks and align them with leading frameworks like ISA 315, SOX, and more. The result? A dynamic control-risk matrix supporting regulator-compliant risk assessment that updates as your environment evolves.

How Platformed works

1. Real-Time Control-to-Risk Mapping

As soon as evidence is uploaded or controls are defined, Platformed gets to work - analyzing the nature of each control, evaluating its purpose, and linking it to the relevant risks of material misstatement.

• Is this policy mitigating unauthorized access?
• Does this process address data loss or service availability?
• Is this control part of a preventive, detective, or corrective strategy?

Our AI doesn’t just guess - it understands control intent and maps it accordingly, with a full evidence chain.

2. Highlights Gaps and Weaknesses Instantly

Once controls are mapped, Platformed evaluates the degree to which each risk of material misstatement is mitigated:

• Effectively mitigated - control design and operating effectiveness provide persuasive evidence that the risk is substantially reduced
• Partially mitigated - control activity reduces risk, but gaps in design, operation, or testing evidence limit reliance
• Unmitigated - inherent risk remains largely unchanged due to ineffective or absent controls

These insights are generated instantly, providing auditors with a consistent, evidence-based view of residual risk - without reliance on manual cross-referencing, pivot tables, or subjective judgement.

3. Identifies Control Gaps Before They Become Audit Findings

Rather than waiting for an external audit to highlight control gaps, Platformed brings them to the surface early. Our AI flags design gaps, control deficiencies, or absence of mitigating activities, and makes recommendations for remediation based on common industry practices and the frameworks you care about - whether existing or bespoke frameworks.

What Audit Teams Gain

Complete visibility into inherent and residual risk, without manual effort

Platformed’s real-time risk map gives senior audit leaders an instant read on where you’re protected - and where you’re exposed.

A risk-based foundation for audit planning and scoping

Stop guessing which controls matter. Start aligning audit activities with areas of highest risk and weakest coverage.

Fewer surprises, stronger assurance

With Platformed, you can feel assured in auditing processes, knowing your control environment has been evaluated against relevant risks and industry expectations.

Aligned With the Risk Frameworks You Use

Platformed’s risk mapping engine is pre-built with leading frameworks, including:

• ISA 315: identifying and assessing the risks of material misstatement
• SOX: internal control over financial reporting
• Custom and industry-specific risk frameworks

Don’t Just Track Controls - Understand What They Protect

Your controls aren’t just boxes to tick. They’re your frontline defense against real-world risks. With Platformed, you gain immediate, actionable insight into how those controls map to the risks that matter most, so you can fix gaps fast and build confidence with every stakeholder.

Want to see Platformed in action?****Book a demo to explore how Platformed’s risk mapping engine can deliver instant clarity across your control environment. Request a demo or visit ourControl Assurance page to learn more.