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The internal audit template tool allows users to save and analyze metrics data through six sections: navigation, bold metric info, settings, database, report, and dashboard. In the metric info section, users enter metrics and can define them if desired, with an option to add more metrics using a plus sign. The template alerts users if duplicate metrics are entered by highlighting them in red. After inputting metrics, users proceed to the settings section to establish standard answers for information related to those metrics. This setup aids in efficiently entering data into the database once options under each metric are determined.