Audit, both internal and external have now become a very important aspect for Exchange Houses for meeting regulatory requirements and internal control framework set by Top Management. An effective audit mechanism attempts to plug gaps in the processes of an institution to avert instances of divergence from the practices mandated by Management resulting in business loss to the company. We provide a risk based audit assessment tool to continuously assess the business units of our clients to provide insights to stake holders for effectively mitigating various types of risks.

There is provision to conduct onsite and offsite audits in our module in-order to continue the audit exercise even when there is movement restrictions necessitated by various exigencies. The value statements in Audit module can be updated, added or disabled periodically based on Management decisions. There is also option to change the weightage of various value statements from time to time. Internal Audit of various sections of Operations is defined at the conception stage itself with appropriate weightage given to these sections to arrive at the overall risk of a business unit. Some of the features of our Audit module are enumerated below.

Features

• Onsite and Offsite Audit
• Multiple Audit Roles
• Risk Based Audit Assessment
• Audit Scheduling Based on Risk Perception
• Monitoring of Risk Movement of Business Units
• Compliance Audit