Smart Audit
Smart Audit

The Complete Online Audit Management Solution

The Complete Online Audit Management Solution

ComLine Products has developed this software which covers the complete functionality of Audit department of a bank. It has been developed to help not only the personnel of Audit department, but also keeping in mind the convenience of external auditors, branch managers and requirements of the top management.

The software automates various Audit operations and has built-in Work Flow functionality.

We believe implementing this software will result in better internal control systems, which are crucial to the conduct of banking business not only to lead the bank more profitably but also in compliance of prudential guidelines..

The software is being currently used by one of the largest co-operative banks in the country.

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Features

Features

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Audit Planning
  • It allows the empanelment of external firms and the allocation of branches to each firm every year.
  • It enables the scheduling of audits for internal auditors.
Audit Execution
  • The auditor physically visits the branch and performs the audit, which is typically conducted monthly, quarterly, or yearly.
  • It provides comprehensive checklists for auditors to conduct the audit.
Audit Review
  • Once the auditor completes the audit, they can review it with the branch head before signing off.
Audit Closure
  • It automatically transfers the non-compliances observed during the audit to the branch head.
  • The compliance given by the branch head will be forwarded to the audit department for acceptance. Once it is accepted, it is considered that the compliance is closed.
Reports and MIS
  • It has several summarized and graphical reports, such as pending compliances, audit status, and detailed compliance reports.

Control Risk

Control Risk

This is Add-On module available with Smart Audit.

The RBIA comprises of two components viz. Business Risk & Control Risk

Business Risk: Captures the data as prescribed by RBI and computes Business Risk of the branch automatically.

Control Risk: Uses the data from Smart Audit of any Internal Audit done & computes the Control Risk.

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