essay help

Audit and Compliance requirements grow in direct proportion to business complexity. Regulations keep pace with global business expansion. Businesses have to comply with multitude and with often overlapping requirements.

Compliance requirement grows in direct proportion to business complexity. As the globalization expands business horizon, so are the regulations. The businesses have to comply with multitude and with often overlapping requirements.

QURA Audit Management can help with Audit, Self-Assessments, Corporate and Taxation laws, Internal Compliance requirement like Period End can also be managed.

Value for client

360° View – Qura has ability to provide consolidated view of control effectiveness by combining results from:

  • Alerts
  • Audit Results
  • Self-Assessment results
  • Issues/Incidents

Alerts generated by Qura Analytics Module are mapped to Global Controls Framework

Modular – While Compliance module is tightly integrated with analytics, it also works as standalone system for company’s compliance initiatives like SOX, HIPAA, CERC, REACH, NERC, GLBA etc.

Besides regulations, Qura is flexible for day to day control and internal compliance activities like Bank reconciliation, compliance with corporate & taxation laws, period closure and the like.

Integrate compliance and audit  management – Qura Audit Management supports integration of compliance and audit requirements. The results of audit or self-assessments are linked to controls (context) with pre-determined accountability of remedial actions.

Cross regulatory support – Qura Audit Management supports cross regulatory audit requirements. Control evaluation results are shared across regulations and organizations. This reduces cost of audit.

Dashboard and Reports – Qura Audit Management has the ability to configure role based and contextual dashboard. The dashboard provides ability to filter, search, slice data based on pre-defined criteria. Pre-defined reports can be configured to view in dashboard

Alerts – Alerts are generated based on events triggered, to identify suspicious transactions, non-compliance and opportunities. Library of rules are pre-defined to generate alerts. The users have the ability to create case/incident from alerts.

Incident/Case Management – Ability to establish a system of record of incidents/events with the ability to assign a case handler, documentation of investigation, and track diverse case types

Sign off – Sign off at various levels which rolls up at the highest level

Reduced cost of Audit – Automated workflows & notifications, cross-regulation monitoring, analytics, standardized test plans; improves efficacy and reduce the overall cost of auditwrite my essay