Audit Management System
PUNJAB
Others
Treasury system
Published By: SeMT
An Audit Management System (AMS) is a comprehensive software solution designed to facilitate the planning, execution, and reporting of audits across various functions within an organization. It aims to enhance the efficiency and effectiveness of the audit process, ensuring compliance with regulatory standards and internal policies
Project Details
Brief Background
An Audit Management System (AMS) is a software platform that helps organizations efficiently manage their auditing processes. It supports the planning execution and reporting of audits to ensure compliance with regulatory standards and internal policies. Key Features: Planning & Scheduling: Streamlines audit timelines and assigns responsibilities. Documentation Management: Centralizes all audit-related documents for easy access. Risk Assessment: Identifies and evaluates potential risks. Checklists & Templates: Provides standardized tools for conducting audits. Issue Tracking: Records findings and manages corrective actions. Reporting & Analytics: Generates detailed reports and visualizes audit data. Collaboration Tools: Facilitates communication among team members. Compliance Monitoring: Ensures adherence to relevant regulations.
Objective
.
Benefits
Audit Management System (AMS) brings transparency accuracy and speed in the work of audits besides fixing responsibility and accountability for settling financial matters according to rules due to regular monitoring of audits. AMS is designed to make all the Audit Processes (like Intimation to DDO/HOD/AD Memos to DDO Generation and Approval of Audit of Reports Reply by DDO and Partial/Full Settlement of Paras by Audit Supervisor/PSF) online. This will not only help in keeping records but also accessing the Audits via parameterized Smart Dashboards.
Implementation Methodology
.Implementing Agency Details
Name of implement agency
National Informatics Center
