ProSight Audit Manager
Clear visibility into findings and remediation to strengthen risk and compliance oversight.
Simplify Audit Management for Your Organization
The ProSight Audit Manager provides a single, secure repository for all audit activities, documentation, and progress tracking, supporting both internal and external auditors with role-based access. It provides automated workflows, robust findings and remediation tracking, and automated reminders and escalation for overdue issues. ProSight’s solution is designed for the financial services industry, with risk and compliance expertise to help users make informed decisions.
Identify and Create Audit Plans
The ProSight Audit Manager helps the audit team structure and plan audits for any purpose they need.
The first steps in the solution to achieve this goal includes:
Building Audit Criteria
This step highlights all applicable risks and risk controls and identify auditable entities based on their organizational structure, physical location, and business line.
Create the Audit Plan
The audit team will work in collaboration with the board to understand what business functions should be included for audit, and document them within the solution.
Create the Audits
Once audit plans are established, the audit team can create individual audits that link back to their respective audit plan. Each audit then advances through a structured, linear workflow—seamlessly guiding users from initial drafting and planning, to fieldwork, reporting, follow-up, and final closure.
Conduct Audits and Assess Performance
Once audit plans have been established, ProSight Audit Manager makes it easy for audit professionals to perform their audits and provide feedback to business leaders and executive staff on their findings and recommendations.
Identify Findings
Throughout the audit process, the audit team can create findings and assign them to business owners to review and suggest corrective actions.
Manage Actions
Business owners will be notified of any finding assigned to them from the audit team. They can review all findings assigned to them in a central location, reject or agree with the audit team’s findings, and submit any corrective actions back to the audit team.
Generate Reports
Upon the completion of fieldwork, the system will automatically generate a standardized audit report with key findings and agreed-upon actions.
Prepare for Examinations
While it is important for financial services organizations to perform audits to understand how their processes are performing, it is also important to properly document everything for regulatory examinations.
The ProSight Audit Manager also helps facilitate a structured workflow for overseeing external regulatory exams and third-party reviews. The system centralizes document requests, tracks examiner inquiries, and monitors response timelines to ensure a coordinated and timely exchange of information between the organization and external authorities.
A Centralized Platform to Manage Organizational Risk and Compliance.
All the modules in the ProSight Enterprise Risk and Compliance Solution are fully integrated to provide better coordination of risk mitigation efforts and less duplicated data entry between departments
Our Offerings
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Creating Ripple Effects Throughout the Financial Services Industry
Together as ProSight, BAI and RMA have enhanced our abilities to support you at a time when the industry is challenged to meet changing customer needs, adopt new technologies, and manage more complex risk, compliance, and fraud issues. We are here to help you conquer these challenges, guide you towards new opportunities for growth, and empower you to act with confidence.
