brochure of audit software

1. www.itshastra.com (022) 2778 1074 info@itshastra.com
RxOffice® Audit is the unparalleled prescription for
adapting to the banking paradigm
RxOffice® Audit
Rule Sets
- Statutory Audit Rules
- Financial Audit Rules
- Compliance Audit Rules
- Regulatory Audit Rules
- Process Audit Rules
Audit Recording
- Record the execution of
each audit
- Auto execution of rules if
data is available
- Attach proof / comments
and evidences as
documents
- Guidelines provided in
Audit recording section
Management Reporting
And Analysis
- Drill down reporting of
Audits
- Compliance reports
- Non-compliance
reporting
- Performance reporting
Audit Guidelines
and Best Practices
Access to Auditor / Auditee /
Regulator depend on stage
3rd Party Reviews
Record observations and
commentary
RxOffice® Product Suite
CA REGULATORY BODIES
RxOffice® Product Suite
RxOffice®
Product
Suite
RxOffice®
Product
Suite
SERVICERS/
SUB-SERVICERS
INTERNAL
AUDIT
THIRD
PARTY
SERVICEPROVIDERS
RBI
PRIVATE
MORTGAGE
INSURER|
GUARANTOR
RATING
AGENCIES
INVESTORS
MANAGEMENT
&
BOARD
OF
DIRECTORS
RxOffice Audit
CONSISTENT | COMPLIANT | PROCESS MANAGEMENT
APPRAISER

2. RxOffice Audit
CONSISTENT | COMPLIANT | PROCESS MANAGEMENT
www.itshastra.com (022) 2778 1074 info@itshastra.com
Ability to create specic rules libraries based on banking guidelines, internal best practices, laws and regulations
that serve as a central repository for audit and compliance reviews.
Ability to combine rules into multiple audits to achieve a targeted business review objective: loans boarded for
reviews can have audit components dynamically included/excluded where applicable.
Audit types like Statutory Audits, Financial Audit, ISO Audit & any compliance audit can be easily congured into
System and recorded.
Integrates Account / loan or any data and supporting documentation required for auditing into the system that is
presented in a "console" format for efcient completion of specic audits.
Allow internal auditors and/or quality control analyst within the organization to use system as a decision support
tool, using the correct rules library, to review each loan in a consistent and compliant manner.
Allow multiple parties - internal auditor, internal quality control, third party auditors and regulator to collaborate on
determining compliance and conformance to pooling and servicing agreements, internal best practices, laws and
regulations.
Ability for multiple parties to record observations and commentary on specic Account / loan level review points
while the system tracks all associated dialogue through completion of audit.
Dynamically creates and tracks multiple audit reviews based on an analysis.
Integrated Document Repository which tracks document at Audit & individual Test level.
®
Secured, proprietary messaging system to send and receive messages to other users of the RxOfce application
Algorithmic work-distribution support
Calculates time spent on each audit for measuring performance KRA.
Integration with email software to auto-le inbound/outbound emails with associated cases
Phone and Contact log with internal/external agging
Granular, privilege-and-role based security Information exposure is controlled based on the "need to know" basis.
Detailed Audit trail of all the actions taken in the application by all the users.
Provide robust reporting capabilities to track progress and both interim and nal results for audit reviews.
Graphical reporting suite
Drill Down reporting of Audits.
Features