OmniCompliance is an integrated solution for Governance, Risk and Compliance that's geared to ensure compliance with standards, best practices and guidelines of various regulatory acts.
OmniCompliance ensures :-
Compliance Management through timely compliance execution & assessment
Audit Management with centralized planning, tracking and monitoring
This module facilitates populating the audit universe with previous risk ratings
Selection of the audit units could be automated based on certain methodology or parameters like: Frequency of Audit, Sample Size, Seniority & Size of Audit Team, etc.
In this process, inputs will be Risk Based Audit Methodology, Audit Universe (selected v/s. deferred) of the previous years and current year
Once the audit universe is populated in the application, based on risk-based methodology, the audit plan for the current year will be devised
Audit Planning Sheet
Reports - Heat Maps
This module facilitates populating the audit universe and selection of the audit units for current audit year cycle
Inputs - Risk Based Audit Methodology, Audit Universe of the previous years and current year
Upon population of the audit universe, the users need to select the audit units for the audit cycle. Various reports can be generated based on the audit planning
Outputs - these include various transactions, reports and queries
