Business Process Controls Automation

• Understanding of Business Process Controls for Revenue and Receivables, Purchase and Payables, Hire to Retire,Inventory Cycle, Expenditure Cycle, Fixed Assets, Period End Closure, Investment Cycle, Investment Income Cycle, Cash Equity, Futures and Options, Portfolio Management Services (PMS), DP Income, Interest Calculation for delayed payment / charges, and Collateral Security Valuation process.
• End-to-end walkthrough with Business Process owners.
• Identification of sub-processes.
• Preparing the process narrative / flowchart along with identification of Manual and Automated controls.
• Preparing Risk Control Matrix (RCM)
• Validation of Controls.
• Identifying process (design) gaps and testing gaps.
• Identifying the quantitative impact of the gaps.
• Suggesting and performing additional audit procedures as needed.