Remove Adjustments Remove Audit Remove Procedures
article thumbnail

PCI DSS Requirement 10 – Changes from v3.2.1 to v4.0 Explained

VISTA InfoSec

Changes Access Controls "Limit viewing of audit trails" to those with a need. Testing Procedures Broad testing, looking at system settings, monitored files, etc. Minor adjustments to testing scope. audit log security principles are mostly unchanged. Testing procedures align with updated access language. No changes.

PCI DSS 130
article thumbnail

Navigating RBI’s 2025 Gold Loan Directives with our Comprehensive Loan Management System

M2P Fintech

Key Proposals in the RBI’s Draft Guidelines Standardized Gold Valuation Lenders must use a transparent and uniform method for valuing pledged gold, with valuation done by certified personnel and subject to periodic audits. Purity checks must be documented and auditable.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Audit Bank Reconciliation?: A Complete Guide

Nanonets

Audit Bank Reconciliation Guide  Both internal and external accounting audits are essential parts of financial management as well as organizational risk management. A bank reconciliation audit is one such process that helps in identifying financial gaps or discrepancies. Looking out for a Reconciliation Software?

article thumbnail

Everything You Need to Know About an Audit Trail

Nanonets

If not, it may be time to rework your current accounting policies to implement audit trails. Despite what many business owners believe, audit trails aren’t reserved only for companies that receive an audit. Audit trails can prevent fraud, aid in disaster recovery, and ensure compliance with regulatory agencies.

Audit 52
article thumbnail

What is Internal Audit Automation?

Nanonets

Internal audits play a crucial role in assessing a company's internal controls, corporate governance, and accounting processes. These audits are essential for ensuring compliance with laws and regulations, as well as maintaining accurate and timely financial reporting and data collection.

Audit 52
article thumbnail

The top 10 audit automation software

Nanonets

Over the years, the auditing landscape has undergone remarkable transformations, and among the most significant advancements has been the advent of audit automation software solutions. Computer-Assisted Audit Tools and Techniques (CAATTs) have been available to auditors since the early 1990s. The situation has changed now.

Audit 40
article thumbnail

How to setup financial controls at a startup

Nanonets

Financial controls are the procedures, policies, and means by which an organization monitors and manages its revenues, costs, budgets, cash flow, and other financial aspects. It requires careful planning, regular monitoring, and ongoing adjustments. What are financial controls, and why are they important?