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Audit Platform Overview
blazingAudit (bA) is a enterprise scale, cloud-based platform for creating, deploying, reporting, analyzing, tracking and managing audits including operational, compliance, financial, follow-up, HR and IT.
Operational Audit – An operational audit evaluates performance of a particular function or department to assess its efficiency and effectiveness. Operational audits typically combine elements of financial, IT, and compliance audits, and focus on risks pertinent to the specific responsibilities of the audited unit.
Compliance Audit – A compliance audit evaluates adherence to established laws, standards, regulations, policies, and/or procedures.
Follow-Up Audit – The purpose of a follow-up audit is to revisit a past audit’s recommendations and management’s action plans to determine if corrective actions were taken and are working, or if situations have changed to warrant different actions.
IT Audit – An Information Technology (IT) audit evaluates controls related to the institution’s automated information processing systems.
