Holding Companies Internal Auditing Systems
Komtas Bilgi Yönetimi, as a part of its data and intelligence analysis operation, has developed an application which is a product of our experience gained during projects for automation of auditing functions.
'Komtas Bilgi Yönetimi Standard Auditing Application' is an easy to use program which can be modified depending on users' The main purpose of this application is to gather data through financial and business software and auditing this data by putting through ready-made scenarios.

Our solution can be used with all major accountancy and business applications and is compatible with names such as SAP, Oracle, INFOR SunSystems, Logo, Likom, Netsis, JD Edwards, Baan and bespoke applications developed in-house by our customers.

Internal Control and Continuous Monitoring System
Business Assurance System and Continuous Auditing Applications aim to maintain the consistency, completeness and correctness of data sources and keep them ready to support functions of the decisions made. The most important tool to reach these targets is to have a more effective and detailed internal auditing and control. This can be achieved by implementing certain methodologies - Continuous Monitoring and Business Assurance. Both these methodologies require high level management input.

Komtas Bilgi Yönetimi provides Methodology, Consultancy and Development services to support Business Assurance Systems and Continuous Auditing Applications which companies would use to reduce their losses and increase control over their businesses.

Within the concept of business assurance systems, we provide solutions to support your activities within your organisation in order to identify critical areas and determine standard methodologies to prevent risk.

Our portfolio consists of a number of products which allow access to data in different formats, control the consistency and completeness of data and report efficiently.

Komtas Bilgi Yönetimi offers Business Assurance System and Continuous Auditing Application as a complete solution using its expertise in data and intelligence analysis field. This solution allows control at all levels.

• Before transactions take place
• During transactions
• After transactions

Internal Auditing Brokerages
Komtas Bilgi Yönetimi has developed an internal auditing system that meets the requirements imposed by governments regarding the auditing standards that companies must comply with.
Komtas Bilgi Yönetimi Internal Audit Solution allows companies to carry out all analysis needed for internal auditing, control and reporting.

This solution includes the following:

Controls during opening an account
• Black List Control
Black list checks can be processed over an applicant’s name, address and other ID information. Black lists can be obtained from international organisations that compile these lists such OFAC or the Bank of England Sanctions List, as well as from companies’ own internal black lists.
• Previous Customer Control
Searches can be carried out based on name, surname, address and other ID information and matched against certain criteria such as previous customer information.
• Analysing Related Customers
It is possible to search and match people living at the same address, members of the same family, place/date of birth etc.

Auditing payments to and from accounts
• Maximum cash control
• Classifying payment methods (Money transfer, cash etc)

Auditing of electronic money transfers
• EFT Frequency Analysis
• EFT Profile Identification and Group Analysis
• EFT Usage Analysis

Transfer Controls
• Cash Transfer Frequency Analysis
• Defining Cash Transfer Profile and analysis of grouping.

Reconciliation
• Asset-liability items regulatory account compliance
• End-of-day transaction compliance
• Actual vs. accounting records comparisons.

Risk Control
• Credit Limit and Suitability Controls
• Sales limit Controls
• Credit Usage Controls
• Sales suitability Controls

Repo-Reverse Repo Transactions
• Repo-Reverse repo interest controls
• Tax account controls
• Control of exploitation in usage
• Personnel transactions controls

Initial Public Offerings related transactions
• Controlling customer applications for Initial public offerings
• Black list controls
• Grouping applications
• Identifying relationship between applications
• Joint account - joint cash transfer controls

Internal Auditing Systems For Banks
In the recent years banks have gone through major changes in terms of internal auditing methods. Increasing competitiveness, strict regulations and commercial failure alongside with big steps taken in technology pose potential risk and potential wrong financial declarations. Reconstructing the banking system puts responsibility inspection and auditing which propels the industry to a more competitive and efficient environment. The reconstruction of the banking system is based on international accounting standards (including IAS 39) International Institute of Auditing (I IA).

Banks and financial institutions now realise the importance and necessity of using international methodologies in order to gain a powerful, strong and competitive positioning in their industries.

Data analysis techniques can be broken down into Statistical and Numerical techniques, Risk Analysis Methods, Visual Analysis Techniques and Computer Assisted Auditing Techniques.

Internal auditing system should involve auditing and monitoring of all activities within a bank. Komtas' Internal Auditing System Solution includes controls at key control points which are determined after analysing systems.

This system allows auditors to analyse a number of risks that face banks such as credit and fraud risks and help them audit filtered data rather than dealing with huge amounts of irrelevant information.
Examples of internal auditing

Accounting Control
Un-matching Account Balances
Monitoring 220 and 221 Accounts
Monitoring 360 and 361
Monitoring 293 account movements
Monitoring follow-up accounts
Monitoring reasons for cash deficit
Identification of instances when debts and credits are not equal
Trial Balance Controls
Double Entry Journals
Journal Entries with One Leg

Customer Control
Monitoring transactions within deposit accounts
Dishonored cheques
Closing deposit accounts before they are due
Temporary blocking
Name-title changes

Credit Control
Closure of credit
Credit Risk
Controlling interest on credit
Analysing tendency to go into debt
Monitoring commission for letter of assurance

Personnel Accounts' Control
User name - usage of computer
Personnel user name controls
Payment Controls
Personnel expense declaration controls
Personnel accounts/Electronic Fund Transfer controls
Creation of record/editing analysis
Personnel accounts/overdrafts
Fraud Control

Currency Control
Identification of foreign currency differences
Cancellation of foreign currency bookings
Foreign Exchange losses
FX Transactions

Tracking suspicious transactions
Monitoring EFT's
EFT frequency analysis
Money transfer frequency analysis
Monitoring money transfers to overseas countries

Branch Control
Dummy Record Controls