BancAudit Pro


BancAudit Pro Audit and Fraud Detection System is the only Computer Assisted Audit Tool (CAAT) of its kind!  BancAudit Pro has proven its value over 25 years in heading off costly operational issues, providing greater audit coverage in a fraction of the time and uncovering millions of dollars in insider fraud.

That’s why many banks across the country consider BancAudit Pro to be indispensible for protecting their assets and reputations in a comprehensive but efficient manner.  Some uses of BA Pro include:

  • Loan and deposit interest accrual and balance recalculations
  • Data errors and omission testing
  • Internal and external fraud detection
  • Continuous transaction and maintenance monitoring
  • Statistical sampling and confirmation generation
  • Custom data reporting


The BancAudit Pro system provides seamless access across multiple data sets as it is mapped to over 2,000 data fields found in the Account, CIF, Collateral, Common, Transaction, Maintenance and Teller files. It installs in 15 minutes and is ready to go!

Turn months of potentIal work into days as the BancAudit Pro system recalculates loan and deposit accrual balances, identifies overrides to processing parameters, monitors activity to high risk accounts and much more.  Address the red flags of fraud scenarios such as loan rollovers, unauthorized loan extensions, loan lapping schemes and inactive and dormant CD manipulations found by BancAudit Pro.  Monitor employees with the BancAudit Pro employee inquiries and employee account activity module.

The BancAudit Pro system provides the powerful analysis and reporting tools necessary in today’s banking environment. Regulator and management expectations for identifying and controlling risk are at an all time high.  BancAudit Pro users can be more confident of exceeding these expectations.


The BancAudit Pro system is an undeniable value that brings the following benefits to the table:

  • Comply with SAS 99 requirements
  • Protection of your organization’s reputation and bottom line
  • Intuitive and effective approach
  • High ROI in a short period of time
  • Efficiency from the use of a CAAT
  • Comprehensive view of transactional, account and customer data
  • Variance analysis of account balances

Pre-Programmed Routines: Over 150 different types of pre-defined and programmed exception analysis, fraud detection,and audit routines. Each can be launched in minutes.

Suspicious Employee Inquiry Monitor: Detects out-of-pattern and suspicious employee account inquiries representative of identity theft.

Suspicious CIF Maintenance Changes: Monitors CIF maintenance fields for suspicious changes representative of identity theft, statement re-directions and other types of fraud.

Suspicious Deposit and Loan Maintenance Changes: All data fields within Deposit and Loan database files are monitored for unusual and suspicious activity. Time span analysis and database build is provided. For example, alerts examiner to loans extended through maintenance with no changes to extension counts, or alerts examiner to fraudulent CD interest distributions

Transaction Monitoring and Auditing: All financial transactions within your transaction history files are monitored for unusual and suspicious activity. Time span analysis and database build for inquiry is provided. For example, tracks unusual ‘Force Pay’ transactions and frequent ‘Principal Adjustments’.

Confirmations: Hundreds of field attribute choices and comprehensive sampling techniques support confirmations. Auditors can choose forms and create unlimited messages.

Customized Reporting: Provides thousands of field attributes, detailed reporting, summary reporting, math options, sorting, grouping, subtotaling, averaging and more. Access across multiple databases is seamless.

General Ledger Analysis: Provides customized reporting, transaction analysis and variance analysis to support SOX compliance. Easily search out and chart unusual and suspicious transaction activity.

A few examples of the fraud and error/omission analytics provided
• $50,000 fraud found through detection of internal kite hidden through back-dating of deposit transactions
• Over $1,000,000 fraud uncovered through unapplied balance field used as source of funds
• Almost $1,000,000 fraud uncovered through detection of loan lapping scheme
• Over $500,000 loan fraud uncovered through independent workups of loan principal balances
• Over $300,000 in annual loan interest income recovered through transaction analytics


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