eLink Ventures has made a significant investment in the audit issue tracking platform, AuditFindings. As part of this investment, the issue tracking system will continue to add features to improve audit and compliance manger ability to oversee audit issues.
Originally the idea of Bradley J Fenster, a former bank examiner with the Federal Deposit Insurance Corporation (FDIC), AuditFindings provides companies with a robust tool to track, report, and resolve audit issues. As a regulator with the FDIC, Mr. Fenster saw financial institutions struggle with tracking and resolving audit or exam issues when using spreadsheets. According to Mr. Fenster, “The manual aspect of spreadsheets is time-consuming and prone to errors. As a result, there were often unresolved audit or exam issues and unresolved issues reflect poorly on the management team. I knew there had to be a better way for companies to track and resolve audit issues.” Unlike other audit software systems, AuditFindings focuses on the tracking and reporting of issues. This focus makes the system affordable to smaller companies. Along with tracking, reporting, and alerting, one of the key benefits of AuditFindings is the time saved by assigning issues to others and allowing them to update those items directly in the system.
eLink Ventures and Mr. Fenster are long-time partners as they have developed and launched other successful applications, such as PhishingBox, a tool used for testing and training employees on cybersecurity and phishing tactics.
AuditFindings, LLC provides auditors and compliance managers with an easy-to-use platform for tracking and resolving audit issues. The AuditFindings platform delivers a unique web-based and on-premise solution that addresses the difficult task of following up and reporting on the status of audit issues. Learn more about the AuditFindings system with this overview.