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Audit

Core Record Management Addresses Audit Buildings Countries Jurisdictions Legal Entities Locations Regions
Core Record Management Addresses Audit Buildings Countries Jurisdictions Legal Entities Locations Regions
New to this diagram? Learn about the method: Use Case Tree · Use Case · Outcome

Audit management maintains complete records of all KYC activities, decisions, and changes to support regulatory compliance, investigations, and accountability. This use case addresses ensuring record completeness across fragmented systems, maintaining temporal tracking of customer profile and risk assessment changes, supporting quick retrieval and analysis of audit records for investigations, managing long-term data retention, and providing complete audit documentation for regulatory examinations.

The Challenge

Financial institutions face challenges in audit management:

  • Record completeness — Ensuring all KYC activities, decisions, and changes are properly documented
  • Data fragmentation — Audit information scattered across multiple systems and processes
  • Temporal tracking — Maintaining historical records of how customer profiles and risk assessments changed over time
  • Regulatory requirements — Must demonstrate compliance with audit and record-keeping requirements
  • Investigation support — Need to quickly retrieve and analyze audit records when issues are identified
  • Data retention — Managing long-term retention of audit records in compliance with regulations
  • Access control — Ensuring appropriate access controls for sensitive audit information
  • Integration complexity — Connecting audit records across different systems and processes

Why EKG is Required

Enterprise Knowledge Graphs provide powerful audit management capabilities:

  • Unified audit view — Connect all audit records across systems and processes in one place
  • Temporal tracking — Maintain complete history of all customer-related changes and decisions
  • Relationship tracking — Link audit records to customers, transactions, and related entities
  • Query and analysis — Quickly retrieve and analyze audit records for investigations
  • Compliance documentation — Maintain complete audit trail demonstrating regulatory compliance
  • Change tracking — Track who made what changes, when, and why
  • Integration — Connect audit records from KYC, transaction monitoring, and other systems

Business Value

  • Regulatory compliance — Meet audit and record-keeping requirements for KYC activities
  • Risk management — Support investigations and risk assessments with complete audit trails
  • Operational efficiency — Quickly retrieve and analyze audit records when needed
  • Accountability — Maintain clear record of decisions and actions for accountability
  • Continuous improvement — Use audit data to identify process improvements and training needs
  • External examinations — Provide complete audit documentation for regulatory examinations