Prime Bank partners with MISL to install Computer Assisted Auditing Tool `Tahqiq’

Prime Bank PLC, a leader in innovative banking solution, has recently partnered with Millennium Information Solution Limited (MISL) to Kick-off the Project `Supply and Installation of Computer Assisted Auditing Tool (CAAT), Tahqiq’.

Mr. Syed Sazzad Haider Chowdhury, DMD & CIO; Mr. Md. Feroz Al Azad, SEVP & Chief Auditor; Mr. A. Y. M. Mostafa, Chief Technology Officer of Prime Bank PLC. and Mr. Mahmud Hossain, MD & CEO of MISL and high officials of both the organizations were present in the project Kick-off ceremony held at the Head Office of Prime Bank PLC. said a press release. 

Under this agreement, MISL will incorporate the computerized automated auditing tool for the bank which will automate the internal auditing process by collecting and processing business risk data from CBS, control risk data from internal audit observation and core risk elements defined by Bangladesh Bank.

It will also assist auditors to schedule, plan, execute, review and report in paperless manner. With the help of “Tahqiq” of Computer Assisted Auditing Tool (CAAT), audit departments of all sizes will be able to spend more time in providing value-added service and less time in documenting and reviewing.