PUTRAJAYA - The National Audit Department have entered into an agreement with Extol Corporation Sdn Bhd (Extol), which is a wholly owned subsidiary of AppAsia Berhad (AppAsia), to participate in the eConfirm.my electronic bank confirmation platform through a signing ceremony in Putrajaya today.
The agreement was signed by Deputy Auditor General Datuk Nor Salwani Muhammad and Extol executive director Calvert Wong, witnessed by AppAsia chairman Datuk Seri Rahadian Mahmud Mohammad Khalil.
The eConfirm.my platform is an industry-wide electronic bank confirmation platform that facilitates the audit process for auditors and banks operating in Malaysia as required under the International Standard on Auditing (ISA) 505 External Confirmations.
"The National Audit Department plays a critical role in ensuring the financial integrity and accountability of the Malaysian government, and we are excited to have them join our platform,” said Rahadian.
"National Audit Department’s participation in eConfirm.my is a testament to the platform’s reliability and efficiency,” he added.
Through leveraging eConfirm.my, audit confirmation processes are streamlined, turnaround times reduced, fraud risks reduced, and the security of financial audits are significantly improved.
The platform’s automated workflow and real-time reporting capabilities enables audits to be conducted with greater transparency and efficiency.
eConfirm.my has also obtained its SOC2 and SOC3 attestations, providing all organisations and users involved with the confidence in its compliance with security and IT regulations.