Compliance Monitoring
Bank Reconciliation Currency
Timeliness and clearance of monthly bank reconciliations across all primary and call accounts.
The bank reconciliation is the first line of assurance over cash
A current, cleared bank reconciliation is the most basic control that the AGSA expects to find, and a backlog of unreconciled accounts is a recognised red flag for misappropriation, ghost payments and unrecorded transactions. Treasury regulations and the MFMA require reconciliations to be performed and reviewed monthly. AuditPro Core tracks the currency of every primary, call and disbursement account so that stale reconciliations and unresolved reconciling items are surfaced as control exceptions rather than discovered during the audit.
The Numbers
AuditPro Core renders this view from your tenant's live, tamper-evident records. The figures below are illustrative sample data.
Accounts reconciled current
88%
▲ 4 pts
Reconciliations overdue
23
Unreconciled balance
R 7.4 m
Accounts monitored
192
Overdue reconciliations by entity type
Stalest reconciliations
| Account | Last reconciled | Months late | Unreconciled |
|---|---|---|---|
| Primary - Ngaka Modiri LM | Sep 2025 | 3 | R 2.1 m |
| Call - Dr Ruth Segomotsi | Aug 2025 | 4 | R 1.4 m |
| Primary - Renosterberg LM | Oct 2025 | 2 | R 0.9 m |
Figures shown are illustrative sample data for demonstration. AuditPro Core renders these views from your own tenant's live, tamper-evident records.
Currency versus completeness
A reconciliation can be performed on time yet still carry old uncleared items. True assurance requires both that the reconciliation is current and that its reconciling items are being cleared, not perpetually rolled forward.
Why every account counts
Risk often hides in call, trust and disbursement accounts that receive less attention than the primary operating account. Coverage must extend to all accounts in the entity's name, not just the main one.
Ageing of reconciling items
Long-outstanding reconciling items, particularly unpresented payments or unidentified deposits, are where fraud and error accumulate. The age profile of these items is a stronger risk signal than the existence of the reconciliation itself.
Independent review
A reconciliation prepared and reviewed by the same person provides little assurance. Segregation between preparer and reviewer is what gives the control its integrity.
How AuditPro Core Bridges the Gap
- Reconciliation: bank statement balances are matched to the ledger across all accounts with the difference fully itemised.
- Currency tracking: the dashboard flags accounts whose last completed reconciliation is overdue against the monthly requirement.
- Ageing of items: unresolved reconciling items are aged so chronically rolled-forward differences are escalated.
- Traceability to source: each reconciling item links to the underlying statement line and ledger entry for audit inspection.
Key Takeaways
- Timely reconciliation is necessary but not sufficient; reconciling items must also be cleared.
- Extend coverage to call, trust and disbursement accounts, not just the main operating account.
- Age reconciling items, since long-outstanding differences are where fraud and error hide.
- Enforce segregation between the preparer and the reviewer of each reconciliation.
See This on Your Own Data
AuditPro Core renders this dashboard from your tenant's live, tamper-evident records — every figure traceable to source.