Compliance Monitoring
Bank Reconciliation Timeliness
Overdue bank reconciliations and ageing reconciling items are an early signal of error, fraud or cash misstatement.
Why a stale bank reconciliation is an early warning
A monthly bank reconciliation that is performed promptly and cleared of ageing items is one of the most basic and revealing indicators of financial-control health; when reconciliations fall behind or carry old unresolved differences, errors, fraud and cash misstatement go undetected. The MFMA and Treasury Regulations expect reconciliations to be current, and the AGSA treats overdue or unreconciled accounts as a control deficiency. AuditPro Core monitors the currency of bank reconciliations and the ageing of reconciling items across all entity accounts so that a slipping reconciliation is visible immediately.
The Numbers
AuditPro Core renders this view from your tenant's live, tamper-evident records. The figures below are illustrative sample data.
Accounts in scope
118
Reconciled on time
84%
▲ 6%
Overdue recons
19
Items > 90 days
R 5.4 m
On-time reconciliation rate by month
Accounts with ageing items
| Account | Last recon | Items > 90d |
|---|---|---|
| Primary bank | Current | R 1.2 m |
| Trust account | 2 mo overdue | R 2.1 m |
| Grant account | 1 mo overdue | R 2.1 m |
Figures shown are illustrative sample data for demonstration. AuditPro Core renders these views from your own tenant's live, tamper-evident records.
Timeliness as a control
A reconciliation done within days of month-end catches problems while they are fresh and correctable. One done months late, if at all, has little detective value.
Ageing of reconciling items
Reconciling items that persist month after month — unidentified deposits, uncleared payments — are where errors and irregularities hide. Their age is a sharper risk signal than their existence.
Independent review
The reconciliation should be prepared by one official and reviewed by another, with evidence of the review. A reconciliation that no one checks is a weak control even when current.
Coverage across all accounts
Every bank account, including project and grant accounts, must be reconciled. A forgotten account is exactly where unmonitored cash movement can occur.
How AuditPro Core Bridges the Gap
- Currency monitoring: the platform tracks how current each account's reconciliation is and flags those falling behind.
- Item ageing: reconciling items are aged so long-standing unresolved differences are surfaced for clearing.
- Exception workflow: overdue reconciliations and aged items are raised, assigned and tracked to resolution.
- Audit-ready export: the reconciliation status across all accounts exports as evidence of cash-control health.
Key Takeaways
- A prompt reconciliation has detective value; a late one largely does not.
- The age of a reconciling item matters more than its mere existence.
- Independent review turns a reconciliation into a real control.
- Cover every account — forgotten accounts are where unmonitored cash moves.
See This on Your Own Data
AuditPro Core renders this dashboard from your tenant's live, tamper-evident records — every figure traceable to source.