How ASIG Consult Uses Regumeter to Review and Create Documents During Internal Audits for Financial Institutions in Czechia

Financial institutions in Czechia operate in an environment where regulatory requirements are becoming more complex, supervisory expectations are increasing, and internal control systems are under constant scrutiny. Internal audits are therefore no longer limited to formal checks of documentation. They are a key tool for verifying whether internal processes, policies, controls, and governance frameworks are actually up to date, functional, and aligned with regulation.

ASIG Consult uses Regumeter, Greenometer’s regulatory and document intelligence platform, to support internal audits for financial institutions in Czechia. Regumeter helps auditors review, create, and update internal documents, policies, procedures, and audit outputs based on regulatory requirements and audit findings.

Why document review is critical during internal audits

For financial institutions, internal documentation is one of the main sources of evidence that the organisation has a functioning risk management, compliance, governance, and internal control framework.

However, simply having documents in place is not enough. Policies and procedures need to be:

• up to date,

• aligned with current regulation,

• connected to real internal processes,

• understandable for responsible teams,

• auditable,

• consistent across the organisation.

During internal audits, it is common to identify documents that are outdated, too generic, inconsistent with actual practice, or not sufficiently aligned with current regulatory expectations. This is where Regumeter helps ASIG Consult improve both the efficiency and quality of audit work.

Regumeter as a working tool for auditors

Regumeter provides auditors with a digital workspace for working with regulatory requirements, internal documentation, and audit findings. During internal audits, ASIG Consult uses Regumeter mainly for:

Area	How Regumeter helps
Document review	Compares internal documents with regulatory requirements and good practice
Document creation	Supports the drafting of new policies, procedures, methodologies, and control documents
Gap identification	Highlights missing, incomplete, outdated, or unclear parts of documentation
Audit outputs	Helps prepare structured findings, recommendations, and remediation actions
Regulatory overview	Supports work with relevant regulatory requirements for the financial sector
Consistency	Helps maintain consistent terminology, structure, and logic across documents

This allows auditors to focus more on expert assessment of risks, processes, and controls, instead of spending excessive time on manual document review and drafting.

How Regumeter supports internal audits in practice

1. Analysis of existing documentation

At the beginning of an audit, ASIG Consult works with the client’s internal documents, such as policies, procedures, methodologies, organisational rules, control frameworks, and governance documentation.

Regumeter helps quickly identify whether the documentation covers the key areas required by regulation and internal control standards. The platform can help identify, for example:

• missing responsibilities,

• unclear control mechanisms,

• outdated legal or regulatory references,

• insufficiently described escalation processes,

• missing evidence, monitoring, or reporting requirements,

• inconsistencies between policy wording and actual practice.

This improves the quality of the initial audit analysis and reduces the risk of overlooking important documentation gaps.

2. Mapping documents against regulatory requirements

Financial institutions need to address extensive regulatory requirements in areas such as governance, risk management, compliance, outsourcing, ICT security, consumer protection, AML, DORA, internal controls, and third-party risk management.

Regumeter enables auditors to work with regulatory requirements in a structured way. It helps assess whether relevant requirements are properly reflected in the client’s internal documentation and whether there is sufficient evidence of implementation.

As a result, ASIG Consult can prepare audit conclusions that are not only professionally sound, but also transparent and well documented.

3. Creating and updating internal documents

In many cases, an audit does not end with identifying gaps. Clients also need practical support with remediation.

Regumeter helps ASIG Consult prepare drafts of new or updated documents, including:

• internal policies,

• compliance procedures,

• risk management methodologies,

• monitoring and reporting procedures,

• outsourcing policies,

• control checklists,

• audit recommendations,

• remediation action plans.

The platform supports structured document creation so that the final content is aligned with the regulatory context, usable in practice, and suitable for audit and supervisory review.

4. Preparing audit findings and recommendations

A high-quality internal audit should clearly describe not only the finding itself, but also its root cause, impact, risk, and recommended remediation.

Regumeter helps auditors formulate findings in a structured and consistent way. Audit outputs can therefore be clearer, more comparable, and easier for management and process owners to act on.

A typical audit output may include:

• description of the finding,

• relevant regulatory or internal requirement,

• identified gap,

• risk for the institution,

• recommended remediation measure,

• responsible owner,

• priority,

• implementation deadline.

This turns the audit report from a formal control document into a practical management tool for improving governance, controls, and risk management.

Benefits for ASIG Consult and its clients

Using Regumeter creates value both for auditors and for financial institutions.

Benefits for ASIG Consult

• faster document review,

• more consistent audit outputs,

• more efficient work with regulatory requirements,

• support for creating and updating internal policies,

• better traceability of sources and assumptions,

• reduced manual administrative work during audits.

Benefits for financial institutions

• clearer overview of the state of internal documentation,

• identification of regulatory and process gaps,

• concrete remediation recommendations,

• higher-quality documents prepared for practice and supervisory review,

• better readiness for regulatory inspections,

• stronger internal control framework.

Combining auditor expertise with technology

Regumeter does not replace the professional judgement of the auditor. Its role is to provide a stronger working environment for reviewing documents, working with regulation, and preparing audit outputs.

ASIG Consult can therefore combine its financial sector expertise with Greenometer’s technology. The result is audit work that is faster, more structured, and better documented.

In an environment of increasing regulatory complexity, this combination is essential. Financial institutions need to know not only whether their documents formally exist, but also whether they are current, functional, and connected to everyday practice.

Regumeter as a tool for modern internal audit

Internal audit in the financial sector is gradually moving from manual document checking to technology-supported compliance and control assessment. Regumeter helps accelerate this shift.

For ASIG Consult, Regumeter is a practical tool that increases efficiency when reviewing and creating documents during internal audits. For financial sector clients, it means higher-quality outputs, clearer recommendations, and better preparedness for an increasingly demanding regulatory environment.

Conclusion

ASIG Consult uses Regumeter to support internal audits for financial institutions in Czechia, particularly in the review, creation, and updating of internal documentation.

The platform helps connect regulatory requirements with specific documents, identify gaps, prepare proposed updates, and create audit outputs that are clear, practical, and auditable.

With Regumeter, internal audits can become more efficient, more consistent, and more focused on real risk management — not only on formal document checks.