Chit Fund Audit Log and Approvals
The audit log keeps a record of auction results, collections, security approvals, payout releases and subscriber removals. Each entry shows the user, the time and what changed.
What gets logged
Why owners read it
An owner can ask who approved a given auction or a given payout, and the log answers with a name and a time. Because security approval and release are both logged, the order of events is on record. That helps when an auditor asks how a decision was reached.
Who reads the log
- Foremen and managing directors review approvals and releases
- Office staff can see what was changed on a record
- Owners use it to trace who handled an auction or payout
What the log does not do
The log records. It does not judge whether a decision was right, and it does not make a company compliant with any law, because your auditor and lawyer decide what the law requires. Which further actions are logged is agreed during implementation.
Frequently asked questions
What does an audit log entry contain?
The user, the time and what changed. Entries are made for auction results, collections, security approvals, payout releases and subscriber removals.
Can we see who released a payout?
Yes. The release is logged with the date and the user, alongside the security approval that came before it.
Does the log make us compliant with the Chit Funds Act?
No. It keeps a record of who did what. Your auditor and lawyer decide what the law requires.
Can other actions be added to the log?
Yes, for actions the product already handles. Extra entries are scoped with the company during implementation.
Tell us what you need.
Share your requirements and one of our engineers will come back to you within one business day.
What happens after you share your requirements
- A senior engineer reads your answers. Nobody phones first.
- Within one business day you get a written note: what we understood, what we would start with, and the questions we still have.
- If it fits, a proposal follows with the order of work, what we need from you and what you receive at each step.
- No call is booked and nothing is paid until you have read the note. Your details stay with us.
Start with your requirements
Seven short steps that tell us what you need. A senior engineer reads them before anyone gets in touch.
Share your requirements