BUSINESS PROCESS FOR ULTRA VIRES TRANSACTIONS

An audit system automatically ensures compliance with relevant policy by identifying an entity offering a non-audit service that also provides audit services to the enterprise, and ensuring the service is permissible and proper approval has been obtained. If the non-audit service is prohibited or proper approval from an audit committee has not been obtained, execution of the service is prevented. When a permissible non-audit service is executed, this service can be monitored and execution suspended when circumstances change such that the service is no longer permissible or approval for the service expires. The audit system can forward a message to the audit committee or other authority about any suspended business process. If the audit committee subsequently approves the suspended permissible non-audit service, execution of the instance of the business process resumes. The audit system determines whether the vendor entity was paid demands a refund where necessary.