Concurrent audit of banks
Near real-time review of bank branch and department transactions, with prompt reporting of irregularities.
What we do
- Day-to-day review of transactions at branches and departments within the scope set by the bank
- Checks on account opening and KYC, advances and sanction compliance, cash, clearing and remittances
- Verification of income leakage, exceptions and adherence to the bank's policies and RBI instructions
- Prompt reporting of irregularities and follow-up on compliance
- Periodic reports in the format the bank prescribes
Who it is for
Banks and financial institutions that appoint Chartered Accountants as concurrent auditors.
What we usually need from you
- Appointment terms and scope from the bank
- Access to systems and records of the branch or department
Please note
Concurrent audit assignments are made by banks under their own empanelment and eligibility rules. The Principal has completed a certificate course on Concurrent Audit of Banks.