Concurrent audit

Audits And Assurance

CONCURRENT AUDIT

Reserve Bank of India has directed all the banks to conduct an internal on- going audit to ensure sound internal accounting functions and effective controls in place.

We have specialised knowledgeable staff to conduct the concurrent audit to accomplish the management objectives and RBI guidelines. We also assist the bank officials to identify the Potential Non-Performing Assets (NPAs) so that management can take the corrective actions before time. During the concurrent audit, we look into following major areas:

  • Cash Balance

  • Know Your Customer Policies

  • Loans & Advances

  • Deposits

  • Forex

  • Income Leakage

  • Housekeeping & Computers

  • Remittance