CA Bajarang Ramachandra Sawant
Senior Partner
FCA · B.Com
Banking & Financial Services
Concurrent Audit
Continuous branch-level audit that catches an exception in the month it happens, not in the year it is reported.
Overview
Concurrent audit is the control that operates while the transaction is still recent enough to correct. Its value lies in rhythm and coverage rather than depth on any single item - advances documentation, KYC, cash and clearing, income leakage and adherence to sanctioned terms, examined continuously and reported on a fixed cycle.
What this covers
How we help
Branch concurrent audit
Continuous audit of branch operations against the prescribed scope.
Advances and documentation
Sanction terms, security documentation, disbursement and monitoring.
KYC and compliance checks
Customer identification, account opening and regulatory compliance review.
Income leakage review
Interest, commission and charge recovery against applicable schedules.
Cash, clearing and securities verification
Physical and record verification of cash, instruments and securities.
Who leads this
Partner contact
Related
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Statutory, internal and concurrent audit and advisory for urban co-operative banks, district central banks and credit societies.
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Talk to us about concurrent audit
A short conversation is usually enough to establish whether this is the right route, and what it would involve.