Bank Statutory Audit
Statutory central and branch audit for public sector, private and co-operative banks.
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Banking & Financial Services
Physical & Asset Verification
On-site verification of hypothecated stock, book debts, fixed assets, gold and securities held against advances.
Overview
Security stated on a stock statement and security actually present in a godown are different things, and the difference is only discoverable in person. Physical verification is unglamorous fieldwork that produces some of the most decision-useful findings a lender receives.
What this covers
How we help
Stock and inventory verification
Physical verification of hypothecated stock against submitted statements.
Book debt verification
Ageing, existence and realisability of receivables charged as security.
Fixed asset verification
Existence, condition and identification of assets charged to the lender.
Gold loan verification
Purity, weight and custody verification for gold-backed portfolios.
Securities and instrument verification
Physical and record verification of instruments held in custody.
Unit inspection
Site visits to borrower units, with observations on operations and activity levels.
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Concurrent Audit
Continuous branch-level audit that catches an exception in the month it happens, not in the year it is reported.
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Revenue, Inspection & Treasury Audit
Revenue leakage, branch inspection, currency chest and treasury operations audit.
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Talk to us about physical & asset verification
A short conversation is usually enough to establish whether this is the right route, and what it would involve.