Concurrent Audits (Banks, NBFCs, Financial Institutions, Payment Banks)
Concurrent audits are essential for monitoring, evaluating, and strengthening the internal control systems of banks, NBFCs, financial institutions, and payment banks. Our service provides real-time audit support to ensure compliance, detect irregularities, and enhance operational efficiency.
We conduct concurrent audits in line with regulatory requirements and best practices, helping financial institutions maintain transparency, manage risks, and meet statutory obligations. Our approach enables timely detection of errors, fraud, or operational inefficiencies, safeguarding assets and stakeholders’ interests.
About This Service
Our service includes on-site and off-site concurrent audits of banking operations, loans, advances, deposits, and financial transactions, ensuring adherence to regulatory guidelines and internal policies.
We also assess operational efficiency, risk management, and internal control effectiveness, identifying gaps and recommending corrective actions to strengthen financial and operational governance.
Beyond financial review, we provide advisory on compliance with RBI guidelines, statutory provisions, and internal policies, helping institutions mitigate risks and enhance accountability.
We prepare detailed concurrent audit reports, highlighting findings, deviations, and recommendations. These reports serve as crucial tools for management, auditors, and regulators to take corrective actions and improve operational performance.
Key Features / Scope of Work (7–8 bullet points)
- On-site and off-site concurrent audits of banks, NBFCs, financial institutions, and payment banks
- Assessment of loans, advances, deposits, and financial transactions for compliance
- Evaluation of internal controls, risk management, and operational efficiency
- Identification of irregularities, errors, or potential frauds
- Advisory on compliance with RBI guidelines, statutory provisions, and internal policies
- Preparation of detailed concurrent audit reports with findings and recommendations
- Support for management, auditors, and regulators in decision-making
- Enhancement of transparency, risk mitigation, and operational governance
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