Retail Assets & Retail Liabilities Audit
Retail assets and liabilities audits are essential for financial institutions to assess the accuracy, compliance, and quality of their retail portfolios. Our service provides detailed evaluation of retail loans, deposits, and other retail financial instruments to ensure risk management, regulatory compliance, and operational efficiency.
We help banks, NBFCs, and other financial institutions monitor portfolio performance, identify irregularities, and strengthen internal controls. Our audits provide actionable insights to enhance decision-making, maintain asset quality, and ensure regulatory adherence.
About This Service
Our service includes comprehensive auditing of retail assets such as personal loans, home loans, auto loans, and credit card portfolios to ensure correct recording, classification, and compliance with internal policies and regulatory guidelines.
We also audit retail liabilities including savings accounts, fixed deposits, recurring deposits, and other retail funding products, verifying accuracy of balances, interest computation, and compliance with statutory norms.
Beyond auditing, we provide advisory on risk assessment, portfolio quality monitoring, and internal control improvements, helping financial institutions mitigate potential losses and operational risks.
We prepare detailed audit reports summarizing findings, discrepancies, and recommendations. These reports serve as essential tools for management, regulators, and auditors to ensure transparency, accountability, and robust retail portfolio management.
Key Features / Scope of Work
- Comprehensive audit of retail assets including personal, home, and auto loans, and credit card portfolios
- Audit of retail liabilities including savings accounts, fixed deposits, recurring deposits, and other funding products
- Verification of compliance with internal policies, regulatory guidelines, and statutory norms
- Assessment of asset quality, risk exposure, and operational efficiency
- Identification of discrepancies, errors, or potential irregularities
- Advisory on portfolio risk management and internal control improvements
- Preparation of detailed audit reports with findings, discrepancies, and recommendations
- Support for management, regulators, and auditors in decision-making and compliance
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