Concurrent audit means doing examination of the financial transactions at the time of occurrence of the transaction. Usually concurrent audit is adopted by big institutions having huge volumes of business and large number of daily transactions. Concurrent Audit helps in monitoring compliance in respect of all the internal control guidelines. In addition to it, reconciliation of accounts is done regularly.
We help our clients in the following areas:
- Examining books of accounts records and registers to ensure that they are maintained in accordance with the prescribed systems. Ensuring compliance of laid down systems, procedures and policies.
- Adequate measures are being taken in advance to prevent future frauds, etc., to avoid difficulties, which may arise.
- Evaluating the quality of customer services provided and giving useful suggestions.
- Assessing overall performance of the branch while assessing productivity and profitability and to offer useful comments on the basis of audit conducted.