Banks appoint independent auditors at branch level for statutory audits, concurrent audits, revenue audits and audits of borrower accounts such as stock and receivables audits.
The firm undertakes statutory, concurrent, revenue and internal audits for public and private sector banks, and related assignments for financial institutions and NBFCs.
What is included.
- Statutory branch audits
- Concurrent audits
- Revenue and income leakage audits
- Stock and receivables audits of borrowers
- KYC / AML compliance reviews
- NBFC audits and certifications
How we work.
Scope and steps are agreed for each assignment.
- 01Understand
We study your business, systems and risk areas, and agree scope, timelines and deliverables.
- 02Plan
A risk-based audit plan sets materiality, key areas and the evidence we will need.
- 03Execute
Fieldwork and testing of controls and balances, with regular status updates to management.
- 04Report
Clear audit reports and a management letter highlighting control observations and recommendations.
Common questions.
What kinds of bank audits do you undertake?
Statutory central and branch audits, concurrent audits, revenue audits, internal audits and special regulatory assignments, as applicable under banking regulations.
What does a stock audit involve?
Verification of the inventory and receivables offered as security by a borrower, checking valuation, ageing and drawing power against bank records.
Do you audit NBFCs?
Yes, including statutory audits and certifications required under RBI directions.
General information only - not advice on your specific facts.
Contact us
Addresses, telephone numbers and e-mail for all offices.