Concurrent Audit is an ongoing audit process carried out simultaneously with financial transactions to ensure timely detection of irregularities, deviations, and procedural lapses. It serves as an independent assurance mechanism to improve internal controls and operational transparency, especially in banking and financial institutions.
Ensure adherence to internal control systems and regulatory guidelines
Detect errors, frauds, or non-compliance in real time
Validate accuracy of financial and operational transactions
Safeguard assets and ensure proper authorization of activities
Strengthen decision-making with continuous feedback
Daily/real-time checking of high-value transactions
Verification of KYC, AML, and compliance procedures
Monitoring of advances, disbursements, and documentation
Checking of cash, deposits, and remittances
Review of interest calculations, penalties, and charges
Audit of back-office operations and system-based controls
Banking Institutions (as per RBI guidelines)
NBFCs and Cooperative Societies
Government Departments and PSUs
Private Sector Companies with high transaction volumes
Educational Institutions and Trusts
Timely identification of errors and irregularities
Improved compliance and internal control effectiveness
Prevention of revenue leakages and financial loss
Better risk management and decision support
Enhanced confidence of stakeholders and regulators
Experienced team of Chartered Accountants and auditors
Industry-specific knowledge and reporting formats
Customized audit programs as per client requirements
Regular audit reports with actionable recommendations
End-to-end support for compliance and rectification
Email: info@ssconsultancy.net
Phone: +91 92468 22006
Partner with us for effective concurrent audits that secure your operations and build institutional trust.
Hyderabad
+91 92468 22006