Real-Time Monitoring. Better Control. Reduced Risk.
Waiting till year-end to detect errors or irregularities can be costly. Concurrent audit ensures that transactions are reviewed continuously—while they are happening.
N D Savla & Associates provides concurrent audit services designed to strengthen internal controls, detect issues early, and ensure ongoing compliance.
What is Concurrent Audit?
Concurrent audit is a continuous audit process where transactions are verified on a real-time or near real-time basis.
It is commonly used by banks, financial institutions, and large organizations to ensure that financial activities are accurate, compliant, and properly controlled.
- Continuous verification of financial transactions
- Review of internal controls and procedures
- Detection of errors and irregularities at an early stage
- Ensuring compliance with policies and regulations
- Monitoring high-risk transactions
Where Concurrent Audit is Applicable
- Banks and financial institutions
- NBFCs and lending businesses
- Large corporates with high transaction volumes
- Organizations with complex financial operations
- Entities requiring strict internal control systems
Documents & Data Required
- Access to accounting systems and records
- Transaction data and supporting documents
- Internal policies and control procedures
- Previous audit reports
- Details of high-risk areas or transactions
Risks of Not Having Concurrent Audit
- Delayed detection of errors or fraud
- Weak internal controls
- Increased financial and compliance risks
- Operational inefficiencies
- Regulatory non-compliance
Concurrent Audit Process (Step-by-Step)
- Understanding business processes and risk areas
- Setting audit scope and frequency
- Continuous transaction verification
- Identifying discrepancies and control gaps
- Reporting observations regularly
- Recommending corrective actions
- Follow-up and monitoring improvements
Why Choose N D Savla & Associates?
Real-Time Monitoring
Continuous audit approach for immediate issue detection.
Strong Risk Control
Early identification of risks and control weaknesses.
Experienced Team
Professionals with expertise in banking and corporate audits.
Detailed Reporting
Clear insights with actionable recommendations.
Practical Advisory
Improving systems, processes, and compliance.
Confidential Handling
Secure and professional management of financial data.