Assessment of ERP/IT systems for data integrity, security, and compliance.
In today’s technology-driven business environment, the reliability and security of IT systems directly impact financial reporting, data integrity, and regulatory compliance. At CHOWDARY & RAO, our Systems Audit services are designed to assess the robustness, accuracy, and risk profile of an organization’s IT infrastructure, including ERP systems, core banking software, and enterprise applications. We help organizations identify vulnerabilities, improve controls, and ensure that their digital assets support operational and compliance objectives effectively.
Our audit methodology involves a thorough examination of system configurations, access controls, data flow architecture, disaster recovery procedures, and information security protocols. We also assess system-generated financial and operational reports for accuracy and completeness. Where required, we evaluate compliance with relevant IT laws, data protection regulations, and standards such as ISO/IEC 27001. Our approach balances technical assessment with business relevance, enabling clients to understand both control weaknesses and improvement opportunities in their digital ecosystems.
Whether you are a growing enterprise scaling up technology, a regulated entity subject to compliance audits, or an organization undergoing digital transformation, our system audits offer valuable insights. We have experience auditing various ERP platforms such as SAP, Oracle, Tally ERP, and sector-specific tools across banking, manufacturing, logistics, and service industries. Our assessments are conducted with independence, confidentiality, and adherence to ICAI’s guidelines, ensuring that clients receive reliable, risk-aware, and objective findings to strengthen their digital control environment.
Effective asset oversight is critical for financial institutions, especially in scenarios involving large exposures, stressed assets, or early warning signals. At CHOWDARY & RAO, our Assets Specialised Monitoring services are tailored to provide independent, continuous evaluation of high-value or risk-sensitive accounts for banks, NBFCs, and financial intermediaries. We help institutions identify deviations, assess asset quality, and ensure that corrective measures are taken in a timely and structured manner.
Our monitoring framework covers a detailed review of sanctioned terms, end-use verification of funds, performance tracking against projections, and identification of financial or operational stress indicators. In addition to physical verification of primary and collateral securities, we also assess borrower compliance with financial covenants, repayment behavior, and management responsiveness. This approach helps mitigate the risk of slippages, supports informed credit decisions, and contributes to overall portfolio health.
We work closely with risk and credit teams to deliver customized reporting formats, early warning dashboards, and field-level intelligence. Our experience includes monitoring of term loans, working capital limits, and specialized funding such as infrastructure, real estate, and manufacturing projects. All monitoring is conducted with independence, integrity, and a commitment to maintaining the confidentiality of sensitive borrower information, ensuring that our clients receive reliable and actionable insights in line with regulatory expectations and professional standards.
Concurrent audits are an essential tool for strengthening real-time internal controls and ensuring continuous compliance within the banking and financial services sector. At CHOWDARY & RAO, our Concurrent Audit services are designed to provide banks and NBFCs with timely, transaction-level verification that minimizes operational risks and enhances regulatory adherence. Our objective is to support the institution in maintaining financial discipline, preventing revenue leakage, and ensuring the early detection of irregularities.
Our audit coverage includes daily or periodic review of key areas such as cash and treasury operations, loan disbursements, KYC/AML compliance, credit monitoring, and income recognition. We focus on compliance with RBI guidelines, internal policies, and system controls, while also evaluating the quality and completeness of documentation. Through systematic sampling, exception reporting, and on-site verification, we deliver insights that help management take corrective actions proactively. Our audit teams are trained to work seamlessly within Core Banking Solutions (CBS) and other financial systems, ensuring a smooth and efficient audit process.
With experience across public sector banks, private financial institutions, and rural financial entities, our approach is tailored to the size, risk profile, and operational complexity of each branch or unit. We provide detailed audit reports, risk flags, and compliance summaries to empower senior management and audit committees with the information needed for better oversight. All engagements are conducted in strict accordance with RBI norms and ICAI guidance, ensuring objectivity, confidentiality, and professional diligence at every stage.
Sound credit decisions form the backbone of a healthy lending portfolio. At CHOWDARY & RAO, our Loan Appraisal and Credit Audit services are designed to support financial institutions in evaluating the quality, integrity, and viability of credit proposals and disbursed loans. We provide an independent review of lending processes, risk assessment mechanisms, and adherence to internal and regulatory credit policies to safeguard the institution's interests.
Our loan appraisal audits involve a thorough evaluation of the borrower’s financial standing, business model, projected cash flows, collateral security, and creditworthiness. We also verify compliance with sanctioned terms, documentation standards, and regulatory conditions before and after disbursement. In cases of large or complex exposures, we assess project feasibility, end-use of funds, and risk mitigation measures. These assessments are tailored to ensure that loans are being sanctioned on sound financial and operational grounds.
In our credit audits, we examine the performance of loan accounts post-sanction, including repayment behavior, covenant compliance, and early warning indicators. Our services extend to both retail and corporate credit, including term loans, working capital, export finance, and specialized funding products. With our structured approach and sectoral expertise, we help credit committees, risk departments, and senior management strengthen credit oversight, minimize default risks, and align lending practices with institutional goals. All work is performed in accordance with regulatory expectations, RBI circulars, and professional audit standards, maintaining objectivity and confidentiality throughout.
The early identification and resolution of non-performing assets (NPAs) is vital to the financial stability and regulatory standing of any lending institution. At CHOWDARY & RAO, our NPA Monitoring and Recovery Advisory services are designed to support banks and NBFCs in strengthening their asset quality through proactive risk assessment, account tracking, and strategic recovery interventions. Our services aim to improve credit portfolio health, reduce slippage, and support compliance with RBI guidelines on asset classification and provisioning.
Our methodology includes continuous monitoring of overdue accounts, analysis of repayment patterns, and review of documentation to identify early warning signs. We assist in classifying accounts appropriately based on RBI norms, calculating provisioning requirements, and preparing audit-compliant asset quality review (AQR) documentation. In cases of restructured or stressed accounts, we advise on resolution strategies, including one-time settlements (OTS), revival packages, and legal remedies. Our approach is solution-oriented, combining data-driven insights with practical recovery strategies.
We also support lenders in streamlining their recovery processes through documentation checks, borrower profiling, collateral evaluation, and follow-ups on legal enforcement mechanisms such as SARFAESI, DRT, and IBC proceedings. Our team works closely with internal risk and recovery departments to ensure that monitoring is continuous, structured, and legally robust. With our extensive experience and sectoral insights, we help institutions reduce credit risk exposure while upholding professional independence, regulatory compliance, and ethical diligence at every step.