Concurrent audits play a pivotal role in ensuring real-time oversight and control over critical operations, particularly in the banking and financial services sector. At CHOWDARY & RAO, our Concurrent Audit services are designed to provide early detection of irregularities, improve operational efficiency, and ensure strict compliance with regulatory guidelines. We serve banks, NBFCs, and other financial institutions with a structured, independent review mechanism aligned with RBI’s framework.

Our audit coverage typically includes verification of loan disbursements, adherence to KYC/AML norms, scrutiny of cash transactions, interest application, reconciliation processes, and compliance with internal policies and RBI directions. We also evaluate branch-level functioning, asset classification, document completeness, and income leakage. By conducting audits on a near real-time basis, we assist clients in identifying control lapses and operational risks before they escalate into material non-compliances or reputational concerns.

With experience across urban, rural, cooperative, and private banking institutions, our team is adept at working within Core Banking Systems (CBS) and adapting to institution-specific procedures. We offer structured reporting, escalation of key observations, and periodic dashboards to assist audit committees and compliance officers in decision-making. All our audit engagements are conducted with strict adherence to ICAI’s Standards on Auditing and the Code of Ethics, ensuring professional independence, objectivity, and confidentiality throughout.