Statutory audits are mandated by the Banking Regulation Act, 1949 and supervised by the Reserve Bank of India (RBI). As an empaneled audit firm, we conduct statutory audits for banks to ensure that their financial statements present a true and fair view of their financial position. Our statutory audit services include:
By conducting a meticulous statutory audit, we help banks mitigate risks, identify financial discrepancies, and maintain investor and stakeholder confidence.
Concurrent audits are real-time transaction audits designed to detect and prevent fraud, operational risks, and compliance lapses at an early stage. As an integral part of the banking risk management framework, our concurrent audit services include:
Our concurrent audit services help banks enhance operational efficiency, improve financial integrity, and minimize regulatory risks.
Internal audits serve as a self-assessment mechanism for banks to evaluate and improve their internal controls, risk management practices, and operational efficiency. Our internal audit services cover:
By conducting thorough internal audits, we help banks streamline processes, strengthen governance, and safeguard against financial risks.
Banks that provide working capital loans to businesses must ensure that the borrower’s stock and receivables are adequate and accurately reported. Our firm assists in:
This audit is crucial in mitigating loan default risks and ensuring banks lend against genuine and sufficient collateral.
Revenue audits help banks identify revenue leakages, verify income recognition policies, and ensure financial accuracy. Our revenue audit services include:
This audit helps banks maximize revenue efficiency while ensuring regulatory compliance.
As digital banking grows, cybersecurity threats and IT governance issues have become major concerns. Our IS and cybersecurity audit services help banks:
We help banks safeguard their IT infrastructure against cyber threats and ensure compliance with regulatory IT frameworks.
Risk-Based Internal Audits (RBIA) ensure that banks comply with Basel III norms and RBI’s risk management framework. Our services include:
This audit helps banks align their risk strategies with global banking regulations.
In cases of fraud, financial irregularities, or mergers & acquisitions, banks require forensic audits and due diligence services, which include:
Our expertise in forensic audits helps banks detect financial misconduct and take corrective action.
Banks need credit audits to assess the health of their loan portfolios. Our firm provides:
This ensures that banks maintain a strong and balanced loan portfolio.
Banks undergo RBI inspections and various regulatory audits. We assist in:
Our compliance audits prepare banks for regulatory scrutiny and improve their governance frameworks.
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