Audit under RBI/NABARD/CAG Mandates
Audit under RBI/NABARD/CAG Mandates
Audits conducted under RBI, NABARD, and CAG mandates are essential for ensuring compliance with regulatory, statutory, and government requirements. These audits support financial institutions in maintaining operational discipline, regulatory conformity, and financial transparency in alignment with central bank and government directives.
Singh Gulati & Associates provides end-to-end support in carrying out mandated audits, evaluating compliance with applicable regulations, internal control frameworks, and financial reporting requirements. We assist institutions in identifying gaps, mitigating risks, and ensuring timely submission of reports to regulators and statutory authorities.
About This Service
Our services include audits carried out in accordance with RBI mandates, covering banking operations, loans and advances, deposits, treasury functions, and compliance with regulatory requirements.
We also undertake audits as per NABARD guidelines, evaluating agricultural finance, rural credit operations, and adherence to statutory as well as funding norms.
Further, we support audits mandated by the Comptroller and Auditor General of India (CAG), encompassing financial and operational reviews, compliance evaluations, and statutory reporting requirements.
We prepare comprehensive audit reports highlighting observations, discrepancies, risk exposures, and actionable recommendations. These reports act as vital tools for management, regulators, and auditors to ensure compliance, accountability, and operational effectiveness.
Key Features / Scope of Work
Audits as per RBI guidelines covering banking operations, loans, deposits, and treasury activities
NABARD audits including rural finance, agricultural lending, and statutory compliance
CAG-mandated audits for financial and operational compliance
Evaluation of internal controls, risk management systems, and regulatory adherence
Identification of discrepancies, errors, and non-compliance with statutory requirements
Advisory on process improvements and strengthening of compliance frameworks
Preparation of detailed audit reports with findings, recommendations, and risk analysis
Support to management, auditors, and regulators for effective decision-making and governance
- Specialized & Bank-Related Audits
- Concurrent Audits (Banks, NBFCs, Financial Institutions, Payment Banks)
- Retail Assets & Retail Liabilities Audit
- Treasury, Forex & Depositories Audits
- KYC (includes Video KYC)/ AML Audits
- Third Party Vendor Audits
- AR Due diligence
- Stock Audits (for Working Capital Financing)
- Revenue & Expense Audits
- Branch Statutory Audit (BSA) & Central Statutory Audit (CSA)
- Audit under RBI/NABARD/CAG Mandates
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