Concurrent Audits (Banks, NBFCs, Financial Institutions, Payment Banks)

Our concurrent audit services at Singh Gulati & Associates include on-site and off-site audits of banking operations, loans, advances, deposits, and financial transactions, ensuring compliance with regulatory guidelines and internal policies.

We assess operational efficiency, risk management, and the effectiveness of internal controls, identifying gaps and recommending corrective actions to strengthen financial and operational governance.

Beyond financial review, we provide advisory services on compliance with RBI guidelines, statutory provisions, and internal policies, helping institutions mitigate risks and enhance accountability.

We prepare detailed concurrent audit reports highlighting findings, deviations, and recommendations. These reports serve as essential tools for management, auditors, and regulators to implement corrective actions and improve operational performance.

Key Features / Scope of Work

• On-site and off-site concurrent audits of banks, NBFCs, financial institutions, and payment banks.

• Assessment of loans, advances, deposits, and financial transactions for compliance.

• Evaluation of internal controls, risk management, and operational efficiency.

• Identification of irregularities, errors, or potential frauds.

• Advisory on compliance with RBI guidelines, statutory provisions, and internal policies.

• Preparation of detailed concurrent audit reports with findings and recommendations.

• Support for management, auditors, and regulators in decision-making.

• Enhancement of transparency, risk mitigation, and operational governance.

We review income and expense records, depreciation calculations, eligible deductions, and compliance with TDS and TCS regulations. Our services also include preparation and certification of the statutory audit reports in Form 3CA or 3CB along with Form 3CD, covering compliance across more than 40 specified reporting clauses.

Our methodology focuses on precision, transparency, and value creation. In addition to meeting statutory obligations, we identify potential tax risks, weaknesses in internal controls, and opportunities for process improvements that can improve efficiency and mitigate the risk of penalties or disputes.

By partnering with us, businesses can be assured that their tax matters are handled diligently and in accordance with the highest compliance standards, helping protect their reputation and reduce exposure to regulatory scrutiny.