Concurrent Audit — Real-Time Control Assurance.
Transaction-level review conducted alongside day-to-day operations, not after the fact — built for banks, NBFCs and businesses handling high transaction volumes.
Book Free ConsultationConcurrent audit is a real-time, transaction-level review carried out alongside day-to-day operations rather than after the books are closed. It is commonly mandated by regulators for banks, NBFCs and large financial institutions, and is increasingly adopted voluntarily by businesses that need continuous assurance over high-volume operations. At N D Savla & Associates, our concurrent audit teams work close to the transaction, catching irregularities while they are still correctable.
We provide concurrent audit coverage to banks, NBFCs and financial institutions across Nashik, Nagpur and Maharashtra, structuring on-site or hybrid coverage around your branch or operational calendar.
What Our Concurrent Audit Covers
Transaction-Level Review
Real-time checking of transactions as they occur, rather than sample-based review after the period closes.
Regulatory Compliance Checks
Verification against RBI and other regulatory guidelines applicable to banks and NBFCs.
Cash & Documentation Verification
Checks on cash handling, KYC documentation and sanction terms for loans and advances.
Revenue Leakage Checks
Identification of income not correctly recognised or charges not correctly levied.
Advances & NPA Monitoring
Review of loan disbursement, documentation and early warning signals for asset quality.
Deposit & Investment Verification
Checks on deposit accounts and investment transactions for procedural compliance.
Daily/Periodic Reporting
Findings reported on a daily, weekly or monthly cadence so issues are flagged while still fresh.
Coordination with Statutory Auditors
Working papers structured to support the subsequent statutory and internal audit cycle.
Our Concurrent Audit Process
Scope & Coverage Planning
We agree the branches, products or processes to be covered and the reporting frequency required.
On-Site/Hybrid Deployment
Our team is deployed at your location or works with real-time access to transaction records.
Continuous Verification
Transactions are checked against policy, documentation and regulatory requirements as they happen.
Immediate Flagging
Irregularities are flagged to branch or process owners immediately, not weeks later.
Periodic Consolidated Reporting
A consolidated report is issued on the agreed cycle, along with an escalation trail for unresolved items.
Why It Matters
Frequently Asked Questions
Need continuous, real-time audit coverage?
Tell us your branch or transaction volume — we'll structure a concurrent audit plan that fits your regulatory and operational needs.
