Concurrent Audit, Location Pan India, Type Of Service Audit Service

Abk participates in concurrent audit of banks along with various agencies concurrent audthis item operates as an examination which acts as contemporaneous with the occurrence of transactions or is executed as near thereto as possible. It attempts to shorten the interval between a transaction and its examination by an independent person not in its documentation. In an option, Concurrent audit exists for an emphasis in favour of substantive checking in key areas rather than test checking. Concurrent audits are a systematic and timely examination of the financial transactions at frequent intervals basaims to guarantee accuracy, Authenticity and compliance with procedures and guidelines. Concurrent audits do not emphasis test checking but substantial checking of a transaction. The main objective is to detect arithmetical errors and manipulation deliberately made if any . Our effort is to conduct concurrent audits as outlined by the extent of the entity and it usually includes analysis of the entire business of the entity. A systems review to grasp the existing system and procedures, To allow us to suggest areas for system improvement and strengthening of controls. Ascertaining whether sanctions for advances and expenditures is taken from a competent authority. Ensuring compliance with the procedures and policies. Analysis of the funds flow statement and analysis of the utilization of the funds & various resources that were available. Detection and arresting of leakages if any, Of income .