Concurrent Auditing

We provide reliable Concurrent Auditing services to the clients. The concept of concurrent audit has been introduced to reduce time gap between occurrences of transaction and is overview or checking. Concurrent Auditing serves the purpose of effective internal control but concerned auditor has to follow some described guidelines of predefined standards. Generally, the Concurrent Audit is conducted in the branches of banks as the Reserve Bank of India and Banks have put a great responsibility on Chartered Accountants by appointing them as Concurrent Auditor of branches. As per the circular issued by RBI dated July-2-2012, checking of guidelines for Know Your Customer (KYC) norms, Anti Money Laundering (AML) Standards, combating of financing of terrorism (CFT), obligation of banks under PMLA, 2002, has become mandatory. Other complimentary Concurrent Auditing services include Issuance of AML certificate.

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