Overview
Concurrent audits are conducted on a continuous basis, mainly in banks and financial institutions, to ensure real-time monitoring of transactions.
Concurrent Audit
Benefits
- Detects irregularities on a real-time basis.
- Strengthens internal checks and balances.
- Improves adherence to regulatory norms.
Who Should Opt
- Banks and NBFCs.
- Large corporates handling frequent transactions.
- Organizations needing continuous compliance checks.
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Important Audit Resources
Quick access to regulatory bodies and audit-related portals.