Overview
Overview
Banks appoint chartered accountants for ongoing concurrent audits and year-end branch audits to strengthen controls and support statutory reporting.
Our team carries out these assignments in line with the bank's audit programme and RBI guidance.
Who this is for
- Public and private sector banks
- Co-operative banks
- NBFCs and financial institutions
Scope of work
The precise scope is confirmed in writing for each engagement. It typically includes:
- Concurrent audit of branches and processes
- Revenue and income leakage audit
- Statutory branch audit
- Reporting in the bank's prescribed formats
Documents usually required
- 01Audit programme and checklists from the bank
- 02System access as authorised by the bank
We share a checklist specific to your case. Please do not send identity or financial documents by email — existing clients can upload them securely through the client portal.
How we work
- 1
Engagement acceptance
Independence checks, engagement letter and agreement on scope, timelines and reporting.
- 2
Planning & risk assessment
Understanding the entity, its controls and the areas that need the most attention.
- 3
Fieldwork
Testing of transactions, balances and controls, on-site or remotely, with regular status updates.
- 4
Discussion of findings
Observations are discussed with management before the report is finalised.
- 5
Reporting
Issue of the report in the applicable format, along with a management letter where relevant.
Frequently asked questions
Is the firm empanelled with banks?
Empanelment status is shown in our profile and is subject to the regulator's and banks' criteria.
Last updated 11 Oct 2026. This page is general information, not professional advice. Applicability depends on your facts and the law in force; we do not guarantee any particular outcome, saving, registration or approval.