Assignments
- Concurrent audit – ongoing review of branch transactions, advances, KYC and compliance
- Revenue audit – checking interest, charges and income leakage
- Stock and receivables audit for borrowers’ working capital limits
- Credit audit and special investigations as required
Approach
Assignments follow the bank’s scope, checklists and reporting formats, the RBI’s guidelines and ICAI’s standards. Findings are discussed with branch management before the report is finalised.
Frequently asked questions
How are bank audits allotted?
Banks allot audits to firms on their panels, based on their own empanelment criteria.
Do you also help borrowers?
Yes, with stock statements, CMA data and preparation for stock audits. See stock audit.
Can a firm audit a bank and its borrower?
Independence rules apply. We follow the restrictions that apply to each assignment.
This page gives general information about Agar & Co. and its services. It is not an advertisement or solicitation, and it should not be treated as professional advice. Rates, thresholds and due dates change from time to time.