Concurrent Audit

Prevention is always better than cure and that’s what Concurrent Audit helps us to do. The Concurrent Audit is a systematic examination of all financial transactions conducted at banks on a continuous basis to ensure accuracy and due compliance with the internal systems, procedures and guidelines of the RBI. It works as an early-warning system to ensure timely detection of irregularities and lapses in the system, functioning and process of the banks while simultaneously reporting it and undertaking steps to overcome any irregularities. RAMA performs Concurrent Audit of CPC’s, Branches, Treasury – Front office, Back Office, Mid Office, etc.