Patel Mehta & Associates Service

Bank Audits – Concurrent

Our Concurrent audit assignment starts with Audit plan wherein we cover the areas that we intend to cover during our audit, nature of transactions at the branch, manpower attached to each function and balances and checks attached to each transaction.
We include following areas for concurrent audit assignment:

General Banking

  • Verification of cash transaction, clearing transactions, Deposits
  • Verification of KYC policy of the bank and its adherence

Treasury & Forex

  • Adherence to regulatory guidelines
  • Periodic confirmation of derivative contracts
  • Ensuring correct application of exchange rates and its valuation in books

Loans and Advances

  • Fulfillment of KYC norms and proper documentation
  • Details of Primary and collateral security mortgaged with bank and creation of charge with ROC
  • Timely submission of stock statements and proper calculation of DP


  • Adherence to RBI guidelines and Banks internal policies
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404, W1, Inside Lane of Newyork Timber Mart, Opp. PSP Projects corporate house, Nr. Antriksh Colony BRTS Stop, Off. Iscon Ambli Road, Ahmedabad - 380058
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Copyright by Patel Mehta & Associates. All rights reserved.

Copyright by Patel Mehta & Associates. All rights reserved.