Real-Time Assurance · Panaji, Goa
Real-time, transaction-level assurance for banks, NBFCs and large businesses across Goa — catching errors, income leakage and compliance gaps as they happen, not months later.
Overview
A concurrent audit examines transactions in real time, so problems surface while they can still be fixed — not after year-end. For banks and NBFCs it is a frontline control over advances, income and compliance; for large businesses it protects revenue and enforces policy across locations.
N D Savla & Associates runs disciplined concurrent audits across Goa with structured checklists, experienced teams and prompt, actionable reporting. It complements our internal audit and revenue audit services for end-to-end control.
Verification of loan sanctions, documentation, security and limit compliance.
Checking interest, commission and charges to detect and recover income leakage.
Daily verification of cash, clearing and deposit transactions.
KYC/AML checks and adherence to internal circulars and regulatory norms.
Review of housekeeping, lockers, and operational controls.
Frequent reports with immediate escalation of high-risk findings.
Our process
Align scope with the bank's or business's requirements.
Ongoing verification of transactions against checklists.
Immediate flagging of serious irregularities.
Structured periodic reports with recommendations.
Frequently asked questions
An ongoing, real-time examination of transactions as they happen, rather than after period-end. Most common in banks, it verifies advances, deposits, income, compliance and operations continuously to detect errors and irregularities early.
They catch issues in near real time — incorrect interest, KYC and documentation lapses, income leakage, limit breaches and policy deviations — before they escalate, strengthening control and supporting regulatory compliance.
Advances and documentation, cash and clearing, deposits, income and expenditure verification, KYC/AML compliance, forex where applicable, lockers and housekeeping, and adherence to internal circulars and regulatory norms.
Internal audit is periodic and risk-based, reviewing controls at intervals; concurrent audit is continuous and transaction-focused, examining day-to-day activity in real time. The two are complementary.
Yes. Large businesses with high transaction volumes — billing, procurement, cash collection, revenue — use concurrent audit for real-time control, leakage prevention and policy compliance across locations.
Reporting is frequent — often monthly — with immediate flagging of serious irregularities. We agree the format, frequency and escalation of high-risk observations with the bank or business.
Yes. We undertake concurrent audits for bank branches and businesses across Goa, with experienced teams, structured checklists and timely, actionable reporting.
Scope follows the mandate and risk profile; fee depends on transaction volume, coverage and reporting frequency. We agree both clearly at the outset on a transparent basis.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll scope a concurrent audit that protects your transactions and revenue — no obligation.