Bank & Internal Audit

Bank & Internal Audit

Specialist bank audit and concurrent audit services by CA Shivali Deopujari, combined with risk-based internal audit for corporates and NBFCs.

What This Covers

Bank & Internal Audit

CA Shivali Deopujari of Jatin Karda & Co. has 5+ years of specialist experience in concurrent and statutory bank audit across scheduled commercial banks. For corporates, our risk-based internal audit provides actionable recommendations on operational controls and fraud prevention.

  • Concurrent audit — monthly review of bank branch transactions
  • Statutory bank branch audit — annual RBI-prescribed audit
  • Revenue audit — income leakage identification at bank branches
  • Internal audit for corporates, NBFCs, and manufacturing companies
  • Process audit and SOP review
How It Works
01
Scope & Planning
Audit scope, risk areas, and focus points agreed. Prior period reports reviewed.
02
Transaction Testing
For bank audit: vouching of loan documents, KYC compliance, NPA identification, income recognition.
03
Control Testing
Operating effectiveness of key controls tested. Deviations documented with root cause analysis.
04
Report Drafting
Findings documented with risk rating (High/Medium/Low), management comments, and recommendations.
05
Management Presentation
Findings presented with agreed action plan and timelines.
What You Receive
Concurrent Audit Report (monthly)
Statutory Audit Report
Revenue Audit Report
Internal Audit Report with Risk Rating
Management Action Plan
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Mon – Sat  ·  10:30 AM – 8:30 PM IST
Ideal For

Who Needs This Service?

Bank audit assignments are typically bank-assigned. Internal audit is valuable for any business needing independent operational oversight.

🏦
Scheduled Commercial Banks

Concurrent and statutory audit for bank branches across Maharashtra.

🏢
Corporates & NBFCs

Risk-based internal audit for companies with complex operations or investor requirements.

🏭
Manufacturing Companies

Process audit covering inventory, purchase controls, and financial reporting.

📊
Companies with Audit Committees

Independent internal audit for boards strengthening governance under Companies Act.

Common Questions

Frequently Asked Questions

Real-time, continuous audit of banking transactions conducted monthly. Identifies errors, KYC gaps, NPA misclassification, and income leakages before they become systemic.

Under Companies Act 2013, internal audit is mandatory for listed companies and unlisted companies above specified thresholds of paid-up capital, turnover, or borrowing.

Typically monthly for high-risk areas (cash, inventory), quarterly for medium-risk processes, and annually for low-risk areas.

Revenue audit identifies income leakages — interest not charged, fees not levied, forex spread errors — that reduce branch profitability. Distinct from concurrent audit which focuses on compliance.

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