It is the simultaneous examination of books of accounts along with the occurrence of transactions. It revolves around substantive testing of transactions of key areas rather than testing transactions on sample basis. It shortens the time lag between the booking of transaction and examination of the same. Concurrent audit is essentially done for establishing a sound internal accounting system and effective controls to preclude the incidence of serious errors and early detection of fraudulent transactions.
Following are some of the key areas covered under concurrent audit services:
No specified period has been defined for the period of concurrent audit. Since audit is done parallel to booking of transactions itself therefore it is done for a shorter period of time primarily varying on the operations of the entity.
We have adequate experience in the field of concurrent audit to provide a qualitative service to all our clients. Our team dedicatedly analyse transactions keeping in mind the appropriateness of the same. We at M S B provide subjective feedback in our reports which helps our clients to identify areas which needs to be worked upon. We strive to be the best amongst our competition and aim to build long lasting client relations.Hire Us For Better Services