Statutory bank branch audit, concurrent audit, and revenue audit for banks and financial institutions — conducted by empanelled Chartered Accountants with deep banking sector expertise.
Bank audits are specialised engagements requiring deep knowledge of RBI guidelines, banking regulations, and the unique risks of financial institutions. AccentTax Consulting provides statutory bank branch audit, concurrent audit, and revenue audit services for public sector banks, private banks, and cooperative banks.
Our bank audit team is experienced in examining advances portfolios (NPA classification, provisioning), income recognition, KYC/AML compliance, treasury operations, and branch-level controls. We conduct audits in strict accordance with RBI guidelines, ICAI guidance notes, and the bank's internal audit manual.
At a Glance
✦ Who is this for
Bank branches (public sector, private sector, cooperative), NBFCs, Microfinance institutions, Housing finance companies
✦ Governed by
Banking Regulation Act, 1949 | RBI Guidelines | ICAI Guidance Note on Bank Audits | Income Recognition and Asset Classification (IRAC) Norms
✦ Estimated timeline
Concurrent audit: Monthly | Statutory branch audit: 3–4 weeks (March year-end)
✦ Our fee
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Key advantages of engaging AccentTax Consulting for Bank Audit & Concurrent Audit.
Accurate NPA identification and provisioning in accordance with RBI's IRAC norms — protecting the bank from regulatory action.
Real-time transaction monitoring through concurrent audit — catching errors and irregularities before they become material.
Identification of income leakages — interest undercharging, fee non-recovery, and forex income gaps.
Comprehensive review of KYC/AML compliance, priority sector lending, and other RBI regulatory requirements.
Simple, transparent, and fully managed by our team.
Formal appointment by the bank / RBI empanelment. We obtain the audit programme and previous audit reports.
Examination of loan accounts — NPA classification, provisioning adequacy, security valuation, and documentation.
Verification of interest income, fee income, and expenditure — identifying income leakages and overstatements.
Verification of deposits, borrowings, investments, and other balance sheet items.
Review of KYC/AML compliance, priority sector lending, cash management, and other RBI guidelines.
Issue of audit report, Long Form Audit Report (LFAR), and tax audit report (if applicable).
Formal appointment by the bank / RBI empanelment. We obtain the audit programme and previous audit reports.
Examination of loan accounts — NPA classification, provisioning adequacy, security valuation, and documentation.
Verification of interest income, fee income, and expenditure — identifying income leakages and overstatements.
Verification of deposits, borrowings, investments, and other balance sheet items.
Review of KYC/AML compliance, priority sector lending, cash management, and other RBI guidelines.
Issue of audit report, Long Form Audit Report (LFAR), and tax audit report (if applicable).
We handle everything — you just provide documents.
Don't have all documents ready? Contact us — we'll guide you step by step.
Send Documents on WhatsAppStatutory branch audit: 3–4 weeks | Concurrent audit: Monthly reporting cycle
Statutory bank branch audits are typically conducted in April–May for the March year-end. Concurrent audit is an ongoing monthly engagement.
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All fees exclude 18% GST. Transparent pricing, no hidden charges.
Our team responds within 1 hour.