Concurrent Audit
About Concurrent Audit
Concurrent audit refers to a concurrent investigation of the financial transactions, or investigation while the transaction is actually taking place. It is a component of a bank's early warning system for prompt identification of errors or abnormalities.
Why is Concurrent Audit important?
Concurrent auditing should be viewed as a component of a bank's early-warning system to guarantee prompt identification of flaws and abnormalities, which aids in avoiding fraudulent branch transactions.
The goal of concurrent audits is to make sure that financial transactions are audited as quickly as possible so that corrective action may be taken to correct errors and to verify that the branch consistently follows the established processes and procedures.
Who should take the Concurrent Audit Exam?
- Internal Audit Manager
- Revenue Chart Auditor
- Financial Control Analyst
- Branch Manager
- Operation Manager
Concurrent Audit Certification Course Outline
- Effective Concurrent Audit
- Legal and Regulatory Framework
- Loans and Advances
- FOREX & TRADE
- Fraud Detection, Classification, and Reporting
- Concurrent Audit Procedures
- Software Usage in Banks