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.

Concurrent audit has gained immense popularity across the globe resulting in huge demand for certified professionals.

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.

Concurrent audit certified professionals, executives and managers are in high demand in companies across the globe.

Who should take the Concurrent Audit Exam?

• Finance professionals
  
• Internal Audit Manager
• Revenue Chart Auditor
• Financial Control Analyst
• Branch Manager
• Operation Manager

Knowledge and Skills required for the Concurrent Audit

Critical thinking and communication skills helps candidate to gain quick success for career in concurrent audit.

Concurrent Audit Practice Exam Objectives

Concurrent Audit exam focuses on assessing your skills and knowledge in auditing.

Concurrent Audit Practice Exam Pre-requisite

There are no prerequisites for the Concurrent Audit exam. Candidates who are well versed  in auditing can easily clear the exam.

Concurrent Audit Certification Course Outline

1. Effective Concurrent Audit
2. Legal and Regulatory Framework
3. Loans and Advances
4. FOREX & TRADE
5. Fraud Detection, Classification, and Reporting
6. Concurrent Audit Procedures
7. Software Usage in Banks

Exam Format and Information

Certification name – Certificate in Concurrent Audit
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199