Is Your Bank Using the Right Concurrent Audit Checklist?

Bank Audit Checklist & Procedure: Concurrent Audit By Mayashree Acharya Updated on: October 12, 2021 Financial institutions, especially banks , necessitate a comprehensive continuous monitoring mechanism for transactions, with concurrent audit playing a pivotal role. This audit process provides a real-time examination of financial transactions, acting as an early warning system to quickly identify possible irregularities or issues.