Concurrent Audit definition

Concurrent Audit means a post audit of a day-to- day accounts of a specified period, with a general review of the accounts from time to time;

Concurrent Audit means concurrent audit of investments made by Portfolio Manager(s), ETF Manager(s) and Custodian

Concurrent Audit means continuous audit of accounts of a local authority by auditors specially appointed by the Government by virtue of the powers conferred on them by the relevant enactments;

Examples of Concurrent Audit in a sentence

• The Company’s internal control systems are further supplemented by an extensive programme of internal audit and also by Concurrent Audit by an independent firm of Chartered Accountants.

• Bank may call for a presentation before the Selection Committee of the Bank by the eligible firms on their understanding of the key considerations for Concurrent Audit, proposed Methodology and Approach to be adopted for the Bank, and the proposed team.

• The objective is to provide ‘best in class’ Concurrent Audit services to the Bank.

• Each Recipient acknowledges and accepts that the Bank may, in its sole and absolute discretion, apply whatever criteria it deems appropriate in the selection of Concurrent Auditor for carrying out Concurrent Audit of Specialized Unit - Specialized Integrated Treasury Branch (SITB) Mumbai, Treasury of erstwhile Vijaya Bank & Treasury of erstwhile Dena Bank for -12- months from 01.04.2020 to 31.03.2021, not limited to those selection criteria set out in this RFP document.

• Concurrent Audit is a systematic examination of financial transaction on a regular basis to ensure accuracy, authenticity, compliance with procedure and guidelines.

• The Concurrent Audits should be conducted in the branches / outfits as per the agreed time frame as per WBCAS / Bank's Concurrent Audit Manual, a copy / soft copy of which will be made available to selected firms after allotment of a branch / outfit.

• The Concurrent Audit are to be carried out by the firm for systematic examination of all financial transactions on continuous basis to ensure the accuracy and compliance with the internal system, procedures and guidelines as laid down by AAI.

• Short listed CA firms, refusing to accept Concurrent Audit assignment shall not be eligible for further assignment for next three years.

• All the departments as indicated in Annex-B shall be covered under Concurrent Audit.

• Unit III : Audit and Accounting StandardsTypes of Audit - Statutory Audit - Concurrent Audit - Stock Audit - Cost Audit - Secretarial Audit - CAG Audit - Management Audit.

More Definitions of Concurrent Audit

Concurrent Audit means a continuous post audit of accounts of day-to-day transactions;

Concurrent Audit means audit on the spot either simultaneously with or soon after the making of payment, withdrawal or adjustment out of a Local Fund;

Concurrent Audit means a complete audit of an account accomplished within 60 days of patient discharge, normally performed in the calendar month that follows the month of discharge date.

Concurrent Audit means audit of account of a society of an accounting year to be conducted on day to day regu larly during the current year.

Concurrent Audit means continuous audit of accounts of a local authority by auditors specially appointed by the Government by virtue of the powers

Concurrent Audit means the monthly internal check of the transactions and other verifications, and compliance with Canara’s procedures carried out by the Internal Auditors using a checklist provided by Canara;