Concurrent Audit definition

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

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;

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

Examples of Concurrent Audit in a sentence

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

• The Statutory Auditors are required to certify that the Concurrent Audit and the internal control systems are working satisfactorily.

• AMCs should put in place a system of Concurrent Audit of the transactions undertaken by them.

• 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.

• AMCs having multiple branches, may put in place a system of Concurrent Audit which will cover 80 per cent of the transactions value-wise under a system of monthly audit and rest 20 per cent of the transactions value-wise under quarterly audit.

• Content of Concurrent Audit Report & Executive Summary Report Section 11: Key TimelinesSection 12: Appointment & Selection of Concurrent Auditors (including guidelines for submission of proposal)Section 13: District wise detail of Health Institutions Under NHM,HARYANA Section 14: Responsibility of District Health Societies.Section 15: Facilitation of the Audit Section 16: Some important Issues Section 17: Monitoring & EvaluationSection 18: Technical evaluation & selection methodology.

• After Audit Automation Concurrent Audit work will be executed through automated tool.

• 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.

• Hence, the Audit firm, can at the maximum hold not more than three Audits (i.e., Investment Risk Management Systems and Process Audit, Internal Audit, Concurrent Audit – all taken together), apart from Statutory Audits at any point of time.

• 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.

More Definitions of Concurrent Audit

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; and

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 a continuous audit of accounts of day-to-day transactions;

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 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 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;