Audit & Assurance Services

Independent statutory audits, concurrent bank audits, physical stock audits, and internal controls evaluations maintaining highest ICAI standards.

Bank Branch Statutory and Stock Audit Working Papers Verification
Bank Branch Statutory and Stock Audit Working Papers Verification • Kevisha Consultancy Pvt. Ltd.

Bank Statutory Audits

Kevisha Consultancy Pvt. Ltd. has extensive experience in conducting branch statutory audits for public sector and scheduled commercial banks under the guidelines of the Reserve Bank of India (RBI).

Scope of Bank Statutory Audits:

Verification of Advances and NPA Asset Classification (IRAC norms)
Testing of security creation, mortgage deeds, and charge registrations
Interest income leakage review and capital adequacy norms
Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) checks
Long Form Audit Report (LFAR) and Ghosh & Jilani Committee reports

Concurrent & Revenue Audits

Continuous, real-time audit of day-to-day operations and transactions to detect procedural errors, non-compliance with sanction terms, and potential revenue leakages before they escalate.

We ensure timely verification of credit disbursements, letter of credit (LC) issuances, bank guarantees, and forex operations.

Stock Audits & Asset Verification

Banks and lending financial institutions rely on our independent on-site stock audits for borrowers enjoying working capital facilities (Cash Credit / Overdraft).

Stock Audit Methodology:

Physical inspection and count of raw materials, WIP, and finished goods
Valuation of stock as per FIFO / Weighted Average method
Verification of debtors ageing and calculation of drawing power (DP)
Inspection of adequate fire and burglary insurance coverage with bank clause
Reconciliation between physical stock, book records, and monthly stock statements

Tax Audit under Section 44AB

Mandatory audit under the Income Tax Act for businesses with annual turnover exceeding ₹1 Crore (or ₹10 Crores where digital transactions exceed 95%) and professionals with gross receipts exceeding ₹50 Lakhs. We prepare and certify Form 3CA/3CB and Form 3CD online on the e-filing portal.