Concurrent audit is a deliberate and timely examination of financial transactions on a normal premise to guarantee precision, credibility, consistence with methods and rules.
It is a progressing examination of the financial well being of a substance to decide if the money related administration courses of action.
Objectives of Concurrent Audit
- Guarantee voucher/prove based installments to enhance straightforwardness
- Ensure precision and convenience in support of books of records
- Ensure opportuneness and precision of periodical budgetary articulations
- Improve precision and convenience of budgetary detailing particularly at sub-area levels
- Ensure consistence with set down frameworks, strategies and approaches
- Regularly track, development and settle progresses on a need premise
- Assess and enhance in general interior control frameworks
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