Payments
Approved and supported.
All internal audit & controls services
Internal Audit & Controls
Concurrent Audit
FinAura's concurrent audit checks your transactions continuously: payments, receipts, purchases, sales and journal entries reviewed weekly or monthly against approvals, documents and policy. Issues are reported within days to the person who can fix them, and the pattern of findings shows where processes need tightening.
- Chartered Accountant-led
- Bangalore and across India
- Reply within one business day
What is covered
What Concurrent Audit Covers
Checks that keep pace with the business.
Receipts
Recorded and banked.
Purchases
Ordered, received, billed.
Sales
Billed at the right price.
Journals
Manual entries reviewed.
Quick reports
Issues within days.
How the month runs
How It Works
Every week or month, the same rhythm.
Step 1
Pull
- Period's transactions
- Risk filters
- Samples
Step 2
Check
- Approvals
- Documents
- Policy
Step 3
Report
- Issues to owners
- Fixes
- Escalations
Step 4
Trend
- Monthly summary
- Repeat issues
- Process changes
Your part
What We Need From You
- 01Access to books and documents
- 02Approval limits and policies
- 03Contacts for each process
- 04Your preferred reporting rhythm
Our part
What You Get
- Issues caught within days
- Fixes before month-end
- A monthly trend report
- Fewer surprises at audit
A common question
When is concurrent audit worth it?
When transaction volumes are high, money moves quickly, or controls are still being built, so waiting for a quarterly or annual review lets problems grow.
Banks use it for branches; growing companies use it for payments, purchases and sales in the same way.
See internal auditFixesWithin days
ChecksWeekly or monthly
TransactionsAs they happen
Who it is for
Who It Is For
High-volume businesses
Many payments a day.
Companies with new teams
Controls still settling.
Owners not on site
Weekly assurance.
Businesses after a loss
Closer watch for a while.
The rules, in plain English
What the Law Says
Companies Act, 2013
Section 138
Classes of companies set out in the rules appoint an internal auditor, who may be a chartered accountant or another professional the board decides, to conduct an internal audit of the company's functions and activities.
Official source: mca.gov.inCompanies Act, 2013
Sections 134(5) and 143(3)
Directors report on internal financial controls, and the statutory auditor reports on whether the company has adequate controls that operate effectively, with exemptions for some smaller companies.
Official source: mca.gov.inCompanies (Auditor's Report) Order, 2020
Inventory and fixed assets
The statutory auditor reports whether physical verification of inventory and property, plant and equipment was done at reasonable intervals and whether discrepancies were dealt with.
Official source: mca.gov.inThis is general information, not advice for your situation; we confirm what applies to you before any work starts.
Questions we get asked
Concurrent Audit: Questions, Answered
What is concurrent audit?
An audit carried out alongside the transactions, at short intervals, rather than after the period ends.
How is it different from internal audit?
Internal audit reviews processes periodically in depth; concurrent audit checks transactions continuously and reports quickly.
Is concurrent audit only for banks?
No. Banks require it for branches, but any business with high volumes can benefit.
Can payments be checked before they are made?
Yes. A pre-payment check can be set up for payments above a threshold you choose.
Often Taken Together
All 12 Internal Audit & Controls services01Internal Audit & ControlsInternal AuditRisk-based reviews of purchasing, sales, inventory, payroll, cash and compliance, with findings ranked by what matters and a plan to fix them.02Internal Audit & ControlsVendor and Procurement AuditPurchases tested for approvals, rates, duplicates and related parties, with leakages reported with evidence.03Accounting & FinanceFinance OperationsReconciliations, payables, receivables and a predictable month-end close.