Internal and concurrent audits play a crucial role in ensuring financial discipline, risk management, and operational efficiency within an organization. These audits help businesses maintain regulatory compliance, enhance internal controls, and identify areas for process improvement. At VPS & Associates, Hyderabad, we provide comprehensive internal and concurrent audit services tailored to meet the unique needs of businesses across industries.

What is an Internal Audit?

An internal audit is an independent, objective assurance and consulting activity designed to improve an organization’s operations. It helps organizations evaluate risks, identify inefficiencies, and strengthen internal controls. Internal audits are conducted periodically to assess financial records, operational processes, and regulatory compliance.

Why Internal Audit is Essential?

✔ Risk Management – Identifies financial, operational, and compliance risks.
✔ Fraud Detection & Prevention – Reduces the chances of fraud and financial irregularities.
✔ Operational Efficiency – Streamlines processes and enhances productivity.
✔ Regulatory Compliance – Ensures adherence to laws, rules, and corporate policies.
✔ Decision Support – Provides management with valuable insights for strategic planning.

What is a Concurrent Audit?

A concurrent audit is a real-time, systematic examination of financial transactions and operations. Unlike an internal audit, which is retrospective, a concurrent audit happens simultaneously with business operations. It is primarily used in industries like banking, financial services, insurance, and government projects to monitor ongoing transactions and prevent irregularities.

Why Concurrent Audit is Important?

✔ Real-Time Monitoring – Helps detect errors and fraud at an early stage.
✔ Compliance Assurance – Ensures adherence to financial regulations.
✔ Timely Reporting – Enables faster corrective actions.
✔ Enhanced Transparency – Provides a continuous check on internal processes.
✔ Prevention of Mismanagement – Helps mitigate financial risks.

Our Internal & Concurrent Audit Services

At VPS & Associates, Hyderabad, we offer tailored audit solutions to help businesses achieve financial integrity and operational efficiency. Our audit services include:

✅ Risk-Based Internal Audits – Identifying and mitigating financial and operational risks.
✅ Process & System Audit – Evaluating business processes for compliance and efficiency.
✅ Compliance Audits – Ensuring adherence to legal and regulatory frameworks.
✅ Concurrent Audits for Banks & NBFCs – Monitoring transactions in real-time.
✅ Internal Controls Review & Assessment – Strengthening internal policies and procedures.
✅ Revenue Leak Analysis – Identifying and preventing revenue losses.
✅ Forensic Audits & Fraud Investigations – Detecting financial irregularities and fraud.

Industries We Serve

We provide internal and concurrent audit services to a wide range of industries, including:

🔹 Banking & Financial Services
🔹 Manufacturing & Trading
🔹 IT & Software Companies
🔹 Healthcare & Pharmaceuticals
🔹 E-commerce & Retail Businesses
🔹 Real Estate & Infrastructure Companies
🔹 Government & Public Sector Undertakings (PSUs)

Why Choose VPS & Associates, Hyderabad?

✔ Expert Chartered Accountants & Auditors – Years of experience in auditing across industries.
✔ Customized Audit Approach – Tailored solutions to meet specific business needs.
✔ Risk-Based Audit Methodology – Focused on identifying and mitigating business risks.
✔ Technology-Driven Audits – Use of advanced tools for data analysis and reporting.
✔ Strict Confidentiality & Compliance – Ensuring data security and regulatory adherence.

If your company requires internal and concurrent audit services, our team at VPS & Associates, Hyderabad, is here to assist you.

📧 Email id : team@vpsandassociates.com

Contact us today!

☎️ Landline: 040 – 29801299
📲  Mobile no: 8886359392 / 9030931302

for professional audit services.