Bank Audit & Government Audit
Audits of banks, financial institutions and government entities require specialized expertise. AVKAS & Co. provides assurance services tailored to these sectors’ unique requirements. For banks and NBFCs, we ensure compliance with RBI guidelines and Basel norms, examining loan portfolios, capital adequacy and regulatory reporting. For public-sector or government-sponsored projects, our audits comply with directives from oversight bodies (CAG, Comptroller, etc.). These engagements not only verify compliance but also help uncover financial controls improvements.
Our audit teams have hands-on experience with financial sector regulations and public audits. We use focused methodologies to address sector risks – from credit concentration in banks to fund utilization in government schemes. By maintaining independence and transparency, we enhance credibility for stakeholders such as regulators and public administrators. Clients appreciate our thorough documentation and clear reporting, which facilitate regulatory filings and strengthen internal accountability. In essence, we make a rigorous audit process a platform for reinforcing financial integrity in highly regulated environments
Our Range of Services:
- Statutory Audits of Banks, NBFCs and Financial Institutions (RBI compliance)
- Branch and Internal Audits (Banking and Financial Sector)
- Government and Public Sector Entity Audits (CAG/AG approval)
- Audits of Microfinance and Cooperative Banks
- NABARD and SIDBI-Driven Program Audits
- Compliance Audits for Publicly Funded Projects
- CAG Audit Liaison and Reporting Support