Banking facilitates economic growth and stability in today’s fast-paced and dynamic financial landscape. With the ever-increasing complexities of banking operations, ensuring transparency, accuracy, and accountability becomes paramount. One essential tool banks employ to achieve this is – Concurrent audit to ensure real-time, simultaneous examination of financial transactions and processes within a bank, performed continuously. This… Read More »Why concurrent audit is important for banks?

In business and finance, due diligence and audit are two critical processes organizations undertake to ensure transparency, compliance, and risk management. Though they may seem similar initially, they serve distinct purposes and operate in different contexts. This article sheds light on the differences between due diligence and audit, offering an in-depth comparison to clarify their… Read More »Due Diligence vs. Audit: Understanding the Distinctions