Services to Bank and Financial Institutions
N N K & Co.
We deliver comprehensive and practical solutions tailored to the unique needs of your business. As Chartered Accountants, we are dedicated to building trusted client relationships, staying abreast of evolving regulatory and statutory frameworks, and providing accurate, compliant, and timely services. Our expertise spans audit and assurance, taxation, and advisory, enabling you to navigate financial and regulatory complexities with clarity, consistency, and confidence.
Services Details
At NNK & Co., we offer specialized audit, assurance, and advisory services tailored to the unique regulatory and operational landscape of banks and financial institutions. With deep industry knowledge and a commitment to compliance, we assist in strengthening governance, risk management, and internal control frameworks.
Our services include statutory and concurrent audits, revenue audits, compliance reviews, regulatory reporting, and advisory on taxation and financial structuring. We work closely with banking and financial sector clients to ensure transparency, regulatory adherence, and operational efficiency in a constantly evolving financial ecosystem.
1. Statutory Audit
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Conducted as per guidelines of the Reserve Bank of India (RBI) and applicable laws
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Covers financial reporting accuracy, compliance, and regulatory requirements
2. Concurrent Audit
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Ongoing, real-time audit of banking transactions
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Helps detect irregularities early and ensures compliance with internal controls and RBI norms
3. Revenue Audit
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Focuses on examining interest income, fees, and charges
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Ensures accurate income recognition and identifies revenue leakages
4. Stock and Book Debt Audit
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Verification of stock and debtors for borrowers availing working capital limits
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Assists banks in assessing creditworthiness and monitoring fund utilization
5. Internal Audit
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Evaluation of internal controls, risk management, and operational efficiency
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Helps in identifying gaps and improving overall governance
6. Forensic Audit and Investigations
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Used in cases of suspected fraud, willful default, or financial irregularities
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Helps in identifying fraud patterns and preparing legal documentation
7. Information System (IS) Audit
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Evaluation of IT systems, data security, and digital controls
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Crucial for banks relying on technology platforms for operations
8. Compliance Audit
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Review of adherence to regulatory norms (RBI, SEBI, IRDAI, etc.)
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Focuses on KYC/AML compliance, credit policy adherence, and statutory reporting
9. Taxation Services
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Direct and indirect tax compliance and advisory
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Includes TDS review, GST audit, and tax structuring for financial institutions
10. Risk and Advisory Services
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Assessment of credit risk, market risk, and operational risk frameworks
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Advisory on policy development, governance, and regulatory strategy