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Audit

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(Querist)
09 June 2013 What is the diffrence between concurrent audit and revenue audit?
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Prashanth

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Prashanth (Expert)
09 June 2013 Hello,

Both are commonly done in respect of Banking Companies,now concurrent audit is regarding audit of day-day transactions on daily basis.Whereas Revenue Audit in respect of finding out the where the bank has lost his revenue by way of error/fraud.
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Ki$hor B

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Ki$hor B (Expert)
10 June 2013 Well explained by Prashanth!!
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