Specialised Audit Services
Stock audits, channel-finance audits and concurrent audits for banks and NBFCs, plus due diligence support for chartered accountants.
Banks and NBFCs commission specialised audits to verify what a borrower's financial statements alone cannot show — that stock actually exists where it is claimed, that a channel financing arrangement is being used as intended, or that a branch's day-to-day transactions are being processed correctly as they happen rather than caught at year-end.
These are engagement types defined by lender policy and regulatory guidance rather than a single statutory provision, so the scope varies by assignment. A stock audit for a working capital facility looks different from a concurrent audit of a bank branch, which looks different again from due diligence support for another CA's client. What stays constant is the standard: findings have to be verifiable, not asserted.
Most local firms do not offer this range, because it requires being comfortable in a lender's or regulator's frame of reference rather than a client's. It sits alongside our other audit and accounting work as a distinct practice area for banks, NBFCs and fellow professionals.
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If any of these describe where you are right now, this is the service you are looking for.
You are a bank or NBFC needing a stock audit on a borrower's working capital facility.
You run a channel financing programme and need the arrangement audited for compliance with its terms.
You are a bank branch requiring a concurrent audit under your empanelled auditor arrangement.
You are a chartered accountant who needs due diligence support on a client engagement.
You need an independent verification of stock, receivables or a specific financial arrangement for a lender or investor.
Everything handled, end to end
The full scope of the engagement, so there is nothing to discover halfway through.
Stock audits
Physical verification of inventory against book records, valuation checks, and reporting in the format your lender requires.
Channel-finance audits
Verification that a dealer or distributor financing arrangement is operating within its sanctioned terms, with drawdown and repayment patterns checked against the facility.
Concurrent audits
Ongoing, near-real-time review of branch transactions against process and regulatory requirements, rather than a retrospective annual check.
Due diligence support for CAs
Working as an extension of another chartered accountant's team on a specific engagement, under their direction and to their scope.
Reporting in the lender's format
Findings delivered in the structure your bank or NBFC actually requires, not a generic report that then needs reformatting.
What you'll need to hand over
Collected once, at the start. We tell you which of these apply to your case before you gather anything.
For a stock audit
- 01Latest stock statement submitted to the lender
- 02Stock register or inventory management system access
- 03Purchase and sales records for the period
- 04Insurance policy covering the stock
For a channel-finance audit
- 01The financing agreement and sanctioned terms
- 02Drawdown and repayment records
- 03Dealer or distributor account statements
For a concurrent audit
- 01Branch transaction records for the period under review
- 02Applicable process manuals and regulatory circulars
- 03Access to the core banking system as authorised by the branch
Scope and reporting format are agreed with the commissioning bank, NBFC or CA before fieldwork starts — these engagements follow the commissioning party's requirements rather than a fixed ThinkOrange template.
3 steps, start to finish
Where the work actually goes, and what we need from you at each stage.
Scope agreed with the commissioning party
The bank, NBFC or CA sets the terms of reference, and we confirm the reporting format required.
Confirm with us
Fieldwork
Physical verification, transaction testing or process review carried out against the agreed scope.
Confirm with us
Reporting
Findings delivered in the required format, with any discrepancies flagged clearly rather than buried in narrative.
On completion of fieldwork
What to expect, and what it costs
Timelines are indicative and depend on departmental processing and how quickly documents come back to us. Message us on WhatsApp for a written quote.
Enquire on WhatsApp- Scope agreement
- Confirm with us
- Fieldwork
- Confirm with us
Professional fees
On request
Common questions
The questions we are actually asked about Specialised Audit. If yours is not here, ask us directly.
Usually the lender — a bank or NBFC commissions a stock or channel-finance audit on a borrower as a condition of the facility. Concurrent audits are commissioned by the bank itself under its empanelled auditor arrangements. A business does not typically request one of itself.
Whether the inventory a borrower has declared to the lender physically exists, is valued reasonably, and is insured. It is a verification exercise, not an accounting opinion, and is usually required periodically for working capital facilities above a certain size.
An audit that runs alongside a bank branch's operations rather than after the fact — reviewing transactions close to when they happen so errors or breaches surface quickly rather than at year-end. It is a distinct engagement from a bank's annual statutory audit.
Yes. We regularly work as an extension of another chartered accountant's team on a specific piece of due diligence, under their direction and reporting to them rather than the end client directly.
Empanelment varies by bank and is confirmed on a case-by-case basis — get in touch with the specific engagement in mind and we will confirm our standing with that institution.
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