What is a Concurrent Audit?




A Concurrent audit is also known as 'Round the Year Audit' is an ongoing appraisal of the financial health of an entity through timely examination of financial transactions on a regular basis to ensure accuracy, authenticity and compliance with procedure and guidelines. The defining factor of a concurrent audit is that is employs substanial verfication of transactions rather than test verification. This obtains the highest level of assurance that can be provided for financial statements. KAN Global provides concurrent audit services coupled with year-end audits on a retainer basis, please feel free to reach out and learn more.