Banks and Financial Institutions – Audit, Verification and Validation Services

Our Service

Unparalleled Expertise in Audit and Compliance

KOLATH specializes in providing comprehensive audit services tailored to meet the unique needs of banks and financial institutions. With a team of seasoned professionals possessing extensive experience in the banking and financial sector, we are committed to ensuring that your institution operates in full compliance with regulatory standards.

Financial Statement Audits

Our certified auditors meticulously examine your financial statements to ensure accuracy, completeness, and adherence to generally accepted accounting principles (GAAP). We go beyond the numbers, providing valuable insights into financial health and potential areas of improvement.

Regulatory Compliance Audits

Navigating the complex landscape of financial regulations is essential for any institution. Our experts conduct thorough reviews to ensure that your operations are in line with all relevant local, state, and federal regulations.

Internal Control Assessments

Robust internal controls are the backbone of a secure and well-functioning financial institution. We assess your control environment, identifying areas for enhancement and providing recommendations for more effective risk management.

Anti-Money Laundering (AML) Audits

Safeguarding against financial crime is a critical aspect of any institution’s operations. Our AML audits evaluate the effectiveness of your anti-money laundering policies and procedures, helping you mitigate risks associated with money laundering and terrorist financing.

Cybersecurity Audits

In today’s digital age, protecting sensitive financial information is paramount. Our cybersecurity audits evaluate your institution’s safeguards against cyber threats, ensuring that you have the necessary measures in place to defend against potential breaches.

Surprise Audit

The Banking and Fis are mandated by RBI to conduct Surprise Audits, Decoy Customer Audits, Mystery Shopping to ascertain the efficacy and strength of first line defence. We have seven plus years experience in this specialised audit and we have shoppers across India and specific countries to conduct relevant audit checks. These audits enable the institution to initiate remedial action on real time.

Who We Are

Our Approach

We understand that every institution is unique, which is why we take a tailored approach to each audit engagement.
Our process involves:
Thorough Planning: We work closely with your team to understand your specific goals, risks, and compliance requirements
In-Depth Analysis: Our experts conduct detailed examinations, utilizing advanced tools and methodologies to gather comprehensive data.
Clear Reporting: We provide transparent, jargon-free reports that highlight findings, recommendations, and areas for improvement.
Continuous Support: Our commitment doesn’t end with the audit. We offer ongoing support and guidance to help you implement recommended changes and enhance your institution’s overall performance.

Why Choose Us

Industry Expertise

Our team comprises professionals with extensive experience in the banking and financial services sector. We have more than two decades hands on experience in regular and specialised audit for Banks and FI.

Customized Solutions:

We tailor our services to match the specific needs and goals of your institution.

Regulatory Insight:

We stay up-to-date with the latest industry regulations, ensuring that your institution remains compliant.


We understand the importance of discretion and maintain the highest standards of confidentiality in all our engagements.

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