Trust and Retention Account Audits

• Verification of account operations as per TRA Agreement
• Review of cash inflows from project revenues or sanctioned funds
• Monitoring of disbursements and expense categorization
• Checking utilization of funds for permitted purposes only
• Review of compliance with repayment and escrow conditions
• Reporting to lenders, project sponsors, and stakeholders
• Regular audits (monthly/quarterly) or annual certification

Who Needs TRA Audits?

• Infrastructure Projects (roads, ports, power, etc.)
• Real Estate Developers with bank-funded projects
• Companies under Project Finance or Debt Syndication
• Entities with mandated escrow/TRAs by NBFCs or banks

Why TRA Audits Are Important:

• Fund Flow Monitoring - Ensures disbursed funds are used appropriately
• Lender Assurance - Builds confidence for banks/NBFCs
• Risk Mitigation - revents fund diversion and misuse
• Regulatory Compliance - Aligns with loan covenants and guidelines
• Better Project Monitoring - Enables transparency and timely course-correction

Why Choose Goyal Nagpal & Co.?

• Experienced CA Team with knowledge of TRA structures
• Independent and Confidential Audits
• Coordination with banks, NBFCs, and project teams
• Timely Reporting with clear insights and red flags
• Assistance with compliance documentation and reconciliations