While using the FMCOMMS2 and XLX 702 EVB is it possible to continually read the AD9361 registers, compare the read values to the programmed values, and flag any discrepancies?
Yes take a look at the debug tab in the IIO scope (need to start the app as root)
You can read whatever register you like.
From the Linux command prompt you can do similar things as well.
Retrieving data ...