Statutory Audits

We are a known Firm for its significant audit practice of over a century, and one of the TOP Indian audit firms

We are an Audit firm of repute and conduct Statutory and Internal Audits of large corporates, Banks, both life and non-life Insurance Companies and Public Sectors undertakings under appointment by the CAG.

 

Statutory Audit

The Firm, based on years of expertise has developed, employs and  implements  the latest methods of audit ,for maximizing audit efficiency through a risk based international audit approach. This enables timely delivery and value added advisory services to clients.

The Firms delivers international expertise with a domestic approach for a cross section of industries and entities which are professionally managed or family run enterprises

The Firm excels at deep domain expertise to the Board of the Companies for effective Corporate Governance, and reporting.

Most importantly the Firm’s audit approach is business oriented. It focuses on an understanding of the client’s business much deeper than the knowledge of the accounting system and records on which auditors have traditionally concentrated. We reflect this business orientation in several ways: our audit focuses on the substance of the underlying business rather than just the financial statements; we use our knowledge of the business and consider other services we provide in determining our audit procedures and appropriate sources of audit evidence; we use information we obtain from other services we may have performed during the year to offer constructive advice to management

 

We are aware that the integrity and reputation of a client’s management could reflect on the reliability of their accounting records and financial representations and, therefore, on the Firm’s reputation. The Firm requires evaluation of all potential new audit and assurance service clients.

Financial reporting engagements

In financial reporting engagements, the Firm believes that “independence” , in fact and in appearance, is to be maintained in all engagements where it is required or professionally warranted.

Particular attention is directed to understanding the entity’s business and the environment in which it operates, and in  ensuring that any specialized knowledge required by the engagement is appropriately brought to bear

Accounting issues are resolved based on our understanding of the substance of the underlying transactions, and not on their form. An attitude of healthy professional scepticism is maintained. Clients are urged to adopt accounting and reporting practices that we believe are appropriate in the circumstances.

Our Assurance clients extend to virtually all business sectors, and industry segments, ranging from Manufacturing, Trading, Logistics, Pharmaceuticals, Information Technology, Financial Services, Banking, Exchanges, Dot-coms and E-commerce businesses.

OTHER AUDITS

The firm performs Tax Audits under the Income Tax Act and undertakes Review Engagements for assurance clients, especially those listed companies, which are required to have their quarterly results subjected to a limited review.

Most importantly the Firm’s audit approach is business oriented. It focuses on an understanding of the client’s business much deeper than the knowledge of the accounting system and records on which auditors have traditionally concentrated. We reflect this business orientation in several ways: our audit focuses on the substance of the underlying business rather than just the financial statements; we use our knowledge of the business and consider other services we provide in determining our audit procedures and appropriate sources of audit evidence; we use information we obtain from other services
we may have performed during the year to offer constructive advice to management.

We are aware that the integrity and reputation of a client’s management could reflect on the reliability of their accounting records and financial representations and, therefore, on the Firm’s reputation. The Firm requires evaluation of all potential new audit and assurance service clients.

The firm performs Tax Audits under the Income Tax Act and undertakes Review Engagements for assurance clients, especially those listed companies, which are required to have their quarterly results subjected to a limited review.