Audit Related Services

In the field of Statutory and Taxation Audit, over the years, the firm has gained experience in the field of Statutory, Branch, Concurrent, Inspection, Revenue, Expenditure, Management, Internal and Systems Audits of Public/Private Limited Companies, Banks, Public Sector Undertakings, Insurance Companies, Co-operative Societies, Trusts, Branch/Project/ Liaison Offices of Foreign Companies, Non-Government Organisations. The firm has provided business specific solutions to each of its clients in the following area :-

Audit Related Services:

The Firm and its Partners have experience in both Statutory Audits as well as Internal Audits including Tax Audits.  The Firm has been conducting Internal Audit of Organisations like Mother Dairy where the Audit is on a continuous basis following the concept of Pre-Audit before release of any payments. 

The Firm has more than 40 years experience in conducting Statutory Audit, Concurrent Audit, Revenue Audit, Stock Audit and Central Statutory Audit of various Public Sector Bank, Private Sector Banks and Multinational Banks having their branches in India.  The firm has been appointed as Central Statutory Auditor of various public sector banks by the Reserve Bank of India.  The Firm has conducted Concurrent Audit of very large Branches of Foreign Banks and Large Public Sector Banks.

The Firm conducts the Internal Audit of NGO's wherein large International Donations are involved.  .

The Firm has been Central Statutory Auditor of very large Public Sector Undertaking  in Telecommunications appointed by the CAG.

The Firm is the Statutory Auditor of large Hospitals.

As far as the Management related services are concerned, the firm was instrumental in setting-up the Internal Control System and Internal Audit Systems for Hotels.

he firm has also set-up the Accounting Manual and Management Information Systems for their joint venture projects in Sudia.

Information Systems Audit:

Information Systems Audit is a Greenfield area into which the Firm has recently entered into. With more and more computerization of  Systems and Data in the Organization, the safety and security of the Information Systems consisting of Computer Systems, the Data within the System and the back-up procedures are gaining prime importance and are becoming the Focus areas of the higher echelons of the  Management System.  Crashes and Data Loss could cripple any organsiation.

Mr. Pradeep Verma, Partner, is a qualified Information Systems Auditor having cleared the Worldwide exam conducted by Information Systems Audit and Control Association (ISACA) of the USA and the Information System Audit (ISA) Exam conducted by the Institute of Chartered Accountants of India (ICAI) for its members.  He is registered with both the organization, namely, ISACA and ICAI and qualified to conduct Information Systems Audit and issue Reports on such Audit. Mr. Ramesh Chandra Hasija, Partner, is also qualified to carry out Information System Audit, having cleared the exam conducted by ICAI and is registered with ICAI.