Quality Control
A level of trust and confidence in a firm's reputation can be achieved only if users of the financial statements are assured of the quality of audit work that a firm is able to provide
In order to maintain standards of quality services the firm has adopted the following measures :
- Adoption of International Accounting Standards and International Standards on Auditing.
- Use of documented / standardized audit plans, programs, procedures and manuals.
- Supervision and Review of audit work by the Audit Manager and the Partner.
- Use of computerized time budgets to monitor audits and other services in progress.
- Half yearly peer review of important closed files by another partner of the firm.
- Regular training and exchange of knowledge / experience gained. (Attended by all Partners, Managers and Senior staff)
- Developing expertise in different fields of the firm's practice.
- Attending various seminars and conferences related directly or indirectly to audit and consulting fields of the firm's practice. The firm is also a member of the Institute of Chartered Accountants of India and Bombay Chartered Accountants Society.
- Imparting knowledge and the latest developments to the firm's clients, patrons and users of financial statements - in various fields of business, commerce, audit, accounting, technology etc.
- Strong internal administrative policies to retain and attract competent professionals.