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 :

  1. Adoption of International Accounting Standards and International Standards on Auditing.
  2. Use of documented / standardized audit plans, programs, procedures and manuals.
  3. Supervision and Review of audit work by the Audit Manager and the Partner.
  4. Use of computerized time budgets to monitor audits and other services in progress.
  5. Half yearly peer review of important closed files by another partner of the firm.
  6. Regular training and exchange of knowledge / experience gained. (Attended by all Partners, Managers and Senior staff)
  7. Developing expertise in different fields of the firm's practice.
  8. 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.
  9. 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.
  10. Strong internal administrative policies to retain and attract competent professionals.
 
     
245656 Times Visited