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S.P. Chopra & Co. is a specialist solutions strong established in 1949; Ranking among the
leading 20 firms in India, has 11 full time partners and personnel strength of over 100 and
also offices in New Delhi, Mumbai, Canada as well as Dubai.
Our firm supplies Accountancy, Guarantee and also Consultancy as its core business lines
for international as well as residential businesses of tool to huge size. The firm has engaged
a panel of professionals and offers end to finish solutions for Business Legislation Matters,
IFRS Merging, Transfer Purchase, danger and rates Advisory.
WHY COMPANION WITH United States
With its 11 full-time companions, the firm has a mixed professional encounter of over 100
years. http://spchopra.in Our companions are DISA certified, hold IFRS certification released
by the Institute of Chartered Accountants of India.
Over 100 professionals utilized by the company, with over 10 extremely specialized experts
on the advisory panel.
Going workplace situated in Connaught Location - the most prime business district of the
Resources city of India with a carpeting area of 3000 sq. feet. sustained by a world class
facilities and modern-day establishments.
International grasp with our branch workplaces situated in Ontario, Canada, Dubai, Punjab
and Uttar Pradesh as well as via our independent organization throughout the Globe.
Recognized as a Quality solution company on the worldwide arena based upon Peer
Testimonial performed by both ICAI as well as Worldwide Peer Testimonial Board.
Computer system Assisted Auditing approach supported by innovative equipments, servers
and also associated software used for conducting audits as well as day to day workplace
management.
OUR INTERNATIONAL ASSOCIATION
PrimeGlobal is the third largest organization of independent accounting companies on the
planet; including over 320 very effective independent public bookkeeping firms in 87
countries. PrimeGlobal supplies its independent participant firms with resources and tools to
aid them furnish superior bookkeeping, administration, tax obligation as well as auditing
services to customers around the globe.

OUR EMPANELMENTS
Given that 1970, SPC has been empanelled on the RBI's list of Auditors who can carry out
the central of Public Banks in India. We have actually performed statutory audit of nearly all
the big Public Banks, by turning, and personal banking institutions
Because 1956, SPC has actually been empanelled on the CAG's list of Auditors for audit of
big Public Industry Endeavors (PSUs). Firm has audit experience of greater than 100 PSUs.
SPC has actually been empanelled on the United Country's considering that 2008 for NEX/

NIM Audit and also HACT assessment. Firm has performed Audit of greater than 120 UN
companies since 2008.
Since 2011, SPC has actually been empanelled on the RAA's list of Auditors that can carry
out the audit of business in Bhutan
Our Approach and Strategy
We make use of a risk-based technique to comprehend the customers organization, its
setting, and its market. If any sort of in the financial statements exists, the audit team
preliminarily determines the locations where the danger of material misstatements.
Interior controls
Making use of an organized strategy, we examine controls in order to examine the risk of
considerable misstatement for each audit objective. For audit objectives where we prepare to
count on controls to modify the nature, timing, and also level of our substantive treatments
We examine choose audit objectives making use of substantive analytical procedures, tests
of details, or a mix of the 2, along with substantive treatments routed toward any sort of
scams risk which we have recognized. In designing our substantive audit procedures, we
take into consideration the qualities of the class of transaction, account balance, or
disclosure; our assessment of the dangers of product misstatement identified during
preparing; and also the effectiveness of controls over these dangers
We review the financial declarations and also establish whether the audit proof acquired for
every audit goal reduces the threat of product misstatements in the economic declarations to
an acceptably reduced degree. Our audit viewpoint is based upon a testimonial of the last
economic declarations and an examination of all audit evidence in accordance with
appropriate auditing specifications

, ifrs CONVERGENCE AND ALSO REPORTING

India has established a roadmap for merging with International Financial Reporting
Requirements (IFRS) starting from 1 April, 2011. The convergence with IFRS criteria is set to
transform the landscape for financial coverage in India. IFRS stands for one of the most
commonly accepted international bookkeeping structure as it has actually been adopted by
greater than 100 nations and also accountancy bodies around the world are straightening
their existing bookkeeping requirements and/or providing new accountancy requirements to
adhere with IFRS.
Finance Professionals not already accustomed to the Principle of IFRS will be faced with the
challenge of developing a working expertise of IFRS as quickly as possible. India being
among the essential global gamers, migration to IFRS will certainly enable Indian bodies to
have access to international resources markets without needing to go with the difficult
conversion and also filing procedure. It will certainly lower the price of raising funds, lower
accountants' charges as well as enable much faster access to all significant resources
markets.
How SPC is taking strides in IFRS convergence

At SPC, we track the developments of IFRS globally and also just how India tailors up for its
shift. It is our endeavor to provide our customers with understandings on arising fads,
problems on change to IFRS and also its application. Our group of senior partners has
actually undergone comprehensive training to understand the finer subtleties of the IFRS
implementation in India.
Our company is actively suggesting its existing customers on the roadmap for the IFRS
implementation as well as looking for new tasks for IFRS implementation and also
convergence advisory.