You are on page 1of 3

After that this short article could help you, if you are looking

for ideal auditing company in india


S.P. Chopra & Co. is a professional services firm developed in 1949; Ranking amongst the
leading 20 companies in India, has 11 full-time companions and team strength of over 100 as
well as workplaces in New Delhi, Mumbai, Canada as well as Dubai.
Our firm provides Bookkeeping, Guarantee and Consultancy as its core company lines for
international as well as residential companies of tool to huge size. The company has actually
involved a panel of professionals as well as offers end to end remedies for Business
Legislation Concerns, IFRS Convergence, Transfer Risk, prices as well as deal Advisory.
WHY PARTNER WITH US
With its 11 full time companions, the company has a consolidated specialist experience of
over 100 years. Our partners are DISA certified, hold IFRS certification released by the
Institute of Chartered Accountants of India.
Over 100 experts used by the company, with over 10 extremely specialized professionals on
the advisory panel.
Head workplace situated in Connaught Area - one of the most prime business area of the
Resources city of India with a carpeting area of 3000 sq. feet. sustained by a world class
facilities and contemporary facilities.
International reach with our branch workplaces situated in Ontario, Canada, Dubai, Punjab
and Uttar Pradesh and also through our independent association across the Globe.
Acknowledged as a Quality company on the international industry based on Peer Testimonial
conducted by both ICAI and Global Peer Testimonial Board.
Computer system Assisted Bookkeeping method supported by innovative equipments, web
servers and associated software application utilized for performing audits and also daily
workplace administration.
OUR INTERNATIONAL ASSOCIATION
PrimeGlobal is the third largest organization of independent accountancy firms worldwide;
including over 320 extremely successful independent public accountancy companies in 87
nations. PrimeGlobal offers its independent participant firms with tools as well as sources to
assist them furnish premium accounting, administration, auditing as well as tax services to
customers around the world.

OUR EMPANELMENTS
Since 1970, SPC has actually been empanelled on the RBI's listing of Auditors who can
conduct the central of Public Banks in India. We have actually carried out statutory audit of
nearly all the big Public Banks, by rotation, and also private financial institutions
Considering that 1956, SPC has actually been empanelled on the CAG's checklist of
Auditors for audit of big Public Sector Tasks (PSUs). Company has audit experience of
greater than 100 PSUs.

SPC has actually been empanelled on the United Country's given that 2008 for NEX/ NIM
Audit and HACT evaluation. Firm has actually performed Audit of greater than 120 UN
companies because 2008.
Since 2011, SPC has been empanelled on the RAA's list of Auditors who could perform the
audit of firms in Bhutan
Our Method and Strategy
We utilize a risk-based strategy to recognize the customers organization, its environment,
and its industry. The audit team preliminarily identifies the locations where the risk of material
misstatements if any kind of in the financial declarations exists.
Inner controls
Making use of an organized method, we examine controls in order to assess the risk of
substantial misstatement for each audit goal. For audit goals where we intend to rely upon
controls to modify the nature, timing, and also extent of our substantive procedures
We examine choose audit goals making use of substantive logical procedures, tests of
information, or a mix of the 2, along with substantive treatments directed toward any type of
fraud threat which we have actually identified. In making our substantive audit treatments, we
think about the characteristics of the class of transaction, account balance, or disclosure; our
evaluation of the dangers of material misstatement determined during preparation; and also
the effectiveness of controls over these risks
We assess the monetary statements and also figure out whether the audit evidence acquired
for each audit purpose reduces the danger of product misstatements in the economic
statements to an acceptably reduced degree. chartered accountant firms in india Our audit
opinion is based upon an evaluation of the last financial declarations and also an evaluation
of all audit proof based on appropriate bookkeeping requirements

IFRS CONVERGENCE AND ALSO REPORTING


India has actually set a roadmap for convergence with International Financial Coverage
Standards (IFRS) commencing from 1 April, 2011. The merging with IFRS requirements is
set to transform the landscape for monetary coverage in India. IFRS represents the most
typically approved global bookkeeping structure as it has actually been embraced by even
more compared to 100 nations and accountancy bodies around the world are aligning their
existing accountancy standards and/or releasing new accounting requirements to adjust with
IFRS.
Finance Professionals not already aware of the Principle of IFRS will certainly be confronted
with the challenge of developing a functioning knowledge of IFRS as swiftly as feasible. India
being one of the key international games, movement to IFRS will certainly allow Indian
entities to have access to worldwide resources markets without needing to go through the
difficult conversion and also filing process. It will certainly lower the expense of raising funds,
decrease accounting professionals' fees as well as make it possible for much faster access
to all significant capital markets.

Just how SPC is taking strides in IFRS convergence


At SPC, we track the growths of IFRS internationally and also exactly how India gets ready
for its change. It is our endeavor to provide our customers with insights on arising patterns,
issues on transition to IFRS and its application. Our team of elderly partners has undergone
substantial training to understand the finer distinctions of the IFRS application in India.
Our firm is actively encouraging its existing customers on the roadmap for the IFRS
implementation as well as looking for brand-new tasks for IFRS execution and merging
advisory.