The firm's services are rendered within the scope permitted to Chartered Accountants under the Chartered Accountants Act, 1949 and ICAI regulations. Where regulators (the Comptroller and Auditor General, the Reserve Bank of India, the Income-Tax Department, the Ministry of Corporate Affairs) prescribe a format, the firm follows that format strictly.
Engagement scope is agreed in writing on a per-engagement basis. The firm does not publish fee information, fee ranges, or fee schedules. Fees are agreed directly with the engaging party and are governed by the ICAI Recommended Scale of Fees and the partner's professional judgement on the time, technical complexity, and supervisory commitment a particular engagement involves.
Standards followed
- ICAI Standards on Auditing, including the Quality-Control framework
- Companies Act, 2013 and the Rules made thereunder
- Income-Tax Act, 1961 and applicable circulars and notifications
- CGST Act, 2017 and SGST Acts of the relevant States
- Reserve Bank of India directions on bank-branch audit
- Comptroller and Auditor General of India audit directions for empanelled audits
- Ministry of Corporate Affairs notifications on incorporation and ROC filings
Acceptance and continuance
Each engagement is reviewed at acceptance against the Institute's independence and conflict-of-interest rules. The firm declines engagements where independence cannot be preserved, where there is a conflict with an existing client, or where the partner's professional judgement is that the firm is not the right counterparty for the work.