1) The partners of the firm have a system of detailed discussions with the prospective clients so as to determine whether the assignment should be accepted taking into consideration the nature of business and ethical standards of the party. Similarly the business policies and ethics of the existing clients are reviewed from time to time with a view to determine whether the firm should continue to serve them as auditors/consultants.

2) Each audit is conducted under the supervision, guidance and control of one of our Partners having a minimum post qualification experience of five years in conducting audits.

3) Partner in charge of particular audits maintains a separate file called Permanent File for each auditee containing details of the constitution of the organization, nature of business, names and qualifications of chief executive and departmental heads, special features of organization etc.

4) Partner in charge prepares an audit program in the first year of the audit. The audit is carried out in accordance with the audit programme by an audit team comprised of Chartered Accountant and other adequately qualified, trained and experienced assistants

5) The audit program is prepared and monitored in a manner so as to ensure the observance of Standard Accounting Practices, compliance of Accounting Standards, adherence to the principles of independence, integrity, objectivity, confidentiality and professional behaviour.

6) The audit program is revised and updated from time to time taking into consideration the changes in business of the auditee, requirements of Accounting Standards, changes in applicable laws, disclosure requirements etc. etc.

7) Partner in charge tries to depute the same audit staff, which conducted the audit in previous year. New staff is briefed in detail before the commencement of audit. He continuously monitors the work done by the Chartered Accountants and other members of the audit team so as to ensure the quality of the work done by them.

8) Details of work done by each member of the audit team are kept in yearly audit files with working notes, schedules, statements, details, supporting papers etc. The performance of each Chartered Accountant and other members of audit team is reviewed periodically and necessary modification is made from time to time.

9) Partners consult each other on important issues arising during the course of audit and at the time of finalization. Legal/expert opinions are sought if considered necessary.

10) Our firm has the practice of holding weekly meetings of Chartered Accountants and other staff engaged in audit, taxation and other functions. The staff is encouraged to discuss important issues faced by them during last week. Partners and senior Chartered Accountants provide solutions to the issues. In these meetings, the experience is shared with each other, which enhances the knowledge and expertise of the staff engaged in handling the professional assignments. They are continuously reminded to remain firm and independent in carrying out the work assigned to them and be polite in their behaviour in dealing with the clients’ officers and staff.

11) Partners and other staff participate in Continuing Professional Education programmes conducted by the Institute of Chartered Accountants of India, Northern India Regional Council and other organizations.