Audit & Assuarance Service

Historically Chandabhoy & Jassoobhoy's (“C&J”) strength was in accounting, auditing and related services. The audit clients of C&J today include corporate (listed public companies and private companies), banks, financial institutions, asset management companies and mutual funds besides medium and small enterprises including family owned businesses.

At C&J, we use a constructive approach in auditing. As a result of understanding the clients' systems, procedures and practices we often recommend improvement for more efficient operation, stronger financial structure and improved accounting and administrative controls. Our philosophy and practice is to blend the technical, the practical and the business approach in each audit engagement.

C&J’s assignments also include special purpose investigations and financial reviews particularly of companies for mergers and acquisitions.

C&J has also conducted Inspections and Reviews of accounts and financial systems and controls of Registrar and Transfer Agents Services on behalf of public sector and private sector Mutual funds as also small and medium enterprises.

C&J has considerable experience in auditing accounts of large public and private companies in manufacturing and service industries, major Commercial Banks, Merchant Banks, Financial Institutions, Mutual Funds, Co-operative Banks, Oil & Natural Gas, Information Technology, Shipping Companies, etc.

C&J also has vast and varied experience in concurrent audits and internal audits. Some of the sectors serviced are Registrar and Transfer Agents, Housing Finance, Bank branches, Nuclear Power, Telecom, Banking, Mutual Funds, Multilevel Marketing, Auto Finance, Asset Reconstruction, Medical Transcription, Retail Stores, etc.

C&J endeavours continuously to improve the quality of its audits. Mandatory second partner review is one of the important features of C&J's quality control procedures.

C&J has also conducted due diligence reviews for Indian and overseas clients proposing to acquire domestic businesses.

US GAAP
C&J has built up expertise on USGAAP audit and conversion. C&J conducts USGAAP audits of subsidiaries and associates of holding companies incorporated in USA on behalf of the Independent auditors of such companies. C&J also conducts USGAAP audits of Indian companies filing Form 20-F in the USA. USGAAP services also include assisting companies in converting their financial statements from Indian GAAP to USGAAP. C&J is registered with the PCAOB in USA.

SOX compliance
C&J undertakes SOX audit as independent auditors and also provides assistance to management in SOX implementation.

Tax Audit
C&J undertakes the Tax audit of a significant number of clients alongwith the statutory audit. This offers a great synergy in the audit service and is a great value addition to the client during completion of tax assessments and with regard to tax advisory services in general.

Statutory compliances
C&J also undertakes compliance of various statutory requirements of clients under the company law (including company secretarial services), direct and indirect tax laws and foreign exchange reporting and compliance requirements.