INDEPENDENCE

Our Primary Policy 

• To be independent in professional judgement in respect of all attest functions without any influence. 

• We should be and appear free from any interest, which might be regarded as interfering with integrity and objectivity.

Related Policies 

• Engagements in respect to attest/assurance function should not be accepted from relatives or any person who may appear to influence our judgement in any manner.

• Substantial engagements other than tax matters from an auditee should not be encouraged.

• No partner or employee Chartered Accountant or other employees should obtain loan from any of our auditee. Where any partner or employee CA is indebted, firm should not accept audit/other assurance functions.

• We are not to accept or obtain any advance against the audit fees/ expenses unless it is a part of engagement agreement and that too only for the proportion of work already done.

Procedure

• The organisation is not to associate itself directly or indirectly with activities which may influence it in taking independent judgements. 

• Each partners every six months declare their interest in any concern and the names of the firms, companies or concerns where their relatives have substantial interest as partner, director, trustees or any other placement that can influence their decision.

• The partners and employees obtaining any loan from any person ensure that the loan provider is neither an auditee nor a party or an entity closely connected with our auditee and report such matters for record.

• Wherever any advances has been drawn from auditee, proper bills with all available evidences to the auditee is sent at the earliest point of time.

• Each partner and employee of the firm submits his/her copy of Income tax Return by 5th August of each financial year.