Practice II
Accounting & Assurance
Bookkeeping, statutory audit support, Ind AS and group reporting packs, and audit of foreign company offices in India.
- Accounting, Reporting & AuditAccounting, group reporting and statutory audit support for Indian companiesIndian companies keep books under Indian accounting standards, have them audited every year and, if they belong to a foreign group, report to the parent in IFRS or US GAAP on the parent's timetable. We keep the books, close the month, prepare the group reporting pack and get the company ready for its statutory and tax audits, with the working papers an auditor expects.Read more
- Branch Office Accounts & AuditAccounts, audit and Annual Activity Certificate for a branch officeA branch office keeps its own books in India even though it has no separate legal identity. Those accounts are audited every year, filed with the Registrar as the foreign company's Indian accounts, and used for the branch's tax return. The same auditor confirms, in the Annual Activity Certificate, that the branch stayed within the activities the RBI permitted.Read more
- Liaison Office Accounts & AuditAccounts and audit for a liaison office in IndiaA liaison office earns nothing in India, so its accounts are a record of money received from the head office and how it was spent. That record is what the auditor certifies, what the AD bank relies on in the Annual Activity Certificate and what the tax department reviews to decide whether the office has stayed a liaison office.Read more
- Project Office Accounts & AuditProject accounting and audit for a project office in IndiaA project office's accounts follow one contract from mobilisation to completion. They determine the profit taxed in India, support every intermittent remittance of surplus abroad and form the basis of the closure certificate when the project ends. Good project accounting is what lets the foreign company take its money home on time.Read more
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