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OUR EMPANELMENTS
Given that 1970, SPC has actually been empanelled on the RBI's listing of Auditors that can
carry out the main of Public Banks in India. We have actually performed legal audit of
virtually all the big Public Banks, by rotation, and also personal banks
Since 1956, SPC has been empanelled on the CAG's checklist of Auditors for audit of huge
Public Industry Undertakings (PSUs). Firm has audit experience of even more compared to
100 PSUs.
SPC has actually been empanelled on the United Nation's considering that 2008 for NEX/
NIM Audit and also HACT analysis. Firm has performed Audit of greater than 120 UN firms
given that 2008.
Because 2011, SPC has actually been empanelled on the RAA's list of Auditors that could
perform the audit of firms in Bhutan
Our Methodology and also Technique
We make use of a risk-based method to recognize the clients company, its setting, as well as
its sector. The audit group preliminarily determines the locations where the threat of material
misstatements if any in the monetary declarations exists.
Interior controls
Making use of a structured strategy, we review controls in order to evaluate the threat of
significant misstatement for each audit goal. For audit goals where we plan to count on
controls to modify the nature, timing, and degree of our substantive treatments
We examine pick audit purposes making use of substantive analytical treatments,
examinations of details, or a combo of both, along with substantive procedures routed
towards any scams risk which we have identified. In developing our substantive audit
procedures, we consider the characteristics of the course of purchase, account balance, or
disclosure; our analysis of the threats of product misstatement recognized throughout
preparing; and also the efficiency of controls over these dangers
We review the monetary statements and figure out whether the audit evidence obtained for
each and every audit objective lowers the risk of material misstatements in the financial
statements to an acceptably reduced degree. Our audit point of view is based upon a
testimonial of the last economic declarations as well as an evaluation of all audit evidence
based on suitable bookkeeping specifications
markets.
How SPC is taking strides in IFRS merging
At SPC, we track the growths of IFRS worldwide as well as how India gears up for its shift. It
is our undertaking to provide our customers with insights on emerging trends, issues on
change to IFRS as well as its implementation. Our team of elderly partners has gone through
substantial training to understand the finer subtleties of the IFRS execution in India.
Our firm is actively recommending its existing clients on the roadmap for the IFRS
implementation and additionally seeking brand-new assignments for IFRS execution and
convergence advisory.