About Us

The website, charteredaccountantindia.org has been set up, promoted and maintained by Madan Verma, B.Com (Hons); FCA; DISA (ICA) who is a qualified chartered accountant in India with experience over 26 years in Taxation, Audit & assurance services , Formation of Companies, Accounting & Banking. He is also a qualified Information System Auditor .The office is located at New Delhi -India. "Chartered accountant India" is a group of Eight (8) chartered accountants assisted by team of computer professionals, Financial Managers & Advocates.

To bring about quality in work the group has set three Standards

:: Professional Standards
:: Operational Standards
:: Supervision & Review Standards

:: Professional Standards

To achieve professional standards it has been ensured that personnel assigned to do job should possess adequate professional proficiency and experience in handling that particular assignment. Of course there are always ongoing consultations among partners but assignments are allocated according to their expertise in that area.

The partners continue to update knowledge by attending seminars and continuing education programs and there is sufficient direction, supervision and review of work at all levels to provide reasonable assurance that the work performed meets appropriate standards of quality.

:: Operational Standards

Operational Standards relate to collection of information/records analysis and systematic steps to achieve the desired objectives. To collect the information it is the policy to prepare written questionnaire in advance to seek information about the management, organizational setup, internal controls, accounting procedures to generate reliable data, inspection systems and obtention of documents to meet requirements.

Systematic steps to achieve the objectives consists of –

  • Well documented work plan & program

  • Constitution of appropriate team with clear instructions and areas to be covered.

  • Adherence to programs and times schedule.

  • Supervision of process and communication with the management.


:: Supervision & Review Standards

The work performed by each assistant is reviewed by seniors to consider whether

  • Assistants have the necessary skills and competence to carry out the assigned task.

  • Assistants understand the directions

  • The work performed and results obtained have been adequately documented.

  • Supervision of process and communication with the management.

  • Various elements of financial statements are properly evaluated, measured and presented to achieve higher professional Standards

  • There is system of in house training sessions addressed by partners of the firm.

  • Simulation techniques have been devised to assess the assistants in real time situations before actual work.

  • Encouragement to attend seminars and continuing education programs.

  • In case of large complex audits services of technical experts, computer professionals, advocates, valuers, actuaries and financial consultants are invariably sought