About Us
Welcome to Verma Associates Chartered Accountants. The firm was established in the year 1980 rendering comprehensive professional services which include audit, management consultancy, tax consultancy, accounting services, manpower management, secretarial services etc.
As a reputable firm with a long-standing presence in the industry, we recognize the significance of adhering to the highest standards of quality control to ensure the integrity, professionalism, and reliability of our services. Our commitment to compliance is unwavering, and we have implemented comprehensive policies and procedures to maintain and enhance the quality of our engagements.
Leadership and Ethical Tone: We have established a strong leadership structure that promotes a culture of ethics, integrity, and professionalism throughout the organization. Our partners and senior management lead by example and actively encourage compliance with ethical and professional standards.
Human Resources: We recruit, develop, and retain highly qualified and competent professionals who possess the necessary technical knowledge and expertise. We provide ongoing training and professional development programs to ensure our team members stay abreast of the latest regulatory changes and industry best practices.
Engagement Acceptance and Continuance: Before accepting any engagement, we conduct a thorough evaluation to ensure we have the necessary competence, resources, and independence to perform the engagement effectively. We maintain a documented system for reviewing and monitoring client acceptance and continuance decisions.
Engagement Performance: We follow a systematic approach to planning, executing, and reviewing engagements to meet the required standards of quality. Our methodology includes comprehensive risk assessment procedures, tailored audit programs, and detailed documentation practices to ensure accuracy, consistency, and completeness of our work.
Monitoring and Review: We have established an internal quality control monitoring process that involves periodic review of our engagements. This process ensures compliance with professional standards, identifies areas for improvement, and enhances the overall quality of our services.
Communication and Consultation: We maintain open lines of communication with our clients, regulatory bodies, and relevant stakeholders. We are proactive in seeking clarifications, guidance, and consultation when faced with complex or ambiguous matters, ensuring that our engagements meet the highest professional standards.
Documentation and File Retention: We maintain comprehensive documentation for each engagement, including relevant audit evidence, working papers, and correspondence. This practice enables proper supervision, review, and accountability and facilitates continuity in case of staff changes or future reviews.