A B H L AND ASSOCIATES has successfully obtained the Peer Review Report for the three-year period of 20024-25, 2025-26 and 2026-27 and which has been issued on 26th June 2024 without any qualifications and adverse comments. We are in very few firm of ICAI to get this Peer Review Certification 

Peer review means an examination and review of the systems and procedures to determine whether they have been put in place by the Practicing Unit for ensuring the quality of attestation services as envisaged and implied / mandated by the Technical Standards, Ethical Standards and Professional standards and whether these were effective or not during the period under review.

The reputation and acceptability of a learned profession depends on its ability to render the highest quality of services to the society. Towards this end, the Institute of Chartered Accountants of India (ICAI) is using the concept of peer review as a tool for enhancing the quality of services rendered by professional accountants.

The Institute, recognizing the need to observe the best international practices, has established the system of peer review. Peer review helps in reassuring the stakeholders and the society at large that the profession is conscious of its responsibilities and is always striving to ensure that the highest standards are observed by all practicing members rendering audit and attestations services to the society.

We, the Chartered Accountants Fraternity, are all aware of the peer review process undertaken by the Peer Review Board of ICAI for the practicing member. With recent development in the reporting requirement of the financial statements, the peer review exercise helps the members of the profession at large on the following fronts:

-          Ensure compliances with the recent amendments in The Companies Act, 2013.

-          Ensure compliances of TDS, Service Tax and other Tax Laws which have become part of reporting by practicing Chartered Accountants.

-          Adherence of the Auditing and Accounting Standards which is mandatory for preparation and presentation of financial statements.

-     In meeting pre-selection criteria for allotment of audit by various public sector undertakings PSUs, banks and other institutions and audit by way of open tender process by public sector undertakings.

-     In complying with the circular issued by the Securities & Exchange Board of India SEBI for audit of listed companies’ requirements and C&AG of India for Statutory Audit of Public Sector Companies.

-         Mandatory Peer reviewed CA Firm for Statutory Audit and Certification of Listed Company






 
     
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