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Chartered Accountants ( A professional firm committed to providing world class service. ) History Founded in 1998 by Shri R S Nambi, a Chartered Accountant and consultant on the panel of World Bank and its affiliates with a view to satisfy the market demand for providing world class service in the country. The firm is committed to serving clients worldwide and believes in building a global network as a matter of strategy. VisionTo emerge as the top most auditing and consulting firm in the country. MissionTo subscribe to and be committed to:
The organisation believes in upholding highest standards of business ethics with complete commitment to total quality and respect for human individuals. By creating an environment conducive for operations, the organisation believes in getting the best out of the staff irrespective of their levels so that the customers reap the full benefits. The organisational tasks are carried out through shared vision, beliefs, responsibilities and ownership. ManagementPartners
R Nirmala, a brilliant, enterprising, young chartered accountant with specialisation in personal and corporate taxation. Before joining the firm she has served in various capacities in an audit firm, a housing finance company and a telecom major and has 8 years experience. She is a consultant in her individual capacity on the panel of Asian Development Bank. As a partner, responsible for providing all types of taxation consultancy services including internet publications, online chats, teleconferencing and other media publications. She is also a specialist in NRI / expatriate taxation and Double Taxation Avoidance Treaties. The firm is committed to building a seamless global network of offices staffed by distinguished professionals who provide the cultural links to its clients. The firm is founded on the concept of serving client across the globe and works on 24/7 principle. The firm builds up partnerships with its clients and contributes to their wealth creation and development in every area of its practice. Sectoral Focus
I Consultancy assignments: The firm develops partnership with clients from planning the strategy to delivering the solution. Typically the process involves the following steps:
The firm offers its services across the globe and provides opportunities to work in partnership with the professional experts within the firm to meet the challenges they face and seize the opportunities. The firm focuses on the strategic intersection of financial services and technology. From implementing systems to managing customer relationships, our consultants have wealth of experience in the business of financial services. Our analysts are the thought leaders on financial services technology issues – the very issues the clients face in today’s environment. The firm blends research and consulting efforts with a view to bring informed insights to our recommendations. Because of the cohesion with which the above division works together, the clients can continue to get guidance on their critical initiatives through our on-going research. The engagements with the financial institutions, technology vendors and consulting firms typically revolve around the following:
The firm is wedded to the belief that each of its clients is unique with different needs and goals and each consulting relationship is customized. The breadth of the firm’s partnership with its clients varies with the type of assignment such as assessing the overseas market, building strategies or implementing recommendations. The firm’s approach is always flexible and the partnership style is proactive. However our commitment to a flexible interactive partnership never changes and we always serve our clients as their trusted advisor. II Audit assignments:Each assignment is preceded by a detailed audit planning, evaluation of internal controls, identification of the right team, audit calendar, proper execution, development of detailed audit notes, application of standard auditing practices, peer reviews & audit reporting and review of audit execution for future audit planning. III Taxation assignments:Each assignment is undertaken after identifying the client’s problem, discussions with the clients and evolving strategies, develop solutions, assign timetables for implementation, review upon implementation and delivering solutions for wealth improvement and tax minimization. All professional care is taken in documenting the case and submissions before the Income Tax department so as to avoid any disallowance / penalties / prosecutions. Tax consultancy and complianceThe role of our team of specialist tax advisers and financial planners is to extract from the maze of new and existing tax laws, practical and commercial solutions to our client's business issues, whether within India or internationally. Our client base consists of individuals, partnerships, trusts and companies, and different levels of Government, for whom we provide all manner of tax consulting and compliance services. Specialist skills exist in corporate, personal and executive tax advice, expatriate taxation services, wealth creation and development strategies. Employment-related tax advice is available covering perquisites tax, workers compensation obligations and minimum superannuation contributions. Underlying our technical skills is a practical approach and focus that will add value to our clients’ businesses. InfrastructureThe physical infrastructure is tailor-made to the organisation and by and large is distinctive and unique. The firm has a hi-tech office and the infrastructure includes full-fledged training and library facilities. The quality control aspects would be centralised at the corporate office. In general the infrastructure is quite conducive to local and international business. Client acceptance criteriaThe company has worked out rigid criteria for acceptance of any client before building up any long-term relationships at the professional level and the criteria evolved is on par with International expectations and would benefit all those who are associated with the company. The criteria we normally employ in client acceptance is: Good governance
In line with standard auditing practices, the assignments are reduced to writing through client engagement letters and the scope of work is defined for each engagement. The fees are based on three factors: (a) the scope of engagement, (b) the time necessarily incurred to successfully complete the assignment and (c) the level of staff deployed for the work. Prior to commencement of each assignment we prepare a document setting our the details of work to be undertaken, the timing for such work, the costs involved, responsibilities and objectives, together with the names and qualifications of each person who will be assigned to the work, in order to clearly establish the task being performed, plus any other pertinent matters that should be considered. Only after the client is in total agreement with this Scope of Engagement does work commence. This ensures that there is a clear understanding for each assignment before the job is started. Costs are always based on the time necessarily incurred to satisfactorily achieve each assignment. However RSNA is prepared to enter into retainer or fixed fee arrangements where either circumstances require it or where long term relationships are being established. Quality assuranceThrough a Firm-wide effort, based on innovative, first-rate training programs, RSNA provides its staff with the tools and information necessary to understand clients' businesses and provide them with individualized, quality service. No other audit firm maintains such a dynamic, cooperative organization so singularly invested in the well-being of its staff and clients and committed to the building of lasting relationships. An extensive range of office-based professional development programs, reflecting the local needs of accountants and staff, is undertaken in the office. The firm is also committed to peer reviews before any opinions, certifications, assurances and reports are handed over to clients. Quality Audit ProgramTo ensure the delivery of our services to clients at global best-practice standards, the firm is constantly assessing all aspects of its business. About one-quarter of our staff performance are evaluated each year by internal audit teams whose composition includes a balanced mix of partners and outside specialists. International accreditation / affiliation
With a view to provide improved value addition to our clients, we enter into alliance partnerships with world leaders. We have secured broad understanding on specific projects with various international firms as detailed below in respect of areas mentioned against each:
Performance Benchmarks Auditing services
Publishes articles for NRIs on www.sysindia.com and www.nriworld.com and for others on www.mondaq.com, www.taxindiaonline.com and www.manupatra.com on the web. Acting as experts on the panels of www.taxindiaonline.com, www.caclubindia.com, www.indiaproperties.com, www.nriworld.com and www.sysindia.com. Publishes articles in leading financial dailies such as ‘Times Realty’, a publication of “The Economic Times” Group, ‘Financial Times’, a publication of Times of India Group, Chartered Accountant Practice Journal, Tax Planning International, Asia-Pacific Focus, published from UK and other property guides by private publishers.
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