The Sarbanes-Oxley Act, 2002 (‘SOX’) applies to all companies, whose shares are listed on the stock exchanges under the jurisdiction of the U.S. Securities and Exchange Commission (SEC). The Act was enacted with a view to create new standards for corporate accountability as well as new penalties for acts of wrongdoing. Its main objective is to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws, and for other purposes.

Section 404 of the Act requires the management and the external auditor to report on the adequacy of the company's internal control over financial reporting (ICFR). We provide the following services for companies to achieve the SOX 404 audit and compliance objective:

We render the above services to the Indian based subsidiaries of the listed entities as well as onsite services to overseas companies / offices of such entities.

International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the London based International Accounting Standards Board (IASB) that is becoming the global standard for preparation of public company financial statements. It has been adopted by more than 100 countries already. It is widely expected that by 2011 a clear majority of the largest global companies could be using IFRS. In India, the Institute of Chartered Accountants of India (ICAI), India’s premier accounting body, has decided to fully converge with IFRS issued for accounting periods commencing on or after April 1, 2011.

We provide the following services relating to IFRS: