ABP & Associates
ABP renders a variety of professional services to clients all over India from its offices in Bhubaneswar, Cuttack, Jamshedpur, Berhampur and New Delhi and network with other Chartered Accountants Firm in Mumbai, Chennai, Kolkota, Bangalore, Hyderabad and Ahmedabad, primarily in the following areas
Statutory Audit and Accountancy
Company Audits are conducted pursuant to the Companies Act, 1956 and in accordance with the Statements on Standard Auditing Practices issued by the Institute of Chartered Accountants of India with the objective of expressing professional opinion on the financial statements.
Comprehensive review of the accounting and internal control system of the client is an integral part of audit procedures adopted by the firm. Continued dialogue with the management concerning any material weakness in the internal control system is an established practice. The firm is regularly consulted on matters of accounting policies and practices by its clients.
Management Audit and Internal Audit
The firm has considerable experience and expertise in conducting management and internal audits, including reviewing and restructuring operational systems. The firm’s clients in this area of practice include large manufacturing concerns, financial/investment institutions, infrastructure, heavy engineering, banking, insurance, airline, shipping, hospitality , Non profit organisations etc. We have also handled monitoring and inspection assignments at large corporate borrowers of various Banks and Financial Institutions.
Joint Venture & FDI
The firm has considerable experience and expertise in conducting Due Diligence assignments for prospective investors in Joint Ventures business combinations for Indian and Foreign clients.
The firm has conducted the information system audits of banks and financial institutions, manufacturing industries, distribution system, infrastructure and construction industries and other service industries. Seven of our Partners, have received ISA accreditation, an examination conducted by Institute of Chartered Accountants of India (ICAI). Thus, the firm’s prowess has considerably enhanced to handle system reviews, system audits including formulation of Information Security policy, Business Continuity Plans for an organization.
The firm has functioned as facilitators for various clients in respect of their software projects during implementation phase. This serves to bridge the gap between software developers and end users, providing the necessary handholding support during all stages of System Development Life Cycle.
Investigation, Inspection and Special Audit
The firm is retained from time to time by regulatory and other to conduct investigations, inspections and special audits of affairs of specific entities. The firm is retained by banks and financial institutions for monitoring performance of assisted companies (account/performance monitoring).
The firm has considerable experience and expertise in conducting management and internal audits,
Taxation Advisory and Representation Service
The firm has a highly respected professional reputation of rendering expert advice in the field of direct taxes viz. Income and Wealth taxation for corporations, business firms and individuals, and interest taxation of banks and financial institutions.
The firm is retained by many large companies both in private and public sectors as Tax Advisors on a concurrent basis. Apart from acting as Tax Auditors, the firm has an established practice of representing clients before various government/tax authorities and appellate tribunals. Our large corporate clientele in taxation services includes apart from current audit clients, several others in the private and public sector.
Corporate and Allied Law Counseling
Law counseling by the firm involves advising corporate clients regularly on matters relating to business and economic legislation in general, and the laws governing corporate affairs, foreign exchange, capital issues, banking, capital markets, contracts, real estate, taxation in particular.
The firm also represents its clients, whenever necessary, before the concerned Government and/or Regulatory Authorities in connection with matters arising from these legislations. The firm advises it’s clients on joint venture agreements, share holder’s agreement, MOU’s, agreements for mergers and acquisitions of corporate entities.
Management Consultancy and Advisory Services
The firm has developed considerable expertise in rendering management services, inter alia, in the areas of capital restructuring, corporate takeovers, mergers, design, development and review of financial accounting systems, valuation of shares and businesses for takeovers and mergers, cost accounting systems, management information and control systems, organisational diagnostic studies including evolving corporate organisational structures, advising on rehabilitation of sick/marginal units, executive selection, business policy and planning, applying Value Engineering techniques to systems review.
Besides handling specific assignments, the firm is retained by several private sector companies as also by government undertakings on a standby basis as Corporate Advisors.
Specialised Advisory Service in Financial Sector
The firm renders services to its clients in preparation of detailed project report (DPR), arranging term loan finance and working capital facilities from banks & FI’s. The firm advises its clients on portfolio and loan restructuring matters. The firm also render advises on other funding avenues including ICD, leasing & hire purchase.
Business Process Outsourcing
The firm is engaged by foreign banks for theirs back office operation with regard to credit card operations, advance portfolio management and other related serviced. The services of the firm are also utilized by the banks/ Institutions ( Citi Financials Consumer Finance India Ltd, Centurion Bank of Punjab) for verification of creditworthiness and appraisal for sanction of advances/loans, Credit verification for Auto Loans/ Two wheeler loans at Bhubaneswar, Berhampur, Cuttack, Orissa.
Other Misc. Service
The firm provides other allied services as per the requirements of the clients in the following areas.
Inventory & stock audit
Fixed assets verification
GST, Customs, PF, ESI
RBI, SIA approvals.
Secretarial & legal matters.
Revenue, Inspection & concurrent Audits
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