Articleship at K. S. Aiyar & Co
K. S. Aiyar & Co, Chartered Accountants, (KSA) is a leading accounting firm rendering comprehensive professional services which include Independent Audit & Assurance, US GAAP Restatement, Foreign Exchange and Regulatory Consulting, Restructuring and Valuations, Accounting and Corporate Support, Personnel Recruitment, Legal and Secretarial Support and Management Consulting and Tax Consultancy, Tax Audit and Advice on Indirect Taxes. KSA was established in Calicut in 1897 and Mumbai in 1900 and is the oldest Indian Accounting Firm in the country. KSA was founded by late Kalyan Subramania Aiyar, a pioneer in commercial education and the auditing profession in India. KSA was among the first few Indian audit firms eligible as early as 1905 for training apprentices for examinations in London of the Society of Incorporated Accountants and Auditors, London. KSA has its Head Office at Mumbai (Bombay), the country’s commercial capital, with practice offices at Chennai (Madras), Kolkata (Calcutta), Bangalore & Coimbatore and permanent local representa-tives in Delhi and Ahmedabad.
KSA is professionally managed by an Executive Board and Chief Executive Officer with a Managing Partner at the helm of each practice office. These persons are responsible for the Firm’s strategic and operational management. The Firm has a Board of Governors, which includes two independent members and two executive members and takes ultimate responsibility for the governance of the Firm. KSA uses the latest international risk-based methodology in assurance services and renders international tax and foreign investor hand-holding. This enables the firm to keep pace with contemporary technical developments and to meet the needs of its clients.
KSA provides professional services to a large number of reputed companies.
KSA has provided professional services to a wide spectrum of institutions in the field of Banking, Finance, Insurance and Regulatory Bodies.
Decades long association with a large number of clients selectively listed in an annexure detailing the Services constitute the firm’s credentials.
Engagements for the above clients include audit & assurance services, due diligence reviews, investigations, and certification of financial statements for domestic and interna-tional use.
KSA also provides US GAAP Restatement Services for Indian corporates. KSA regularly provides advisory services on Foreign Exchange related areas and Legal Advisory Services besides undertaking certification of foreign exchange remittances, royalty payments, commission income from foreign principals, export earnings etc.
KSA’s past audit clients include large public sector corporations. KSA undertakes restructuring and valuations for Public Sector Units and private sector companies
KSA’s professional work is spread all over the country and abroad. Within the country, KSA reaches out not only to the metros and large cities but even to many remote locations.
KSA clients’ have global operations through their Branches / Marketing set-ups in USA, UK, Far-East, Middle East and Austra-lia. Some of the firm’s clients have executed / are executing turnkey projects in countries like Iraq, Malawi, Syria, Indonesia, Mauritius, Saudi Arabia, Nepal, Malaysia, and Bhutan. KSA also helps with selection and recruitment of top level finance personnel for clients including those requiring placement abroad.
KSA clients are diversifying their activities by entering into technical collaborations with business giants in the world and forming Subsidiary Companies within India and abroad through Joint Ventures. KSA assists clients who are inbound investors and outbound investors in a comprehensive manner. KSA assists well known Non-Governmental Organizations (NGOs) in their needs.
KSA clients, when they needed to meet the increasing financial needs for their expansion, have tapped the foreign market through Euro-Issues, U.K & U.S issues. The various services referred to above are detailed separately.
KSA’s high quality services can be attributed to the key factor of personalised proactive service, response to client’s needs, comprehensive capabilities, regular internal reviews and partners, contacts at the top level. All the offices of the Firm are internet enabled facilitating direct client contact and better service. The Firm strives to assure client satisfaction by soliciting the team’s input to improve quality and efficiency, soliciting client feedback, facilitating knowledge transfer to the client, facilitating quality review, identifying and communicating additional opportunities.
Collectively the turnover of KSA clients is over US$ 18.9 billions.
The Management Consultancy Division of KSA has carried out con-sultancy assignments such as :
- Guidelines on delegation of authority for diverse profit centres
- Conceptual framework for computerised costing system
- Operational and Management Audits
- System designing and documentation
- Risk Management and Compliance for the Securities Industry
- Year 2000 Consultancy
Further details are set out separately.
KSA’s Tax Consultancy Division offers a wide range of services in Tax Consultancy and Tax Management in the field of direct tax laws. Relevant details are set out separately.
KSA provides comprehensive legal services through a reputed firm of legal consultants with an international affiliation in order to render a comprehensive service to its clients specially those expanding into global operations. The details are set out in a detailed statement of services.
KSA maintains qualified, well trained and highly experienced staff. A very selective recruitment process and substantial investment in training ensures that expert knowledge is supplemented by specialist knowledge in one or more areas and is broadened into general management skills required for services in the business environment. The Firm employs evaluation methods for staff performance, and increments and promotions are made based on proven evaluation methods.
KSA’s experience base which supports KSA’s services is highlighted in the select set of resumes given separately. The average age of the partners of the Firm is under forty years – and of the Firm as a whole, around thirty. A full list of the dynamic and highly motivated professional manpower can be provided on request. The firm also proudly claims having trained several professionals who have excelled in different fields, some of whom have been partners of the Firm in the past.
KSA’s high quality of services is the outcome of hands-on involvement of seniors in all important tasks, regular internal reviews, respect for client’s knowledge, skills and feedback, preparedness to respond to client queries outside the formally defined scope of work and partners’ contacts at the top level.
KSA carries a claim-free record for many decades under Professional Indemnity Insurance.
KSA is committed to excellence in professional service, education and training, fully attuned to the evolving needs of the commercial & student community and offered through a premier institution growing with the times and inspiring recognition and respect.
Audit & Assurance
- Operational Consulting & Management Assurance Services
- Financial Services & Securities Industry – Risk Management & Compliance Reviews
- International Accounting & Auditing – US GAAP & GAAS
- Coporate Support Services /Personnel search and recruitment
- Legal & Secretarial Services
- International Investor Services & Regulatory Consulting
- Services to Non-Governmental Organizations (NGOs)
- Corporate Restructuring, Mergers & Acquisitions, Valuation, Corporate Recovery
- ISAAS (Information Systems Audit & Advisory Services) / Information Systems; General Mgmt Consultancy
- Business Advisory Services
Philosophy & Vision of K.S. Aiyar & CO
To uphold high standards of honesty and integrity that make the individual and collective actions of those who work for the organization tuned to truth.
To place the interest of individuals and that of clients’ ahead of that of the Firm whenever the need arises to differentiate between these interests.
To strive always to improve the quality of services, driven by the larger need, internal and external, to improve the quality of life and the standard of living, for society as a whole.
Corporate Vision Statement
To perpetuate the sacred vision of the pioneering Founder of the Firm in the direction of being an organization devoted to commercial education – an objective close to his heart and mind.
To be significantly present in all the regions of the country as a non-family, institutionalized, national, professional firm of repute, addressing primarily the mid-sized and large corporate segments and all those entrepreneurial-individuals who create and drive the economic growth of the country irrespective of size. To provide balanced and rounded threefold services in the related areas of professional practice: audit, tax and consulting, at all practice locations.
To be a leader – competitive, dynamic – in the areas of operation, so that the best opportunity to progress and grow – at all levels – is available to all associated with the Firm, thereby directly serving the best-interests of the Firm’s clients; and to develop and implement strategies towards that end.
a system of principles for guidance in practical affairs: a philosophy of life.
the act or power of anticipating that which will or may come to be; the vision of an entrepreneur.