About SPC Initiatives for Capital Markets

Initiatives for Capital Markets, About SP Chopra & Co

About SP Chopra & Co Initiatives for Capital Markets

We are a global Chartered Accountant firm with 65 years of establishment; consistently ranked amongst the top firms in the country. Our main office is located in the business district of the nation’s capital, Connaught Place and we have our branch offices in several cities in India and our international offices are located in Canada and Dubai. We are one of the 10 prestigious firms in India to be a member of PrimeGlobal, the 3rd largest global association of independent accounting firms in the world; comprising of over 320 highly successful independent public accounting firms in 87 countries.

We are a full services firm with 12 partners and staff of over 100, providing Accounting, Assurance and Consultancy as our core business lines for domestic and global businesses of medium to large size. The firm also has expertise and vast experience in providing end to end solutions for Company Law Matters, IFRS Convergence, Transfer Pricing, Risk and Transaction Advisory.

SPC Initiatives for Capital Markets

Multifarious Initiatives in Capital Markets space
Companies Act Convergence Program
Angel Funding Network
Corporate film on Listing Online SME Market Watch
Wide-spread awareness on Listing
Capital Market Surveys
Active engagement with regulators
SPC’s Initiatives for Capital Markets
Doing business in India
Business Seminars & Workshops Media Coverage
A weekly mailer encapsulating capital market news


Statutory Audit including Reporting on Internal Financial Control (IFC)
Management and Internal Audit
IFRS Convergence and Reporting
Transaction support, Valuations, Due Diligence
Post Investment, Cash burn audit for Investors
Standard operation procedures (SOPS)
Formation of an appropriate business
Obtaining Registration
Periodic Compliances
Assessment of Statutory Compliances
Tax Compliances
Routine Compliances Matters

read more: Core Advantages of SME Listing

Audit services for High Commission offices employing Authorized Visa Agent (AVA)

Audit services for High Commission offices employing Authorized Visa Agent

Audit services for High Commission offices employing Authorized Visa Agent

High Commissions appoint several travel agents as the Authorized Visa Agent (AVA) to assist in processing the visa applications through their internal computerized system. The High Commission audits the AVAs. Today the most effective method is to outsource the audits of these AVAs to specialized external auditors, such as SP Chopra & Co.

SP Chopra & Co Expertise to provide consultancy for visa clearance, documentation, data management, processing with migration either in India or abroad – countries including Singapore, Australia, UAE. Customer service excellence has always been and will always be one of the critical competitive advantages for our business. Our customers include employees of largest MNC’s, individual clients, government officials, famous celebrities, airlines and corporate clients, students, diplomats, International NGO’s, Hoteliers and over more than 500 tour operators & travel agents spread all across the country.

General Scope of Work includes

  • Safekeeping and Storage of Visa Application Material
  • Completeness of Application Material and Data Entry Accuracy
  • Management and Security on Access rights to Visa System (SAVE)
  • Robustness of Workflow to ensure Data Integrity and Authenticity
  • Proper Documentation for Revenue Collection.
  • Proper Documentations for Application Record/Instruction by Authority.
  • Knowledge Management and Staff Competency to ensure Data Integrity

Manage Track Record and Experiences with UN Agencies

SP Chopra & Co firm has vast experience in conducting the audit in Development sector and is presently conducting audit on behalf of following UN agencies for last over 9 years as detailed are given below:

United Nations Development Programme (UNDP) 2007 onwards i.e. 9 years experiences
United Nation Children’s Fund (UNICEF) 2007 onwards i.e. 9 years experiences
United Nations Population Fund (UNFPA) 2011 onwards i.e. 5 years experiences
UNAIDS 2011 onwards i.e. 5 years experiences

A) Our Experience with UN Agencies- INDIA

SP Chopra & Co firm has entered into a Long Term Agreements with various UN Agencies i.e. UNDP, UNICEF and UNFPA for providing various services, as summarized below:

NEX/ NIM Audits for the year 2007 onwards of which LTA in under renewal since the year 2016.

We had conducted NEX/ NIM audit of UNDP projects since 2007 besides other assignments carried out at Country Office and State Office at Tamil Nadu. Further, the firm has carried out the Scheduled Audits of various partners of UNICEF. (The detailed list of partners covered under the audit is enclosed).

Micro assessments for assessing the financial capacities of the Implementing Partners as per Harmonized Approach to Cash Transfers (HACT) guidelines since 23.06.2008 which is valid upto September 2017.

Track Record and Experiencein UN Agencies

We had conducted the micro assessment under HACT guidelines of more than 125 partners since 2008 for various UN Agencies.

Capacity assessments for assessing the programmatic and financial capacities of 38 Implementing Partners i.e. NGOs/ CBOs for UNDP for IKEA project during 2015 and 2016.

Spot checks of Implementing Partners i.e. NGOs/ CBOs for UNDP and Unicef since 2015 onwards.

B) Our Experience with UN Agencies – INTERNATIONAL

Firm has conducted NIM audit of 3 Projects for United Nations Development Programme, Afghanistan for the year 2015 and 2016 successfully.

Firm had also conducted NIM audit of 8 Projects for United Nations Development Programme, Malawi successfully for the year 2014.

Firm had conducted the audit of Urban Partnerships for Poverty Reduction (UPPR) project, a DIM Project (more than 10 million US$ expenses), supported by UNDP Bangladesh on behalf of OAI, Asia Pacific during the year 2013.

We already providing round of the clock service to our existing respected customers and the scenario of development “Make In India” objective of the Government of India we taking it to expand our network by adding business and commercial clients by offering them a platform where their travel needs are taken care softly.

Our Location

We are located at one of the best, most central location in Connaught Place in the heart of City New Delhi, National Capital Territory, India.We are maintaining a well furnished& efficient office with trained staff.

Audit and Assurance Services | SP Chopra | Delhi | India

Audit and Assurance Services

Audit and Assurance Services

SP Chopra & Co Audit and Assurance group provides assurance on the financial performance and operations of your business. We can also help your business improve its internal financial reporting and adapt to new regulatory requirements such as International Financial Reporting Standards (IFRS).

Statutory Audit, Internal Financial Control

SPC provides timely and partner led audit services to both domestically and Internationally in Multinational Sector, Private Sector, Banking and insurance, Public Sector & Social Sector.

SPC consider Financial reporting framework, Accounting policies and practices, Internal controls, Business and industry, Financial performance, Management and Internal Audit, IFRS Convergence, Reporting, Transaction support, Valuations, Due Diligence, Post Investment, Cash burn audit for Investors, Standard operation procedures (SOPS), Statutory and contractual Audits, SP Chopra Methodology & Approach specifically.

Financial reporting framework:
The term financial reporting framework – FRF is defined as a set of criteria used to determine measurement, recognition, presentation, and disclosure of all material items appearing in the financial statements.

Accounting policies and practices:
SP Chopra adherence to accounting policies, procedures and best practices. From the beginning in the business, SP Chopra design, developed and standardized consistent policies and procedures to streamline all accounting processes.

Internal controls:
Preparation of reliable financial information is the key responsibility of the management of every public company or domain. The ability to effectively manage the company’s business requires access to timely with accurate information. Moreover, investors must be able to place confidence in a company’s financial reports if the company wants to raise capital in the public securities markets.

Financial performance:
Financial performance is the subjective measurement that how well a firm can use assets from its primary mode of business and generate the revenues. It is used to measure firm’s overall financial health over a given period of time and can also be used to compare similar firms across the same industry or to compare industries or sectors in aggregation.

Management and Internal Audit:
It helps an organization accomplish its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

IFRS Convergence, Reporting (Indian Accounting Standards converged with IFRS):
With the completion of the enactment of Companies Act, 2013, the Ministry of Corporate Affairs has started the process of convergence of the Indian Accounting Standards with the International Financial Reporting Standards (IFRS), which is to be implemented from April 2015.

The Accounting Standards (AS) issued by ICAI are prepared on the basis of the Indian environment, while International Financial Reporting Standards (IFRS) are prepared by considering the global environment as a whole.

Cash burn audit for Investors:
The rate at which a company utilizes its cash supply over a specific period of time is known as the cash burn rate. it is used to measure the speed at which cash ends or is burnt in consumption.

Standard operation procedures (SOPS):
SPC provide services includes Standard Operating Procedure (SOPs), Internal Audit Risk Assessments, Key Risk Indicators, Change management, Forensic Audits and Investigations etc.