Tuesday, June 18, 2024
Business

Top Most 11 Successful Audit Firms in India 2023

With a myriad of options available, it is a daunting task to choose between top audit firms in India. Accounting is the practice of recording regular and precise transactions in a company. Therefore, the necessity of prominent and successful accounting firms is in great demand. 

Accounting is an integral aspect of a company that can not be overlooked. To keep your company viable, consider taking assistance from the most successful accounting firms in India who can provide you with feasible solutions to plan your business. 

Regardless of size, accounting is a fundamental job that should be employed properly to achieve maximum potential results. Explore the list of successful accounting firms and opt to enjoy the greatest outcomes.

Why is there a need for an audit firm?

For all those who are questioning why you even need an accounting company, let us quickly explain why. Today, one of the largest blunders small and new company owners make is in attempting to handle all of their firm’s finances alone. They assume that simply because their firm is tiny, they can easily supervise where their finances are going and make an adequate budget for their operations.

However, this doesn’t generally ensure remarkable outcomes. Sure, handling all of your money alone could be inexpensive or easy, but one poor choice can drastically hinder your company in a variety of ways. So, to guard the organization and avoid suffering through a significant loss creating a tie-up with an accounting firm is highly recommended.

Given that there are several accounting firms, we made an effort to compile a list of the 11 most successful accounting firms for your knowledge. So get started right now.

  1. Deloitte 

One of the successful accounting firms, Deloitte leads the professional services network in terms of revenue and personnel, making up both of the parameters. Its headquarters are in London, England.

In terms of revenue, Deloitte is the nation’s leading professional services network. Along with this, based on a number of specialists, it is the biggest professional services network across the globe.

Deloitte is recognized for delivering auditing, taxation, consultancy, corporate risk, and financial advising services to more than 200,000 experts in over 150 countries. They are the Advisors to several of the World’s most respected Brands.

Industry consulting services operate on the principle of ‘providing realistic viewpoints and answers to inquiries.’ Above all, Deloitte believes in ‘Good to make it great!’ They believe in ‘helping customers to become Leaders’.

  1. PWC

In terms of revenue, PriceWaterhouseCoopers came in second place in 2014. PricewaterhouseCoopers is comparable to Deloitte, EY, and KPMG among the Big Four most successful accounting firms. It consisted of a global network of professional services.

The Firm believes in helping address challenging situations and discovering possibilities. Individuals from a wide range of professions are welcomed, including those from the arts, commerce, economics, engineering, finance, health, information technology, law, and others.

PWC typically focuses on providing top-notch consulting, tax, and assurance services. It is practiced and results in a significant position in the global advisory industry. Its preliminary offerings comprise asset management, banking and wealth management, financial sectors, industrial goods, healthcare, power & utilities, private equity, public sector, retailing & consumers, and technology sectors.

Located in London, England, PricewaterhouseCoopers International Limited serves as the coordinating body for the global network of companies. It manages the global brand and establishes policies and initiatives to create a coordinated and uniform approach in areas like risk, quality, and strategy. It doesn’t provide customers with any services.

  1. KPMG

KPMG is one of the eminent and most successful accounting firms in the world and has its worldwide headquarters in Amstelveen, Netherlands.

Alongside with Deloitte and EY, KPMG is one of the Big Four auditing companies. KPMG has 162,000 employees working for them, and they provide three services: auditing, taxation, and advising. The company further breaks down its tax and advice services into several service segments.

KPMG businesses provide ongoing and event-driven services to many of the major global multinational corporations as well as financial investors. Over the past 10 years, the company’s worldwide network of affiliates has been the subject of legal disputes and regulatory actions.

  1. EY (formerly Ernst & Young)

EY stands for Ernst & Young, a global professional services company with headquarters in London, United Kingdom. It ranks among the top four audit firms in India and is the third-largest provider of professional services globally based on revenue.

One of the most prestigious business services networks around the globe is EY. It is recognized as one of the top four accounting firms, along with Deloitte and PricewaterhouseCoopers. For its clients, it primarily provides assurance (which includes financial audit), taxation, consulting, and counseling services.

EY has been diversifying into markets outside of accounting in recent years, similar to many of the other successful accounting firms. Hence, these new industries include strategy, operations, HR, technology, and financial services consulting.

  1. BDO International

Binder Dijker Otte, better known by its initials BDO, is a global network of firms that provide professional services under the BDO name in the domains of taxes, consulting, and business advising. It is not just India’s fifth-largest business, but it is also one of the most successful accounting firms in India. Global fee revenue of the member businesses in the network for the year ending 30 September 2021, including the members of their exclusive alliances, reached US$11.8 billion.

It is one of the best public accounting firms and has a vast professional network. It has the ability to serve both domestic and international customers. The business merged with Salibello & Broder and is located in Los Angeles and New York, which increased its annual income. Tax problems for Salibello & Broder resulted in the merger.

  1. Grant Thornton International 

With a reported yearly revenue of more than $1,245 million, Grant Thornton is ranked sixth. A total of 6,000 experts are recruited by the company, which operates out of 54 offices across the country.

They are presently based in Chicago, IL. Stephen Chipman, the Chief Executive, is now in charge of it. This business seems to have had outstanding growth this year in organics and M&A. They also started their worldwide brand campaign very recently. Furthermore, they were one of the six designated businesses appointed to monitor banks in a nationwide mortgage settlement.

Grant Thornton LLP offers three service lines: auditing, taxation, and consulting services. Specific consulting services and areas of competence include Sarbanes-Oxley regulation, mergers and acquisitions assistance, taxation, and company assessments. Moreover, the key sectors comprise construction, distribution, energy, financial services, food and beverage, healthcare, hospitality and restaurants, and much more. 

  1. RSM International

RSM is the seventh-largest audit, tax, and consulting firm in the professional services network. Being the sixth-largest worldwide provider of tax services, it takes immense pleasure in this fact.

In 111 countries assessed in September 2014, it has independent member companies and correspondents. 35,396 people work for the member companies of RSM International, including 3,221 partners across 718 branches.

Three of the founder members are RSM McGladrey/McGladrey & Pullen, Salustro Reydel, and Robson Rhodes, all from the UK (USA).

  1. SS Kothari Mehta & Co.

The fact that this company has been around for more than 55 years is its greatest asset. SS Kothari, one of the most prominent businesses in Delhi, has offices throughout more than a hundred different countries.

It has created a significant national presence by growing a network of 6 offices and 20 associates that essentially covers the whole nation. A combination of Partnerships and Associates has almost completely covered the whole country.

It provides services in a variety of sectors, including BPO, tax advisory services, mergers and acquisitions, statutory audit services, corporate laws, and more.

For the last few decades, SSKM has continuously ranked among India’s preeminent chartered accounting companies. Through a network of prestigious associates, SSKM has a strong pan-India presence in addition to its main offices. A diverse range of major and medium-sized businesses as well as international promoters are among their clients, demonstrating their viability in the business world.

  1. Lodha & Co

This is another established business that dates back to 1941 and has offices throughout India. In cities like Kolkata (Calcutta), Chennai (Madras), Hyderabad, Mumbai (Bombay), New Delhi, and Jaipur, they do business.

Lodha & Co. is experienced in offering professional services to several corporate clients, including public sector enterprises, central banks, banks, insurance firms, etc. They are functional both domestically and abroad.

  1. Sahni Natrajan & Bahl (SNB) 

SNB is a national Indian company with a Delhi basis that offers services in the fields of audit, consultancy, accounting, and related fields. It was founded in 1981 and is now regarded as one of the paramount audit firms in India having a New Delhi headquarters and offices in Bangalore and Mumbai.

Since then, it has developed a reputation for offering the best services possible with the intention of creating value for each of its clients in a manner that is wholly professional, autonomous, and ethical.

The firm has maintained its goal of offering services of the highest grade that provide value to each of its clients in a way that is completely professional, autonomous, and moral.

It is renowned for offering services in several fields, including corporate laws, taxation, auditing, and internal audit.

SNB is aware that it is crucial to fully understand and take into account each customer’s specific needs to provide the best service options. The business uses its broad practical experience across a number of areas to consistently provide each client with tailored services.

  1. Luthra & Luthra

Luthra & Luthra is a business situated in Delhi with six additional partners. The company was founded in 1979.

It has grown into one of the most prominent businesses in India, offering services in audit, consultancy, tax, and corporate law. It is compelled to deliver high-end services to its customers.

A company’s expertise is essential to its success. To meet its business objectives, the company thus places significant attention on training its employees to handle inquiries and requests from customers. It has offices in Bangalore, Chennai, Noida, Mumbai, and Bangalore.

This organization is known for providing services in diverse sectors like Taxes, Business Laws, Foreign Currency Exchange Regulations, and SEBI-related services in partnership with 18 highly skilled individuals.

Conclusion

It was a comprehensive guide about 11 successful audit firms in India in 2023. So, if you consider seeking help from the aforementioned successful accounting firms, it will undoubtedly add value to your company’s overall development. All of the above-described audit businesses have competence in specific areas such as taxes, financial advising, and consulting that you will hardly find in any other audit company.

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