CA Arun Kumar Jain 


Our Peer Review

Jain Bansal & Gupta (JBG) has successfully obtained the Final Peer Review Report for the three year period of 2005-06, 2006-07 and 2007-08 which has been issued on 12th February 2009 without any qualifications and adverse comments.

Peer review means an examination and review of the systems and procedures to determine whether they have been put in place by the Practicing Unit for ensuring the quality of attestation services as envisaged and implied/mandated by the Technical Standards, Ethical Standards and Professional standards and whether these were effective or not during the period under review.

The main objective of the peer review is to ensure that in carrying out their professional attestation services assignments, the Institute’s members in practice:

  • comply with the Technical Standards laid down by the Institute; and
  • have in place proper systems (including documentation systems) for maintaining the quality of the attestation services work they perform for their clients

Peer Review Process has become more significant, pursuant to the recommendation of the ICAI to SEBI that from accounting periods commencing on or after April 1,2009, all Listed Companies would be audited by only those Firms/Practice Units that have been issued Peer Review Certificate by the Peer Review Board of the Institute.

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