N D KAPUR & CO. has successfully obtained the Peer Review Report for the three year period of 2008-09, 2009-10 and 2010-11 and which has been issued on 11th February 2013 without any qualifications and adverse comments. Earlier also, we were peer reviewed for 2006-07 and 2007-08.
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 reputation and acceptability of a learned profession depends on its ability to render the highest quality of services to the society. Towards this end, the Institute of Chartered Accountants of India (ICAI) is using the concept of peer review as a tool for enhancing the quality of services rendered by professional accountants.
The Institute, recognizing the need to observe the best international practices, has established the system of peer review. Peer review helps in reassuring the stakeholders and the society at large that the profession is conscious of its responsibilities and is always striving to ensure that the highest standards are observed by all practicing members rendering audit and attestations services to the society.