Complex business matters such as accounting and taxation require expert guidance and supervision. The growing compliance complexities make things more challenging for the common person. A chartered accountant firm employs experts in the finance, accounting and taxation domain who have the required expertise. India’s best chartered accounting firms can be trusted to provide the most cost-effective and reliable services. Before we jump into India’s top finance and accounting firms, let’s learn about some decisive factors when choosing a service provider.
Tips for choosing the best finance and accounting firms
Here are some crucial factors to consider before onboarding an accounting & finance firm for your business.
- Certification and license
Unlike many other professions, the accounting and financial services landscape is heavily regulated due to the criticality of the work involved. You must first check the license and certifications owned by the accounting/finance firm. They must be allowed to operate in their respective domain legally. Checking the license and certification requirements will help avoid any fraudulent service providers.
- Customized services
The second important factor in this list is the customization of services. The accounting & finance firm you are planning to hire must offer customized services that best suit your company’s needs. It should not have a rigid policy on the delivery of services. A ‘one size fits all approach’ should be a red flag when choosing a service provider.
- Experience and expertise
The third and most important thing that must be considered is the experience and expertise of your service provider. Experienced accounting firms know exactly how to navigate through the challenges in your industry. In addition, since they have been doing the work for a longer duration, they know what it takes to get the job done quickly.
Another essential factor to be mindful of while choosing a suitable accounting firm is their service fee. Always aim to hire an accounting & finance firm whose professional fees fit the company’s budget. It is essential to discuss all the charges associated with the delivery of service. At times, there are hidden charges that can significantly increase the cost.
Top finance and accounting firms in India
Now that we have a fair idea of what must be considered before hiring accounting and finance firms, let’s take a quick look at the top CA firms in India.
- Deloitte India
Deloitte is among the biggest accounting and financial services providers in India. It takes a holistic approach to deliver the best accounting and financial services. The services offered include audit & assurance, financial advisory, risk advisory, tax and related services. Deloitte employs over 200,000 professionals in over 150 countries.
Another leading name in the global accounting and financial services space is KPMG. This renowned accounting firm is headquartered in Amstelveen, Netherlands and employs over 200,000 professionals globally. It also has offices in India and employs over 12000 personnel in the country. The core focus is on delivering audit, tax, and advisory related services to a diverse clientele.
- Ernst & Young
Ernst & Young, or EY, is counted among the big fours in global accounting firms. Headquartered in London, England, EY has a strong multinational presence. It employs over 310,000 service professionals worldwide to deliver a wide range of accounting related services. The most prominent services include tax, assurance, consulting, transactions, corporate finance, etc. In addition, the customer service offered by EY is unmatched.
Price Waterhouse Coopers (PWC) is another exemplary accounting and finance firm in India with a robust multinational presence. It was the second-largest professional services network on account of revenue during 2014. It is also among the global big four auditing group. It has operations in over 155 countries and employs more than 280,000 people. Some of the most popular service offerings from PWC India include accounting advisory, consulting, risk & regulations, etc.
- AKM Global
AKM Global is an Indian accounting firm with a high reputation in the global market. It was founded in 1981 with the vision to deliver a diverse range of accounting-related services to a global clientele. Today, it offers an array of professional services, including but not limited to audit & assurance, tax and regulatory, valuations, mergers & acquisitions, corporate finance, and business set-up. It is undoubtedly among the top CA firms in India.