Soni Aditya & Associates
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Industries

Where the accounting is hardest

Every sector has its own recurring judgements. These pages set out the ones that decide how its numbers are read.

All industries
Client impact Rebuilding an expected credit loss model for a listed IT services company with US$855 million in receivables
Capabilities

The work, practice by practice

From a single accounting position to the design of a whole finance function.

All capabilities
Client impact Removing recurring cash shortages across a highway fuel retail network
Our insights

The thinking, before the deadline

Analysis on reporting, tax, structure, and the finance function, published every two weeks.

All insights
Perspective · September 9, 2026 The Income-tax Act, 2025: a new vocabulary, and the documents still written in the old one
About us

The firm, and how it works

Chartered accountants in Pune, working with companies and families across India, the Middle East, Europe, and North America.

About the firm
About us How we decide what we can take on
About us

Professional standards

Independence, confidentiality, and quality do not move with the client or the fee. These are the commitments behind our work, and what we do to keep them.

Six commitments

01

Independence

We do not audit what we have prepared.

 02

Confidentiality

Client information is protected from the first email.

 03

Quality

Every conclusion is reviewed before it is released.

 04

Scope and fees

No work begins without an engagement letter.

 05

Technology and data

People review every output; client data stays out of public AI tools.

 06

Regulation

We answer to the Institute of Chartered Accountants of India.

Independence and objectivity

We do not audit what we have prepared

Where we act as statutory auditor, section 144 of the Companies Act, 2013 and the Code of Ethics issued by the Institute of Chartered Accountants of India limit the other services we can provide to that client. We apply those limits strictly, and we extend the same principle to work where they do not formally apply: we do not give assurance over anything we have prepared or designed ourselves.

Before accepting an engagement, we assess threats to independence and objectivity, including self-interest, self-review, advocacy, familiarity, and intimidation, and we decline roles we cannot safeguard.

Exhibit 1

Three questions decide whether we can accept a piece of work, and all three are answered before it begins

Independence and objectivity checks made at engagement acceptance

Are we the statutory auditor of the company,or of its holding or subsidiary company?YesThe services in section 144 areruled outCompanies Act, 2013, s.144Accounting, internal audit, financial systems, and five otherservices are not available. Any other service needs board oraudit committee approval.NoWould we be giving assurance oversomething we prepared or designed?YesWe do not actSA&A policyEither another firm gives the assurance, or we do not take onthe preparation.NoDoes any other threat to objectivity remainthat safeguards cannot reduce to anacceptable level?YesWe decline the roleICAI Code of EthicsSelf-interest, advocacy, familiarity, or intimidation that cannotbe addressed.NoNone of these appliesAn engagement letter is agreedScope, deliverables, responsibilities, timing, and fees, in writing,before work begins.

Simplified. Section 144 lists the services an auditor may not provide to the company or its holding or subsidiary company, directly or indirectly; the ICAI Code of Ethics sets further requirements for some entities and services.

Source: Companies Act, 2013, section 144; Code of Ethics, Institute of Chartered Accountants of India; SA&A engagement procedures

Soni Aditya & Associates

Confidentiality

Client information is protected from the first conversation

Chartered accountants owe professional duties of confidentiality. We treat every enquiry as confidential from the first email, sign non-disclosure agreements on request before any substantive discussion, and limit access to client information to the people working on the engagement.

Client stories on this website are anonymised, and facts are generalised where needed so that no client can be identified.

Quality of work

Conclusions are reviewed before they are released

Acceptance, planning, execution, and review of engagements follow documented procedures. Technical positions are recorded in memoranda that cite the relevant standard or law, set out the alternatives considered, and explain the conclusion reached. Conclusions are reviewed at partner level before they go to a client or anyone relies on them.

We keep our technical knowledge current through continuing professional education and structured reading of new standards, amendments, and regulatory guidance.

Exhibit 2

Each step of an engagement leaves a record, so any conclusion can be traced to its reasoning

How an engagement runs, and what is kept on file at each step

01AcceptanceIndependence andconflict checks beforeany commitmentOn the fileThe acceptance andindependenceassessment02Engagement letterScope, deliverables,timing, and feesagreedOn the fileThe signed letter, andany agreed change03WorkAnalysis by theengagement teamOn the fileWorking papers, andmemoranda citing thestandard or law04Partner reviewEvery conclusionchallenged beforereleaseOn the fileA record of the reviewand how points werecleared05ReleaseThe deliverable goesto the clientOn the fileThe final version, keptas professional rulesrequire

Source: SA&A engagement procedures

Soni Aditya & Associates

Scope and fees

No work begins without an engagement letter

Each engagement is governed by a letter setting out its scope, deliverables, responsibilities, timing, and fees. If the scope changes, the change and its effect on fees are agreed in writing before the work continues.

Technology and data

Tools are used with care, and client data stays protected

We use analytics, automation, and machine learning where they improve the coverage or accuracy of our work, and every output is reviewed by a person before anyone relies on it. We do not put client data into public AI tools.

We collect only the personal data an engagement or enquiry needs, use it for that purpose, keep it for as long as professional and legal obligations require, and protect it with access controls suited to its sensitivity. Our approach is designed with the Digital Personal Data Protection Act, 2023 in mind, and the details are in our privacy policy.

Regulatory status

A firm of chartered accountants, and accountable as one

The firm and its members are subject to the Chartered Accountants Act, 1949, the regulations made under it, and the Code of Ethics issued by the Institute of Chartered Accountants of India. This website is maintained for information, in keeping with the Institute’s guidelines, and does not seek to solicit work.

If you have a concern about our work or conduct, write to the partner at aditya@soniassociates.in. Complaints about the professional conduct of a chartered accountant can also be made to the Institute of Chartered Accountants of India.

Related

Technology & AI

Where analytics and machine learning help our work, and the rules that keep people accountable for every output.

Privacy policy

What personal data this website collects, why, who handles it, how long it is kept, and your rights.

Leadership

The partner who scopes each engagement reviews its conclusions and answers for them.

Before an engagement begins

We are glad to talk through independence, confidentiality, or engagement terms first.

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