Few Words About Us
The Firm S.N. Karani & Co. was founded in 1982 to provide professional expertise and services, in the fields of Auditing and Accounting. Subsequently, a decade later, the Firm, reoriented its approach to meet the challenges of an ever evolving and complex world of business, dependent on information, knowledge and technology.
Though young in age, compared to leaders in the profession, our Firm has achieved recognition and respect for the commitment to quality and services, not only in India but also internationally.
Established initially as an Auditing Firm, the need to expand the nature of professional services, arose due to the pressing needs of the clients which required the Firm to strengthen its accounting knowledge and skills with insights, inputs and contribution of many professional disciplines, so as to provide under one roof an effective solution to clients’ requirements.
We provide a full suit of services which includes Advisory, Assurance, Tax and Outsourcing services to various entities in the Domestic and International markets.
Our team comprises of highly experienced and qualified people which includes Chartered Accountants, Company Secretary and others providing multi functional services across sectors.
We provide a single window for various professional services which includes Advisory, Assurance, Tax – Direct and Indirect, Outsourcing of payroll and accounting services to business corporate and clients all over the world, to their total satisfaction.
Values and Best Practices
The Firm follows the Best Practices Standards of the International Federation of Accountants (IFAC) and the Code Of Ethics as laid-out by the Institute of Chartered Accountants of India (ICAI), governed by the provisions of the Chartered Accountants Act, 1949. The Firm recognizes that the objective of the Accountancy profession is to work to the highest standards of professionalism, to attain the highest levels of performance and generally to meet the public interest requirements.
These objectives require four basic needs to be met – Crediblity, Professionalism, Quality of Service and Confidence.
In order to achieve the objectives of the Accountancy profession, professional accountants have to observe a number of pre-requisites or fundamental principles. The fundamental principles are :
A professional accountant should be straightforward and honest in performing professional services.
A professional accountant should be fair and should not allow prejudice or bias, conflict of interest or influence of others to override objectivity.
+Professional Competence and Due Care
A professional accountant should perform professional services with due care,competence and diligence and has a continuing duty to maintain professional knowledge and skill at a level required to ensure that a client or employer receives the advantage of competent professional service based on up-to-date developments in practice, legislation and techniques.
A professional accountant should respect the confidentiality of information acquired during the course of performing professional services and should not use or disclose any such information without proper and specific authority or unless there is a legal or professional right or duty to disclose.
+ Professional Behaviour
A professional accountant should act in a manner consistent with the good reputation of the profession and refrain from any conduct, which might bring discredit to the profession.
+ Technical Standards
A professional accountant should carry out professional services in accordance with the relevant technical and professional standards. Professional accountants have a duty to carry out with care and skill, the instructions of the client or employer in so far as they are compatible with the requirements of integrity, objectivity and in the case of professional accountants in public practice, independence. In addition they should conform with the technical and professional standards promulgated by the Institute of Chartered Accountants of India.
When in public practice an accountant should both be, and appear to be, free of any interest which might be regarded, whatever its actual effect, as being incompatible with integrity and objectivity.
Mr. Sarosh Karani
Sarosh Karani, a Chartered Accountant, started his career in 1976, teaching accounting and the allied fields of costing, taxation and auditing at Emcoms, then associated with the Institute of Cost and Works Accountant of India. In 1982, when teaching at a college affiliated with the Bombay University, conceptualized the move to Public Accounting and founded the Firm in 1982.
Sarosh provides auditing and tax services to the manufacturing, newspaper and leisure industry and the service sector. He specializes in the incorporation of companies, amalgamations, mergers and acquisitions, assists and counsels on the liquidation of Companies and advices on the establishment of businesses in India.
Sarosh is a graduate from Bombay University and is a member of the Institute of Chartered Accountants of India. He has lectured for over a decade, on various subjects in the accounting and tax fields.
Umesh P. Gosar
Mr. Umesh Gosar qualified as a Chartered Accountants in October 1997. He is a fellow member of the ICAI having experience of 24 years.
Mr. Umesh Gosar was the Founder & CEO of M/s. Umesh P. Gosar & Associates (FRN: 117431W), Chartered Accountants since October 1997. He has rendered services in traditional areas like Tax and Audit but also advises clients on Mergers & Acquisition, Corporate Finance, Tax structuring, Corporate Restructuring and Resolution of Stressed Assets. The clientele list includes largely Publicly traded companies as well as closely held companies in MSME sector in India and Overseas. The industries in which the clients are functioning ranges from basic industry such as Steel, Chemicals, Infrastructure & Textile to Technology companies which are giving IOT services. The turnover of such clients is from 2 million rupees to 5000 million rupees. He has participated in conferences related to the field of Finance and Tax – Domestic Conferences as well as Global Conferences. He has given lectures in conferences / seminars conducted by Chartered Accountant societies as well as Industry bodies and Weekly articles are published in regional newspapers/ newsletters and journal. He is a Member of International Bodies and Domestic Bodies such as International Fiscal Association, Indo Japan Chamber of Commerce & Industry, SME Chambers of India, IMC. He is an advisor to Steel Users Federation of India (SUFI).
Since November 2021 is a Partner with M/S S. N. Karani & Co.
Hitendra A. Vithlani
Mr. Hitendra A. Vithlani, is an Fellow Member of The Institute of Chartered Accountants of India. He has completed Graduation from M.S. University, Vadodara, Gujarat. He is in Practice since 9 years. He has experience in handling Direct Tax, Indirect Tax –GST and MVAT including Tax litigation, Tax Audits; routine tax compliances ; representational services before taxation authorities; HNI Individuals; Statutory Audits of leading Hospitality Industry; Retail Industry and Real Estate Industry.