About True and Fair
True and Fair is a start-up firm formed with a vision to enable capacity building and capability enhancement of audit firms. We are a self-funded firm promoted by a group of Chartered Accountants who are extremely passionate about audit quality. True and Fair is an independent firm both financially and operationally and are not sponsored or guided by or affiliated with any other firm, be it in India or internationally. We bring together a collective experience of more than 100 years in audits and accounting. Leveraging on our experience we have designed a set of policies and practices to help our clients benefit from our technical expertise. We have the skills and scale to serve audit firms (both established and formative), upcoming chartered accountants, Regulators, and corporates - while remaining agile and personal in our approach. True and Fair is one-of-a-kind firm and aspires to be the benchmark STANDARD SETTER in the auditing ecosystem, regarding quality of audits undertaken and performed.
Meet The Team
The activities of True and Fair are supported by a team of five (and growing) young and energetic professionals with over 10 years of work experience each in auditing, accounting and advisory and have served a diverse set of industries. Each member has held senior professional positions in one of India’s largest audit firms including positions in the firm’s technical, quality and learning teams.
Founder and Managing Partner
Balaji V. brings over 28 years’ experience in financial accounting and auditing, working across various industries, including, agriculture, automobile, healthcare, information technology, information technology enabled services, manufacturing, real estate, retail and infrastructure. Over the course of his professional career, he has held leadership positions in one of India’s largest audit firms in roles spanning Audit Inspections, Audit Risk, Audit Quality and Regulatory. Balaji has been a member of the Audit and Assurance Standards Board, the Expert Advisory Committee and the Ind AS Transition Facilitation Group of the Institute of Chartered Accountants of India (ICAI). He has also been a member of various study groups constituted by the ICAI to evaluate and address issues considered for amendments by the ICAI. Balaji has co-authored various publications of the ICAI including the ‘Guidance Note on Audit of Internal Financial Controls over Financial Reporting’ and the ‘Guidance Note on Reporting on Fraud’ under sections 143(3)(i) and 143(12), respectively, of the Companies Act, 2013; ‘Technical Guidance on Reporting under Rule 11(e) and 11(f) of the Companies (Audit and Auditors) Rules’; among others.
Brindasri K. comes with over 27 years of professional experience in the information technology services sector and has worked with India’s largest IT company. Her area of expertise includes sales and delivery in the banking and financial services industry, professional services and life sciences. Brindasri has also worked with one of the largest multinational audit firms where her role involved automating operations.
Empowering the auditors with an ecosystem of actionable policies, best practices, tools, technical guidance, and access to audit specialists such as Information Technology Audit, Forensic Audit and Valuation Specialists.
Improving the efficacy of implementing the principles specified in the professional standards during audits.
Develop an exhaustive library of audit-related material in the Audit Documentation and Archival Tool (ADAT) including content on risks and possible responses, scalable work paper templates, audit programmes and checklists.
Significantly invest in data analytics and artificial intelligence to improve the quality of audits and productivity
Practical Training and Development
Developing and imparting a robust training curriculum with industry specific real life case studies and simulated work environment for aspiring and qualified Chartered Accountants and other eligible professionals looking to make a career in financial accounting and auditing.
Guide corporates on complex Accounting & Financial Reporting matters, Environmental, Social and Governance (ESG) strategy, Risk Management practices and Board Governance.
Collaborate with Regulators on standard setting, regulatory developments, monitoring and inspection policies and disciplinary mechanisms.