Jawahar Lal Chaudhry

Sunita Jawahar  Lal Chaudhry&Associates are in practice since 1998.the firm was started by CA Sunita Juneja and her father Mr. Jawahar Lal Chaudhry who is an advocate of income tax department. At first they started their office in their house but now they have their main office in Krishna market, rajpura.CA Sunita Juneja is in practice since 1998.she joined her father Mr. Jawahar Lal Chaudhry who was an advocate and now these both are running the firm fomore than 18 years. As we know that Partners are the founders of the firms and the name are associated to them only they are the main parties who issues or signs any report and all the inquiry is made by them in our firm. In our firm Mrs Sunita Juneja and Mr. Jawaharlal Chaudhary are the two partners who started the firm. The firm represents the combination of specialized skills, which offers sound financial advice and proper services. They have the good customer relation and all the work is been completed by them on time. There is proper management for handling of the work and proper managing because of which no confusion is being created. There is proper infrastructure and various departments for proper handling of the work. Both the partners of the firm have the good experience and as a result there is goodwill of them in the market. All the work carried here is according to the rules and regulations which are passed by the government .They audit various good firms in Rajpura .Some of them are alcon cables, aneja plywood etc. 1.2 About the projectStudy of internal auditing as a tool for companies performance was completely a new project idea which I got through the Chitkara University. As we all know auditing is the most important part of the company as it maintains the system of the internal control to attain the objectives and moreover for the smooth running of the company auditing is necessary.Internal audit is a consultant activity which designs to add some value in the organization. Basically internal auditing is the integral part in the companies. They provide various services to the companies like prevention of the fraud. As we all know that many frauds are taking place for example like misuse of company credit cards etc. So internal auditing keeps the check on the financial resources so that there is no misuse of the company resources.It is also helps to monitor the internal controls by designing the proper credit policy so that there is no bad debt. Internal audit also consists of the operational audit which means that to look that whether the organization is operating at maximum efficiency or not For the proper working of the organization and for the sound financial system there should be proper check on the organization which can be done through internal auditing. 2.2) Report on internship 2.1) About the firm I did my internship under chartered accountant Sunita Jawaharlal Chaudhary and associates in rajpura.All of my fellow worker were cooperative and were ready to help each other. There was proper management structure. The infrastructure of the firm was also quite good. There was proper working of computers and equipments were used according to the latest technology. By working under the chartered accountant firm not only gives us additional knowledge but also helped me to apply my academic knowledge into the practical world. It is one of the reputed firm in the rajpura and also audit good firms in rajpura.