About us

Who we are

We Jolly Stephen & Associates (“JSA”) are a Chartered Accountant firm build on values and beliefs powered by integrity, knowledge, expertise and experience based in Kerala, India with clients in India and abroad. We offer multitude of professional services including Audit & Assurance Services, Taxation Services, Corporate Services, Virtual CFO Services, Financial Advisory Services, Risk Management Services, Process Management & Accounting Services, ERP Implementation & Support Services and System Risk Management & IT Security Services. Our firm represents coalition of specialized skills that is geared to offer sound financial solutions and advices. Our team comprises of professionals with specialized skills coupled with services techniques and are equipped to meet the changing environment of business in different sectors. We are committed to add value and optimize the benefits accruing to clients.

The firm is founded by CA Jolly Stephen who is a dedicated Professional with more than 23 years of experience in the field of Audit, Taxation, Financial Advisory, Process Management and Accounting. He is a Fellow member of the Institute of Chartered Accountants of India (FCA) and Associate member of the Institute of Public Accountants of Ireland (CPA) and a seasoned professional with exposure in India and abroad.

Audit services

We audit financial statements prepared in accordance with Indian Accounting standards (“Ind-AS”) based on Auditing and Assurance Standards (“AAS”). We make use of technology to ensure the process of information gathering and dissemination is as open and efficient as possible and to help drive audit efficiencies for your ultimate benefit.

We pride ourselves on our thorough and risk-based approach to audit. We ensure that our audit effort is focused on high risk or subjective accounting issues. This allows us to focus early on resolution of significant issues, resulting in less management distraction. We achieve this by starting planning procedures early and investing appropriate time and effort in understanding the client’s business. We build this understanding, including transactions and practices that have a significant effect on a client’s financial statements, through meetings with different levels of management. We start from meetings with the shareholders, partners, board of directors and senior management and work down and across the organization as necessary. Our purpose is to obtain as much comfort as possible from a client’s internal control framework so that we are able to take the most efficient audit approach. However, we recognize that we may need to take a detailed substantive approach where we are unable to rely on internal controls, or if we decide that a substantive approach is equally effective and (or more) efficient.

Quality is at the core of everything we do at JSA and we believe it is not just about reaching the right opinion, but how we get to that opinion.

In the age of discovery, trade ships sailed from the shores of Europe carrying goods to be bartered in the Far East and the New World. The merchants to whom the goods belonged found the voyages an exciting prospect, but were keen not to be cheated … thus, our profession was born.

“Auditors” (from the Latin verb “audre”, to listen) spent their time aboard these ships, in the thick of each transaction, gaining a profound understanding of the trade. The merchants and their backers slept in peace, assured that they would receive an insightful, accurate and independent report from their auditors. By working with different traders they gained a unique insight into challenges that might lie ahead for their clients.

Nothing has changed. Our audit is still based today on a profound understanding of the business of our clients, their risks and their future outlook. We listen to our clients. Our aim is to understand how they want us to support them. Our ability to distil the essence of what they do brings rigour to our audit and a unique perspective. Simple really!