Assistant Manager Accounts Audit & Taxation
Shivnandan N Katdare and Company
Total years of experience :12 years, 9 Months
Planning & Scheduling of assigned audit plans scope and objectives to obtain a working knowledge of clients, developing audit plans and procedures in compliance with statutory audit requirements.
Performing financial, operational, system, compliance and process audits of clients units to ensure adherence and compliance to the organization's corporate policies.
Carrying out tests, evaluating the results and drawing conclusions based on test findings to identify scope of improvement in the audit method and obtaining the Internal Audit Senior Manager's approval in a timely manner
Formalizing Audit procedures in compliance with company policies and international standards and reviewing Audit documents/ SOPs to stay current with changing business environment
Performing analytical review procedures on audit activities conducted by the auditees using audit software & tools, as applicable
Conducting regular risk assessments of business operations and policies as per the audit plan and gathering audit evidence through the audit team
Drafting audit reports & recommendation, writing audit memos and obtaining IA Manager's approval
Conducting of annual risk assessment ensuring all key risks (Financial/ Legal/ Fraud) are assessed and recommending internal control improvements that may include operational enhancements or efficiencies
Participating in & monitoring fraud investigations to ensure accuracy, efficiency and quality of investigations impacting customer protection
Reviewing and periodically testing/ monitoring controls implemented by the audit team
Assisting senior colleagues’ staff in the performance of management requests and nominated reviews.
Handling all expenses, writing cheques and managing vendors including punching of entries on daily basis.
Computing Withholding Tax, VAT Input & Liability including timely payment.
Handling Payrolls of all Expats and Local Nationals for all lodges.
Helped seniors in finalization of accounts for 2012.
Liasoning with Banks related to foreign exchange rate transfers.
S N Katdare & Co (Mar 2011 To April 2013) (rejoined Back in January 2014 till date)
Independently handled Internal Audit of Maharashtra State Electricity Distribution Company Ltd related to High Tension & Low Tension Lines of Industrial and Residential Consumers billings. Offices covered were Panvel, Karjat, Khopoli, Khalapur, Pen, Roha, Pali, Mangaon, Marud.
Independently Handled Internal Audit of IDBI Bank revenue recognition, Forex audit, Packing Credit, Inspection of FIBC, FOBC, Packing Credit, Bank Guarantee, Loan Processing Documents, Interest Calculation, Loan Processing Charges etc. Reporting on overdue loans - Home Loans, Cash Credit and Export Packing Credit.
Concurrent Audit of Bank of Baroda (Nariman Point) revenue recognition, loan processing verification.
Statutory Audit of Corporation Banks (Kharghar), Syndicate bank (Andheri) Bank of Maharashtra (Andheri).
Managing Accounts till finalization & Consolidation pursuant to Sec.210 and revised schedule VI, Cash Flow Statements.
Compiling and Filing of Advance Tax, MAT, Income Tax Returns, TDS Returns, VAT and Service Tax returns.
Filing Service Tax & Income Tax returns of corporate clients.
After coming back from Tanzania (Kigoma Hilltop Hotel Ltd) I rejoined back my earlier CA firm S N Katdare & Co since January 2014 till date. My job profile being the same described earlier.
I hereby certify that the above information is correct to the best of my knowledge and belief.
British Scaffolding International Limited Nov 2008 To Feb 2011 Assistant Manager Accounts & Finance
Managing Accounts till finalization & Consolidation including CFS, Monthly/Quarterly/Yearly Financial and MIS preparation
Responsible for performing Tax & Statutory Audits, Internal Audits, Reporting, and Analysis based on the audit engagement.
Computing Statutory dues like FBT, TDS, VAT, Service Tax timely payment and quarterly filing of return. Fixed Assets Registers.
Assisting senior colleagues’ staff in the performance of management requests and nominated reviews.
Prepared Masters of MIS during ERP implementation for all centers and independently handled it till its implementation.
Inter branch/Head Office Reconciliation with a high degree of branch contacts.
Liasoning with Financial firms and Banks.
- British Scaffolding International Limited
(Nov 2008 To Feb 2011)
The company is a manufacturer of Tubes Pipes Construction accessories etc.. export to USA, UK, and Australia etc, having its manufacturing unit in Nasik and corporate office in Andheri (East)
Engagement responsibilities as Finance Manager includes-
❸ Managing Accounts till finalization & Consolidation including Cash Flow Statements.
❸ Responsible for performing Tax & Statutory Audits, Internal Audits, Reporting, and Analysis based on the audit engagement.
❸ Computing Statutory dues like FBT, TDS, VAT, Service Tax timely payment and quarterly filing of return. Fixed Assets Registers.
❸ Assisting senior colleagues' staff in the performance of management requests and nominated reviews.
❸ Prepared Masters of MIS during ERP implementation for all centers and independently handled it till its implementation.
❸ Liasoning with Financial firms and Banks.
Arrow Coated Products Ltd May 2006 to October 2008 Accounts, Audit & Taxation Executive.
- Arrow Coated Products Ltd
(May 2006 to October 2008)
The company has a well known and wide reputation in the Packaging of Water Soluble Films & manufacture of Bio-degradable Plastics having its head office at Andheri and branches at Mumbai, Ahmadabad, Ankleshwar, Bangalore & Delhi. My role includes
My role includes
❸ Managing Accounts including consolidations (unaudited) of groups and subsidiary companies.
❸ Computing Statutory dues like FBT, TDS timely payment and quarterly filing of return.
❸ Inter branch/Head Office Reconciliation with a high degree of branch contacts.
❸ Monitoring Sundry Receivables and Sundry payables.
- Bhadniwalla, Suvarna, Kawasia & Associates.
(March 2003 To April 2006)
The firm is one of the leaders in Audit & Tax consultancy service.
Engagement responsibilities include: ❸ Statutory & Concurrent Audits of Banks.
❸ Filing of Income Tax returns of the Individual assessee
❸ Company Audit - Tax Audit & Internal Audit of Square Automation Pvt Ltd., Cee Sulfons Ltd, Jaipan Ltd, Indigeneous Pvt. Ltd. including minutes of companies.
❸ Partnerships Firms - Tax Audit of Partnership Firms like Polysacks, Unique Road lines etc. Books writing, manual & Computerized up to finalization.
❸ Trust Audit - Books writing and audit of Trusts (Mujlis Munch)
❸ Society Audit - Audits of Co-operative Societies, filing of forms independently, minutes etc.
❸ Individuals -Tax Audit and Books Writing of Professionals and Businessman.
❸ Computation of Income, E-Filing of Tax Returns.
Illustrative list of Major clients: Statutory &Tax audit under Companies Act.
- Maharashtra State Electricity Distribution Co Ltd.
- Siddhpur Mills Ltd
- Sea Horse Pvt Ltd
- Vidhyut Metalics Pvt Ltd (Supermax Group)
- Omega Intermodal (Shipping Agent)
- SP Arrow Bio-Plasts Pvt Ltd
- Avery Bio-degradable Products Pvt ltd.
- Safreen Garments
- Media vision Private Limited
- Nirron Prints Private Limited
- Desh Wire Products Pvt Ltd.
- Swami Samarth Electronics
- Laxmi Traders
Engagement responsibilities include: ❸ Review of Audited Financial Statements General ledger scrutiny;
❸ Preparation of Form 3CD, Annexure to Form 3 CD.
❸ Drafting of Audit Report including particulars required to be furnished under section 44AB of the Income Tax 1961.
❸ Substantive verification / test of details (including Analytical review of account balances);
❸ Ensuring compliance with the extant laws and regulations, Accounting Standards and Standard Auditing Practices issued by ICAI;
Working on Audits from beginning to end, mainly focusing on clients within the Manufacturing & service industry.
Illustrative list of clients served: Internal & Concurrent Bank Audits
- Saraswat Bank
- Bank Of Maharashtra
- Dena Bank
- State Bank Of India
- Union Bank of India
- Jankalyan Sahkari Bank
Engagement responsibilities include: ❸ Credit cards billings avoiding revenue leakage.
❸ Loans & Advances verification as per RBI norms.
❸ Credit appraisal & documentation.
❸ Reporting on overdue loans - Home loans, Cash Credit and Export packing Credit.
TECHNICAL SKILLS AND PERSONAL DETAILS
Bhadniwalla, Suvarna, Kawasia & Associates. March 2003 To April 2006 Articleship
n Statutory & Concurrent Audits of Banks.
n Filing of Income Tax returns of the Individual assessee
n Company Audit - Tax Audit & Internal Audit of Square Automation Pvt Ltd., Cee Sulfons Ltd, Jaipan Ltd, Indigeneous Pvt. Ltd. including minutes of companies.
Partnerships Firms - Tax Audit of Partnership Firms like Polysacks, Unique Road lines etc. Books writing, manual & Computerized up to finalization.
Trust Audit - Books writing and audit of Trusts (Mujlis Munch).
Society Audit - Audits of Co-operative Societies, filing of forms independently, minutes etc.
Individuals -Tax Audit and Books Writing of Professionals and Businessman.
Computation of Income, E-Filing of Tax Returns.
Completed ACCA (F1 to F9) and preparing for professional levels P1 to P5
Summary Profile Successfully completed Professional Examination -II degree from the Institute of Chartered Accountants of India in November 2007
March 2004. I have experience of more than Ten years in the field of Accounting, Audit and Tax consultancy practice. My key strengths are in the areas of managing and executing Accounts preparations including Finalization & Consolidations pursuant to Sec.210 Revised Schedule VI, Management Audits including review and verification of MIS, Statutory Audits, Internal Audit, Tax Audit, and preparation of audit reports. As a Accountant my role encompasses following responsibilities: ❸ Relationship with Management - Understanding management's needs through regular interaction, delivering solutions exceeding management's expectation. ❸ Service Delivery - Engagement planning, management and execution of projects from initiation to finalization within specified timelines. ❸ Knowledge Management - Developing work programs and methodologies to build competency and constant endeavor to enhance value proposition through qualitative work. ❸ Team Building - Knowledge sharing, training and development of team members on a continuous basis. During my last few months of Article Ship I was engaged as Project Service Provider in a BPO Industry named Datamatics Technologies Pvt Ltd, Mumbai on payroll of M/s Bhadniwalla, Suvarna, Kawasia & Associates. My role included preparing Individual Tax returns of US Assesses, Reviewing & Supervising and dispatching the returns on timely information.
Articles with M/s Bhadniwalla, Suvarna, Kawasia & Associates. (March 2003 to April 2006) Successfully completed Bachelor of Commerce from the Mumbai University [Major in Audit, Tax, Accountancy and Export]
SSC - Scored 68% HSC - Scored 74.5% TYBCOM - scored 64% CA Inter qualified from The Institute of Chartered Accountant of India in November 2007