Proprietor
K S MEHTA AND ASSOCIATES
Total years of experience :16 years, 4 Months
Conducting Management and proprietary audits providing corrective actions for financial betterment
and Optimum utilization of resources
Preparing Inventory reports, Book Debts, and determining Drawing Power for Bank Finance. Preparing
MSOD reports, HIS Reports for Bank’s periodical review
Assessment of Project Viability by way of SWOT Analysis, Sensitivity and Break Even Analysis, Industrial
study, Government policies and various assessment techniques
Heading finance functions, determining financial objectives, designing & implementing systems, policies
and procedures to facilitate internal financial control
Supervising preparation of Daily Performance Report to be submitted to top most managerial personnel
which comprises overall daily performance which may decide future course of action
Implementing systems, procedures & manuals for preparation & maintenance of statutory books of
accounts & financial statements and ensuring compliance with the statutory requirements
Managing payroll processing function involving computation of salaries, attendance, leave, fixed &
variable entitlements and filing of Income Tax, PF, TDS and other statutory returns
Preparing internal & statutory audit schedules on quarterly and yearly basis
Computing & arranging for timely deposit of taxes (Income Tax, Sales Tax, Service Tax and VAT); filing the
returns for timely completion of assessment and ensuring statutory compliance
Involved in Statutory, Revenue and Stock Audits of Nationalized Banks, which includes Assets
classification as per norms of RBI, provisioning, disclosure of contingent liability, Maintenance of Capital
Reserve Ratios, Compliance of KYC norms, Revenue Leakages, appraisal and execution level compliance
and so on
Involved in Internal Audits of Public Sector Large Manufacturing Unit which includes audit planning,
Designing, assigning, implementing and reporting of all aspects such as Revenue, Expenses, Payroll,
Statutory Compliance, Contractual Obligations and so on. Grabbed practical exposure of Audit on ERP
based system
Conducted concurrent Audits of Public Sector Banks and Co-operative Banks, which includes day to day
operations of Branches, Physical verifications of Liquid Assets, NPA Classifications, KYC compliances,
Periodical reviews of major borrowers, post disbursement compliance assessment and appraisals,
Revenue Leakages, documentations and so on
Involved in Statutory Audits of Nationalized Banks, which includes Assets classification as per norms of
RBI, provisioning, disclosure of contingent liability, Maintenance of Capital Reserve Ratios, Compliance
of KYC norms and so on
Engaged in Designing of Financial Statements in consistent with Accounting Standards, Ind AS and
provisions of Companies Act. Which included major challenge of consolidation of books of accounts of
14 manufacturing plants located at several places and indulged in different products. Further task
involved disclosure of Notes to Accounts, policies adopted, complying notes regarding Accounting
Standards
Involved in preparation of Personal Income Tax files, Audits under Income Tax Act, Gujarat VAT Act
Engaged in Concurrent and Statutory Audits of Nationalized and Commercial Banks
Preparation of Finance proposals, CMA forms, Project viability Assessments
I am a Qualified Chartered Accountant of India
