Audit Junior/Trainee
Kreston Hyder Bhimji & Co. Chartered Accountants
Total years of experience :9 years, 8 Months
• Participation in initial client meeting.
• Planning the relevant audit areas.
• Performance of the revenue compliance.
• Documentation of the revenue system in the form of Transaction Flow reviews (TFR) and narrative notes.
• Performance of the purchase compliance on imported, local and bulk material purchases.
• Documentation of the purchase system in the form of Transaction Flow reviews (TFR) and narrative notes
• Performance of substantive audit procedure on Sales and Purchases.
• Verification of the Revenue and Expenses by performing the substantive procedure.
• Documentation of the Audit Observations during the course of Audit.
• Discussion and resolution of the audit adjustments/Observations of relevant areas.
• Verification of Fixed Assets through performing substantive audit procedure.
• Verification of receivables and payables through performing substantive audit procedure.
• Performance of compliance and substantive procedure on payroll.
• Documentation of understanding of manufacturing processes through narratives and Transaction Flow Reviews (TFR).
• Calculation and Verification of Withholding Tax deducted and its submission within stipulated time period.
• Calculation and verification of income tax exemption claimed on Utility bills allowed.
• Contributes to team effort by accomplishing related results as needed.
• Responsible for Accounts Payable Management using Oracle Financials R12.
• Responsible for Accounts Receivable Management using Oracle Financials R12.
• Preparing and entering JV’s in Oracle Financials R12 General Ledger Module.
• Performing Bank Reconciliation of different banks.
• Participating in monthly and annual closing of Accounts.
• Supporting interim and annual audit by providing information as required by the external auditors, furthermore responding to the queries raised by the internal auditors.
• Checking and preparing the medical payment vouchers of employees of the Company.
• Checking and preparing the Overtime vouchers of employees and entering in Oracle Financials R12.
• Issuing and dispatching the cheques to the concerned persons via courier service.
• Contributes to team effort by accomplishing related results as needed.
• Preparation of violation charges due to pilferage of gas against the Commercial Consumers, as per company policy using the Spreadsheets.
• Booking of violation charges against the Commercial Consumers account using the ERP based Software CC&B (Customer Care and Billing).
• Dealing with the Court Cases filed by Commercial Consumers in the Civil Court and High Court by preparing a reply as per Company Policy and forwarding it to Legal Department of the Company to engage the Counsel to pursue the Court Cases.
• Consumer dealing regarding violation charges and Court Cases as per company policy.
• Follow up the status of Court Cases filed by the Commercial Consumers, pending from Legal Department.
• Implementing the decisions of Court Cases held by Court.
• Preparing a list of Court Cases that require adjustments against consumers account and making ensure that adjustments have been made in ERP based software CC&B (Customer Care & Billing).
• Reconciliation of Violation Charges against Commercial Consumers and Court Cases filed by the Commercial Consumers that require adjustments on weekly, monthly and annually basis.
• Responding to different queries regarding Violation Charges of Commercial Consumers and Court Cases filed by the Commercial Consumers raised by the internal auditors and external auditors during interim and final audit.
• Entering JV's in G/L Module of Oracle Financials.
• Checking employees overtime vouchers and punching them in Oracle.
• Dealing with consumers regarding refund of security deposit.
• Supporting interim and annual audit by providing information as required by the external auditors, furthermore responding to the queries raised by the internal auditors.
• Dealing with store department and making payments to sundry creditors.
• R.S Pricing.
• Preparing the voucher for payment.
• Entering data in Oracle (Accounts Payable).
• Checking and preparing the medical payment vouchers of employees of the Company.
• Preparing and processing the payment vouchers of hired vehicles and welding plants of the Company.
• Issuing and dispatching the cheques to the concerned persons via courier service.
• Performing Bank Reconciliation.
• Contributes to team effort by accomplishing related results as needed.
