External Financial Audit Associate
Mazars in india
مجموع سنوات الخبرة :4 years, 2 أشهر
My Role in Organization is Plan and Execute the work in audits of Real estate companies, including developing risk assessment strategies identifying key risk areas such as property valuation, revenue recognition, lease accounting, and regulatory compliance to ensure accuracy, completeness, and compliance with IFRS and US GAAP.
• Led multiple audit engagements for prominent clients like DRA Advisors Growth Master Fund, EPIC Properties, and JP Morgan Properties. Involved in Planning Meeting prepared Audit Programs & Procedure Checklist forms & set up Materiality.
• Prepared lead sheets for comprehensive documentation, engagement letters and developed risk assessments for rental properties.
• Conducted interim and year-end audits for DRA Advisors Growth Master Fund, focusing on equity and revenue, particularly rent through rent reasonableness testing, predictive analytics, and new lease testing.
• Audited lease accounting processes, including the identification and classification of new leases added, calculation of lease liabilities and assets, and disclosure requirements and verified the accuracy of debt balances, terms, and compliance with debt covenants and reviewed operating expenses, maintenance costs, and property management fees to ensure proper accounting and allocation.
• Executed fixed asset audits, including addition testing, depreciation recalculations, made selections and vouching with Invoices.
• Implemented expense testing covering legal, R&M, marketing, utility, and interest expenses to ensure compliance.
• Prepared substantive analytical procedure lead sheets for operating expenses, emphasizing completeness and accuracy.
• Analyzed variances in profit and loss and balance sheet items, presenting findings through grouping reports and analytics.
• Audited accounts payable, accounts receivable, loans, and mortgages, ensuring accuracy and existence.
• Have Conducted Journal entry testing and audit of Cash and bank balances addressing variances with bank reconciliation and initiated bank confirmations.
• Maintained comprehensive audit documentation in accordance with auditing standards and prepared clear and concise audit reports summarizing findings and recommendations.
• Assist Manager and Senior Staff for commercial audit task pertaining to BDO USA clientele and completed in-house mandatory training on US GAAP standard, Audit, Financial Statement Reviews.
• Involve planning and execution IT audits, including risk assessment, scoping, and the development of audit plans and executed substantive testing procedures, collected evidence, and maintained comprehensive audit documentation performed testing on significant account balance and testing of AR AP PPE and Inventory to ensure relevant assertion are in line with US GAAP
• Well-versed in IND AS, independently led and finalized financial statements for listed and unlisted entities, enhancing leadership and analytical skills.
• Managed full-cycle accounting, including bookkeeping, AP/AR, payroll, and general ledger reconciliations, ensuring accurate financial reporting.
• Prepared monthly, quarterly, and annual financial statements and reports, conducting variance analysis to support strategic decision-making.
• Have carried out Corporate Compliance work such as Compliance filing, Incorporation of entities, Charge Management, Informational Services, Close Company, Annual Filing.
• Preparation of Submissions for regular assessment cases and complying with the notices issued by Income Tax Department and Service Tax Department.
• Have carried out E-filling of Various Tax returns (Income Tax, TDS) of Individuals, Companies have tax provision, LLP, HUF in timely manner. Issuance of necessary forms, Form 16A (TDS), Form 16, etc.
• Have experience in Filing of Monthly GST Returns, Perform Reconciliations under GST.
• Led internal and external audit processes, compiling documentation, addressing audit queries, and implementing recommendations to enhance financial controls
• My role in the organization majorly involved providing services of statutory audit, limited review, tax audit of companies in the sectors of OIL&GAS, Energy, Power Sector, IT Sector, Hospitality, FMCG, School NGO, Print Media, Healthcare.
• Have a fair practical understanding of IFRS along with its applicability in the preparation and presentation of financial statements.
• In-depth working experience covering major balance sheet elements such as inventory its valuation, review and analysis of physical verification, reconciliations, inventory ageing and analysis of account payables and receivables and related provisioning.
• In-depth checking of fixed asset, including fixed asset addition, deletion, capital work in progress, capital advances, testing of impairment of intangible asset and reporting on the same
• Conducted in-depth analysis for Pre-Audit and SOX IFC audits at GSPC Ltd., Gandhinagar, and subsidiaries GPPC Pipavav and GSEG Hazira, ensuring robust financial controls and compliance.
• In-depth working experience covering major balance sheet elements such as inventory its valuation, review and analysis of physical verification, reconciliations, inventory ageing and analysis of account payables and receivables and related provisioning.
• In-depth checking of payroll & HR contractual charges, including preparing employee wise analysis salary its variance, correctness of various components with related documents, compliance with PF, ESIC laws, checking of PT and compliance with Gratuity and Bonus Act.
• In-depth understanding of treasury functions of an organization involving bank, investment and its fair valuation, fixed deposits, borrowings, and related workings.
• As a part of interim audit, have carried out in-depth control testing of expenses such as purchases and detailed analysis payroll and outsourced HR expenses.
• Discussing with the client internal controls relevant to financial reporting and preparing process notes for areas of purchase, sales, expenditure and other controls within the organization
• Carried out audit of client’s portfolio for asset management company verifying the correctness of asset under management including investment in securities, corporate action, bank balances, mutual funds and prepared related working of expenditures such as management fees, brokerage, STT
MBA- in Finance Pursuing
-CA Final Group 2 Completed, 3 Papers left Scored exemplary marks in CA Final subject Economic Law.
Achieved exemplary marks in CA Intermediate subjects including Accounting, Auditing and Assurance, and Enterprise Information Systems & Strategic Management.