Partner
Nemani & Associates
Total years of experience :13 years, 8 Months
Accounting & Book Keeping
• Maintaining the accounting books of the client
• Accounting for the transactions of the business in line with the Accounting Standards
Taxation - Direct & Tax Audits
• Filing the income tax returns and suggestions on the tax planning tools to the clients
• Lead the teams on various tax audit assignments of the Corporates & the Individuals
• Attended the Income Tax Proceedings of the Clients with the Income Tax Authorities
• Provided the expertise on Capital Gain taxation to the Corporates and successful in planning the Income Tax Taxation
Indirect -GST
• Involved in conversion of existing Indirect Taxes to GST
• Implementation of GST in ERP and MIS Systems
• Filing the GST Returns & Assisted Client in the Compliance of GST that includes the Exports, LUTs etc
Mergers & Acquisitions & Valuations
• Advised Corporates on Mergers and Acquisitions
• Performed Valuations of Business & Goodwill, Plant and Machinery as a part of Fund Raising
• Advised on Purchase Consideration Valuation for Mergers & Acquisitions
• Advised on the Demergers, Hive offs and related strategies for the business
• Performed the Valuation of Intangibles as a part of Acquisition
Internal Audit & Risk Based Audits
• Performed reviews of new IT systems and major modifications to existing systems for system controls and audit trails for various clients.
• Performed IT audits of application systems, operations, and security.
• Involved in planning and management of interactions between the Internal audit executive and office of legislative audit and external auditors.
• Knowledgeable in Sarbanes-Oxley and COBIT- Framework for Governance and Management of Enterprise IT
• Suggested processes to enhance internal controls. • Assisted Internal Audit management in the company’s Annual Enterprise Risk Assessment and Fraud Risk
Statutory Audit and ROC Compliances
• Finalization of Audit Reports, Reviewing Accounts with compliance of Accounting Standards
• Finalization of Company Accounts in diverse Sectors such as Construction, Contracts, Trading, Pharmaceutical Sector
• Ensuring the compliance requirements for the Registrar of Companies
Bank Audit & Systems Audit
• Performing functions of Concurrent Audit of Banks and preparing Reports
• Statutory Audits of Banks’ Branches
• Stock Audit
• Revenue Audit
• Financial Health Check Up
Financial Planning & Budgetary Analysis
• Advised the clients on Financial Reporting Frameworks
• Prepared the Budgets for the clients including the Budgetary statements
• Advised on the preparation of costing structure for the clients
• Headed the teams on the year end financial statement closure of clients
• Assisted in the preparation of Budgets and Cost Analysis of clients
Systems & ERP
• Implementation and automation of MIS for automobile industry
• Implementation of System Controls in MIS of the automobile industry
• Implementing the required statutory requirements in the MIS reporting of the client
• Review and audit of the various Systems of the client
Government Accounting & Audit
• Suggestions on the effective Accounting tools to the government entities
• Conversion of single entry system to double entry accounting
• Handled the complete accounting cycle of select government entities
• Lead the teams on preparation of the Final Accounts of the government entities
• Implemented the Computerized accounting under Accounting Softwares by converting from manual in the government entities
Project Finance
• Facilitation of arrangement of funds for the client to meet their Working Capital requirements
• Ascertainment of the credit facilities requirement and arrangements to meet the same
• Complete Financial Indicators working as per the client loan requirement
• Preparation of Project Reports for bank loan appraisal.
• Preparation of CMA Data for Working capital and DSCR for Term Loans
Worked in the Global SOX Compliance.
- Performed SOX testing of the controls of the different processes involved
- Experience includes managing risk through understanding the process and framing the relevant control for the assessed risk.
- Active participation in the development and implementation of internal control testing throughout the company to ensure compliance with the Sarbanes Oxley Act.
- Thorough understanding of the Business Environment and the different controls in place.
- Control testing for the major controls using the Risk Control Matrix.
- Analysis on the Risk Control Matrix to help mitigate the Risk.
- Testing of the Information Technology Controls by understanding the Business Information Systems and their functionality.
- Testing of controls of the processes like the OTC ( Order to Cash), FSCP ( Financial Sales Closure Process),
Payroll.
- Performed Interim Testing of different sectors of the Organization.
- Also involved in framing and analyzing the Consolidated Risk Control Matrix and analyzing the testing analysis of the Entity Level Controls
Statutory Audit
• Preparation of Audit Reports, Reviewing Accounts with Accounting Standards, Schedule VI of Companies Act and related issues
• Compliance of Statutory Dues
• Stock Reconciliation and Bank Reconciliation, Physical Verification of Cash and Fixed Assets.
Internal Audit
• Performing basic steps in the Audit Process like Purchase, Stores, Sales, Operation, Bank and Cash Vouching.
• Preparing Audit Reports
Tax Audit
• Preparation of Form 3CA/CB and 3CD
• Tax Computations as per normal provisions of I.T. Act
Bank Audit
• Performing routine functions of Concurrent Audit of Banks and preparing Reports
• Identification of Non Performing Assets
• Preparing Long Form Audit Reports
• Statutory Audits of Banks’ Branches
• Stock Audit
• Financial Health Check Up
ROC, Income Tax, Sales Tax & Service Tax
• Preparation and uploading of Income Tax Returns, Service Tax Returns and Sales Tax Returns
• All kinds of ROC filings and Incorporation of a Company
Graduated from the Institute of Company Secretaries of India in the First Attempt
Diploma in Information Systems Audit
Certified Forensic Auditor
Member of the Institute of Chartered Accountants of India , having completed the course at the first
Graduate from the Institute of Cost Accountants of India
Graduated the Bachelor of Commerce from the Osmania University in 2012