Kunal Bhatnagar Email & Phone Number

India

Chandigarh, India

➢ Audits (External and Internal)• Prepared and completed Statutory Audit reports and CARO 2020 for 25 companies included listed companies such as Alchemist Ltd. And Zenlabs Ethica Ltd. with a combined turnover of Rs. 1,000 crores, ensuring full compliance withStandards on Auditing and the Companies Act 2013. This included detailed analysis and reporting on key financial and operational areas, providing stakeholders with accurate and reliable financial information.• Led a team of 3 members to test the effectiveness of internal controls over payroll & reviewed the accuracy of over 1000 payroll journal entries and reconciliation for a mid-sized company during statutory audit, identifying and correcting 25 discrepancies resulting in a clean audit opinion from external auditors;• Independently led a team of 5 members and completed internal audit of Amul's North Zone operations.• Utilized substantive testing and analytical review procedures to verify the accuracy of over Rs. 5 crores in expenses during statutory audit;• Led performance and financial audit of 30+ branches of Jan Sikshan Sansthan (NGO under a Central GovernmentScheme), ensuring compliance and operational efficiency;• Conducted annual physical inventory audit for a multi-location entity, reconciling and sampling over 1500 inventory items and identifying discrepancies resulting in a 98.5% inventory accuracy rate;• Identified and evaluated bad debt reserves during statutory audit for a client in the FMCG industry, resulting in a recommendation that reduced bad debt by 10% and led to savings of Rs. 25 Lakhs;• Ensured compliance with AS 19 by instituting Lease equalization reserve on a client.➢ Finance Area• Prepared and finalized financial statements for 80+ entities, including listed companies. This involved ensuring compliance with applicable financial reporting frameworks, IND AS, Guidance Notes issued by the ICAI, and other relevant legal pronouncements;

Chandigarh, India

 Audits (External and Internal)• Led Statutory Audit, Internal Audit, Limited Review, Stock Audit, and Tax Audit for over 40 diverse entities, including listed companies such as Alchemist Ltd. and Zenlabs Ethica Ltd., as well as entities involved in financial services. It includes audit planning, execution, and reporting, ensuring adherence to regulatory requirements and industry standards;• Collaborated with internal audit teams and key stakeholders to develop and implement internal control policies, resulting in a 15% reduction in audit discrepancies and improved financial reporting accuracy;• Enhanced the audit process for a public company with a turnover of over 400 Cr by integrating forensic expertise, leading to improved fraud risk assessment, stronger client relationships, and superior assurance services;• Conducted concurrent audits for major banks in the banking industry, including SBI and Union Bank;• Ensured compliance with AS 19 by instituting Lease equalization reserve on a client. Finance Area• Prepared and finalized financial statements and audit reports for various entities, including listed companies. This involved ensuring compliance with applicable financial reporting frameworks, Guidance Notes issued by the ICAI, and other relevant legal pronouncements;• Involved in Report to Record accounting ensuring compliance of financial reporting frameworks for 5+ entities in Pharmaceuticals, Logistics, and Real Estate sectors. Other Areas• Independently prepared Projected Financial Statements and Credit Monitoring Analysis (CMA) data of entities having turnover of 100 Crores;• Prepared and filed ROC related documents such as MSME Form-I, CSR-1, INC 20A, Annual Filings etc;• Ensured compliance and computation of ESI, EPF and TDS as per statutory requirements.

Chartered Accountant

Bachelor Of Commerce, Accounting And Finance