Audit & Tax Associate
San Francisco Bay Area
Audit Experience:Executed the entire areas of audits, such as audit planning, risk assessment, audit testing, report drafting, control evaluation and issue remediation with revenue of more than $300 million• Assisted in the assessment and management of business and risk • Compared and inspected the departmental accounts, supporting documents against ledger accounts • Interacted with clients to help ensure the information flow from the client to the audit team is efficient• Assisted in the design engagement procedures and audit programs based on risks, materiality and engagement team discussions• Prepared drafts of account reconciliation report, audit report and assets revaluation reports as required • Prepared the audit program by defining time limits and allotting responsibilities to team members • Reported on audit conclusions and findings, presenting to senior management in audit and in the business; ensured to supervise follow-up and resolved open audit items• Performed testing to make sure adherence to GAAP, corporate policies/procedures and regulatory requirements, and maintained effectiveness of the control systemsTax Experience:Prepared federal and multi-states corporate tax returns• Prepared Forms 5472, 5471 and FinCen Form 114 for foreign activities• Prepared Form 1042 to report tax withholding on certain income of foreign person• Prepared states tax returns including combined state tax returns; preparation included tax work papers to support states apportionment, modifications and state tax credits• Assessed balance sheets and income statements for necessary tax adjustments• Calculated book to tax differences (M-1 Items) such as bad debt, deferred income, prepaid expenses, accrued expenses, accrued payroll, Sec 263A, & Tax-Book depreciation adjustments• Researched tax issues using various tax databases to provide valuable knowledge and ensure efficient decision making
