Articled Audit & Taxation Trainee
Prakash K. Prakash - India
New Delhi, India
• Statutory Audits of leading entities in housing & real estate, consumer goods manufacturing, engineering, heavy equipment manufacturing, textile, automobile, hospitality, entertainment & banking industry sectors. Moreover, special CAG audits for governmental SPVs' were also led on PAN India level.Key responsibilities included:- Leading audit engagement teams on annual & bi-annual engagements - Developing annual audit plans, reviewing and archiving documentation- Monitoring timelines, coordinating with client for document requests - Executing and supervising process walk-through of business controls- Executing and review of controls testing and substantive procedures- Developing auditors report, financial statements and board of director presentations- Leading a team of upto 10 to conduct such engagements and report with full autonomy• Direct Taxation included profiling the same portfolio of industries for finalisation of financial statements and structuring them as per ethical financial planning parameters.Moreover, the said included engagements for Tax audit reports and transfer pricing reports as per Income Tax Act, 1961• Indirect Taxation engagements were for Service tax majorly; whereby the job use to be for determining applicability of Service tax rules and Finance Act,1994 for services being rendered and received by clients & thereby briefing as per needs