Experience

P G BHAGWAT LLP

• India
• Financial Services
• 100 - 200 Employee

• Articled Assistant

  • Feb 2017 - Feb 2020

  Pune, Maharashtra, India • Executed Statutory and Tax Audits of a listed entity (Revenue>Rs.3000 Cr) and other corporate and non-corporate entities in 5+ sectors, such as Toys, Automobiles, Agro-Equipment, R&D (Leading automotive organization of the country set up by the Automotive Industry with Government of India) industries with revenues ranging between Rs.100 Cr to Rs.700 Cr individually. • Extensively handled end-to-end work with a team of 3+ people over 10 quarters (2017-2019) in Group Reporting Assignment… Show more • Executed Statutory and Tax Audits of a listed entity (Revenue>Rs.3000 Cr) and other corporate and non-corporate entities in 5+ sectors, such as Toys, Automobiles, Agro-Equipment, R&D (Leading automotive organization of the country set up by the Automotive Industry with Government of India) industries with revenues ranging between Rs.100 Cr to Rs.700 Cr individually. • Extensively handled end-to-end work with a team of 3+ people over 10 quarters (2017-2019) in Group Reporting Assignment of an Agro-Equipment manufacturing entity (Revenue>Rs.700 Cr) including audit planning, work allocation, preparation of financial statements, preparing audit deliverables like variation analysis, letter of comfort, materiality, risk assessment, related parties with minimal review points well within the deadlines of the group. • Tested design and operating effectiveness of internal controls in compliance with IFCR, including understanding and documenting the client processes and performing walkthrough procedures in areas such as Treasury, Payroll, O2C, P2P, ITGC (as a part of JV testing) and Fixed Assets. • Independently handled various financial items, including Revenue, trade Receivables, trade Payables, employee benefit expenses, complex provisions requiring reperformance, warranty provision and JV analysis. • Assisted a senior manager with implementing Ind AS 115 and execution of audit procedures. • Optimized the process by exploring and experimenting with the client's accounting system, such as ERP, Oracle Finsys, and SAP in order to extract data and perform audit procedures, thus reducing the lead time. • Prepared and analyzed audit planning documents in compliance with SA 315 (Up to partner-level review) and assisted in the preparation of audit committee presentations. • Educated client teams (Revenue>100 Cr) in passing correct accounting entries, thus reducing the errors by 62% over 2 years. Show less