Affan Khan

Contributed to business development efforts over a 15-day period

• Company Overview: Leading CA firm known for Statutory Audits & Internal Audits with 10 partners, 100+ employees, 250+ clientele
• Assisted in verification of Ind-AS compliant Financial Statements as a part of Statutory Audit of one of Central India's largest Infrastructure company having turnover of more than Rs.1000 Crores
• Conducted limited review engagements of Western Indian Subsidiary of India's biggest Coal Mining Company having a turnover of Rs. 380 crores.
• Identified significant observation of non-recognition of impairment loss amounting to Rs. 7.30 Crore as per Ind AS – 36.
• Identified key audit observation in respect of revenue amounting to Rs. 38.65 Crore recognized in contrary to para 31 of Ind AS – 115 Revenue from Contracts with Customers.
• Performed Comprehensive Inventory counts for a steel pipe manufacturing company.
• Led the internal audit team for a company having a turnover ₹3,200+ crore, covering compliance with applicable manufacturing standards for steel pipes, statutory regulations, and conducting detailed ledger scrutiny.
• Assisted in the migration of account balances from a tailor-made ERP system to SAP(Public Cloud) for a Central India-based company with a turnover exceeding ₹400 crore.
• Conducted internal audit of a listed client engaged in the LPG and CNG distribution business and performed P2P process review.
• Drafted internal audit reports as per Standard Norms with suggestions based on best practices followed in an industry & discussed the same at all the levels of Management for immediate redressal of issues reported.
• Suggested Standard Operating Procedures for Inventory management in Healthcare sector along with the Physical verification of inventory.
• Conducted compliance review of transportation agreements related to school and employee bus services, identifying contractual deviations that led to a vendor overbilling correction, resulting in cost savings of ₹0.50 crore.
• Proactively identified Rs. 2.15 Crores idle funds causing interest loss; escalated to senior management, enabling fund relocation to optimize utilization and improve interest earnings.
• Prepared financial statements of companies as per Ind AS and Schedule – III of the Companies Act.
• Prepared Consolidated financial statements of companies as per Ind AS and Schedule – III of the Companies Act.
• Conducted tax audits of various entities including Private & Public Companies, PSUs, Partnership Firms and Individuals.
• Preparation of income tax computations and filing of income tax returns of various resident individuals, Non-resident individuals, partnership firms and companies.
• Industry: Statutory Audit, Infrastructure and Mining, Bio-medical waste disposal, Other, Manufacturing, Healthcare Sector, Other, Infrastructure, Taxation