Akshat Jain

Key Skill Areas:

• Expertise in auditing for automotive and consumer/retail sectors, resolving complex client issues with strong technical insights.
• Oversaw multiple projects, reviewed team work thoroughly, and ensured timely completion under the Engagement Partner’s guidance.
• Built a high-performance team by mentoring 6-7 members per client, fostering a positive and goal-oriented environment.
• Conducted client training on Tax Audit and Regulatory Updates.
• Maintained strong relationships with clients and team members.

Key Activities Performed:

• Assisted in preparing proposals for prospective clients.
• Led various audit engagements, including full scope, specific scope, and agreed-upon procedures.
• Managed audit planning and statutory audits efficiently.
• Conducted walkthroughs, internal control evaluations (ICFR), and substantive audit procedures for financial statements, including subsidiary consolidations.
• Prepared detailed overall analytical review (OAR) of financial statements comparing previous period/year.
• Drafted audit reports on Companies (Auditor's Report) Order, 2016, and ICFR.
• Executed hotel valuation and impairment analysis under IND AS 36.
• Managed IGAAP to IND AS conversions, understanding GAAP differences.
• Familiar with statutory certificates for tenders, fiscal incentives, and ODI compliance under FEMA.

Key Audit Assignment’s Handled:

1. Listed Client & Related Industry Experience:

• Bata India Ltd – Retail, Leather & Accessories
• Everest Industries Ltd – Engineering, Cement, Marble, Stone
• Heidelberg Cements Ltd – Cement, Marble, Stone
• Gujarat Heavy Chemical Industries Ltd (GHCL) – Chemicals, Garments, Textiles
• Interglobal Aviation Ltd (IndiGo) – Airlines, Aviation, Defense
• ITC Limited – Hotels Division – Hospitality (ITC and WelcomHotels brands)
• Intercontinental Hotels Group Plc – Luxury Hotels (Crown Plaza & Holiday Inn)
• VE Commercial Vehicles Ltd & VE Electro Mobility Ltd – Commercial Vehicle Industry

2. Unlisted clients and Related industry experience:

• Benetton India Pvt Ltd (UCB) – Retail, Garment & Textile
• Canon India Pvt Ltd – Consumer Durables, Home Appliances
• Triguna Hospitality Ventures India Pvt Ltd – Hotels & Restaurants (Budget Hotels)
• Philips India Limited – Medical Equipment, Personal Healthcare
• Sunshine Teahouse Pvt Ltd – Food Chain Restaurants
• Duet India Hotels Pvt Ltd – Hospitality (Fairfield and Four Points by Sheraton)
• Biba Fashion Pvt Ltd – Apparel (Wholesale, Retail, E-commerce)
• Chanel India Pvt Ltd – Fragrance & Beauty, Fashion (Wholesale and Retail)
• Boston Scientific Technology – R&D, Global Business Services, IT Services

Special Assignments:

• Biba Fashion Ltd – IGAAP to IND-AS conversion; Capital Market transaction (IPO filing in progress)
• Duet India Hotels Pvt Ltd – IGAAP to IND-AS conversion; Capital Market transaction (merged with SAMHI Hotels Ltd, which went public)
• Sunshine Teahouse Pvt Ltd – IGAAP to IND-AS conversion
• Philips India Limited – Led demerger of Home Appliances division
• Boston Scientific Technology, Philips India Ltd, Chanel India Pvt Ltd, ITC Hotels – Conducted Tax Audits per Income Tax Act, 1961

Tax and Audit Responsibilities:

• Filed Income Tax Returns for companies, firms, trusts, and individuals.
• Finalized and filed TDS, Service Tax, and VAT returns for clients.
• Supported senior team members in Income Tax, Service Tax, and VAT scrutiny cases.
• Conducted audit procedures and prepared audit reports for Statutory Audits.

Key Clients:

• IFS Solutions India Pvt Ltd
• Sitaram Bhartiya Institute of Science and Research
• Khaitan Public School
• Radico Khaitan Ltd