Ankit Agrawal

Handled statutory audit, tax audit and group audit of major clients like Appario Retail Private Limited (Retailer on Amazon.in), Altair Engineering India Private Limited, Oracle India Private Limited, Adecco India Private Limited, Alshaya Outsourcing India Private Limited and Esterline Technologies India Private Limited. Client pitching of Headout Inc. and Wicked Ride.

• Managed strong client relationships to deliver exceptional service and maintain repeat business.
• Delegated work to team members and student interns to share workload and continue meeting audit goals.
• Identified management control weaknesses and provided value added suggestions for remediation.
• Actively lead, organize, manage and oversee financial statement audits and audits of internal control over financial reporting.
• Analysis of Financial and Operational status of client for the purpose of pitching and represented the firm to the CEO of the client.
• Inventory Provision and ageing analysis.
• Customer return and customer replacement analysis and provisioning on them.
• Understanding the process of Supply Chain Finance(SCF).
• Review of accounting methodology used for first time implementation of SCF.
• Review of first-time adoption of IND AS 116.
• Evaluation of use of judgement and estimates used by management for lease accounting.
• Rationalization of payroll expense of more than 50,000 employees.
• Review of actuarial valuation for Gratuity & Leave Encashment.
• Analysis of Fixed Asset Register, useful life and depreciation reasonability check.
• Review of capitalization from CWIP to Fixed Assets. (Total capitalization of approx. 1200 crores).
• Review and analysis of major head of expenses like recruitment and relocation, travel, power and fuel.
• Reasonability check of accruals made at year end.
• Review of revenue recognition as per IND AS 115, Variance analysis of top parties and month on month reconciliation.
• Analysis of Unbilled Revenue and cut off procedures.
• Review of Expected Credit Loss provision as per IND AS 109.
• Understanding the clients' Standard operating process (SOP) and re-engineered for improvement in their internal control and process based on the short comings observed.
• ICFR testing for various processes like Revenue, Payroll, Fixed Assets and P2P.
• Review of notes to accounts including disclosures for MSMED, Related Party, capital commitments, leases and other disclosures.
• Evaluation of Form 3CA/3CD and TDS Rationalization.

Handled Statutory audit , Internal audit and Central Bank audit of various PSU clients like SBI, IOCL, BSNL, Jayshree Tea.