CA Rachit Sethia
Ahmedabad
Summary
Dynamic Internal Audit professional with extensive experience in executing risk-based audits across diverse industries, including manufacturing, cement, and logistics. Skilled in assessing internal controls, conducting RCM testing, and reviewing compliance with corporate governance, CARO 2020, and financial reporting standards. Currently managing and leading an audit team, collaborating cross-functionally to deliver actionable insights, improve compliance, and drive operational excellence.
Overview
6
6
years of professional experience
Work History
Senior Associate
Singhi & Co.
Mumbai
12.2025 - Current
- Executed risk-based internal audits across key operational functions, including Primary Logistics and CFA operations, within the cement industry.
- Currently leading a team of professionals, overseeing planning, execution, and reporting of internal audit assignments.
Audit Assistant
Singhi & Co.
Kolkata
12.2024 - 11.2025
- Executed end-to-end internal audits across key functions including Production, HR & Payroll, and Hospital Services, improving operational control effectiveness.
- Conducting financial and operating analysis for Copper Mining Company (Zambia), focusing on cost capture, allocation accuracy and efficiency improvements.
- Performed cost variance analysis and reviewed production linked cost drivers to support management decision making.
- Conducted site based audits at Mufulira & Nkana to verify production reporting, resource utilization, equipment availability and efficiency.
- Collaborated with cross-functional teams and supported timely remediation of audit findings.
Senior Accountant
Tranquil Business Pvt. Ltd.
Ahmedabad
12.2023 - 12.2024
- Monitoring compliances & financial reporting for overseas entities (mainly Dubai & US).
- Drafting reports for investor presentations.
- Worked on statutory & tax compliance for all entities & it's associates.
- Reviewed quarterly financial statement, key balance sheet movement and P&L trends.
- Industry - IT Industry (Exposure - 20 Cr +).
Articled Assistant
Singhi & Co.
Ahmedabad
01.2021 - 03.2023
- Assisted a SEBI-registered Merchant Banker in the SME IPO of a hospital by supporting due diligence, documentation, and compliance processes for an issue size of ₹100 Cr.
- Conducted financial due diligence by reviewing historical financial statements, revenue streams, and key financial ratios.
- Assisted in ASM audit of a real estate borrower, with focus on end-use of funds verification, compliance with lending covenants, cash flow analysis, and lender risk assessment.
- Assessed Drawing Power (DP) computations for compliance with sanction terms and accuracy of limit utilization.
- Conducted risk-based internal audits covering key operational and support processes such as Procurement, Inventory, and HR & Payroll within a locker manufacturing company.
- RCM testing performed to validate internal control design and operating effectiveness across critical business processes.
- Implemented a robust system for reviewing transactions and activities across multiple functional departments, strengthening controls over Procure-to-Pay and inbound & outbound logistics processes.
- Reviewed compliance with corporate governance requirements, Revised Schedule III, CARO 2020, and evaluated notes to accounts in line with applicable financial reporting standards.
Articled Assistant
Ronak & Prakash Associates
Chennai
03.2020 - 01.2021
- Administrated the team in timely filing of Income tax, TDS & GST.
Education
CA Final - Group 1 -
The Institute of Chartered Accountants of India
09.2025
CA Final - Group 2 -
05.2024
B. Com -
Neeldeep College of Commerce
Ahmedabad, Gujarat01.2022
CA Intermediate - Group 2 -
11.2020
CA Intermediate - Group 1 -
11.2019
CPT -
06.2018
Skills
- Microsoft Office Suite
- AI Tools Proficiency
- SAP
- Syspro
- Oracle
- Tally Prime
- Zoho Books Software
Affiliations
Volunteer, NGO:-Save Earth - Ahmedabad (2021- Present)
Personal Information
Languages
Hindi
Proficient (C2)
C2
English
Upper Intermediate (B2)
B2
Gujarati
Upper Intermediate (B2)
B2
Timeline
Senior Associate
Singhi & Co.
12.2025 - Current
Audit Assistant
Singhi & Co.
12.2024 - 11.2025
Senior Accountant
Tranquil Business Pvt. Ltd.
12.2023 - 12.2024
Articled Assistant
Singhi & Co.
01.2021 - 03.2023
Articled Assistant
Ronak & Prakash Associates
03.2020 - 01.2021
CA Final - Group 1 -
The Institute of Chartered Accountants of India
CA Final - Group 2 -
B. Com -
Neeldeep College of Commerce