CA Venkata Upendra

Statutory Audit and Assurance

• Participated in audit planning, including risk assessment, materiality determination, and scoping, as per Standards on Auditing (SAs).
• Verified financial statement components (assets, liabilities, income, expenses) using assertion-based testing, and reviewed supporting documentation to ensure accuracy and completeness.
• Ensured compliance with Schedule III of the Companies Act, 2013, and ICAI Accounting Standards (AS/Ind AS).
• Assisted in drafting audit reports, management representation letters, and working papers.

Direct taxation

• Conducted tax audits under Section 44AB and prepared Form 3CA/3CD, identifying disallowances, and verifying tax compliance.
• Filed income tax returns for individuals, firms, LLPs, and companies (ITR-1, ITR-3, ITR-4, ITR-5, ITR-6).
• Reviewed and reconciled TDS computations, challans, and returns (Forms 24Q and 26Q), ensuring timely and accurate filings.
• Filed Form 67 for clients claiming the Foreign Tax Credit under the Income Tax Act.

Indirect Taxation - GST

• Executed invoice-level GST reconciliations across GSTR-1, GSTR-2A/2B, and GSTR-3B for clients with over 100,000 transactions at invoice level.
• Filed monthly, quarterly, and annual GST returns, including GSTR-9, and GSTR-9C.
• Handled GST notices, drafted responses, and prepared detailed documentation to support client responses.

Accounting and Financial Reporting

• Maintained and finalized books of accounts from voucher entry to trial balance, adjustments, and closure.
• Used Tally Prime, Suvit Automation Tool, and Black Horse – Schedule III Automation for efficient journal entries and financial reporting.
• Prepared Schedule III-compliant financial statements, including notes to accounts, and accounting policies.
• Ensured accurate ledger scrutiny, bank reconciliation, debtor/creditor aging analysis, and month-end reporting.

Statutory Audit

• Participated in statutory audits of firms, LLPs, and private companies across various sectors (trading and service sectors) with a turnover of more than 10,000 million.
• Performed vouching, ledger scrutiny, bank reconciliations, and compliance testing.
• Verified financial statement items such as fixed assets, expenses, and inventory using assertion-based audit procedures.
• Ensured adherence to the Companies Act of 2013 and the accounting standards issued by ICAI.

Tax Audit

• Conducted tax audits under Section 44AB, including the preparation of Form 3CD.
• Verified statutory dues such as PF, ESI, and TDS for compliance during tax audits.

Stock Audit

• Performed physical verification of inventory at liquor-manufacturing companies.
• Ensured the accuracy of stock valuation and reconciliation with the books of accounts.
• Reported discrepancies and coordinated with management for rectifications.