Chirag Jain

• Assisting PWC US PCS audit practice in performing statutory audits of various industrial private companies like manufacturing, trading, service and health related Industry.
• Experience and knowledge of US GAAP
• Performed various testing while performing audit procedures (eg Revenue testing 1-5 Step, Cut-off testing, Reconciliations (etc) utilizing various sampling approaches such as non-stat sampling, target testing, and accept-reject testing.
• Implemented substantive analytical techniques and Risk Assessment Analytics procedures in a variety of domains, including revenue, payroll, and operating costs
• Assisted in "SOX compliance" audit engagement.
• Handled clients with a team of seniors/associates involving coordination with US Engagement Team members. Focused on increasing team(RTM) leverage on my clients in terms of hours worked, area of audits, process automations and digitalization.
• Performed Entity Level Control's/Internal Financial Controls testing to verify design and operating effectiveness of controls implemented within the organization and performed Walkthrough procedures with clients
• Performed Employee Benefit Plan(EBP) audits and worked over Form 5500 and Multiple benefits plan (401k, Deferred Contribution, Deferred Benefits, Healthcare)
• Dealt with PwC specific tools like Aura, Connect, PwC Confirmations and other audit tools, to perform auditing procedures on numerous financial statement line items of US private companies
• Proactively discussed workflow management with the US engagement teams, work allocation to aligned resources and monitoring team utilization and performance standard
• Training new team members, client management by coaching, guiding and reviewing staff performance to ensure high quality work and efficiency.

• Maintained integrity of general ledger and chart of accounts.
• Prepared working papers, reports and supporting documentation for audit findings.
• Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.
• Aided in performing statutory audit of various clients including filling of income tax returns.

Assurance & Auditing

• Performing Vouching & Verification, age debt analysis, and procedure for External Confirmations.
• Draft Audit Program that takes into account, the characteristics of clients.
• Checking for compliance with Accounting Standards and other legislation.
• Checking applicability of various clauses under Income tax Act

Taxation

• Dealt with Income Tax & TDS Returns, Revision & Rectification of individuals, companies, partnership firm.
• Handled Punjab VAT & Service Tax: Registration, Preparation & Filing of Returns & Revisions, withdrawal of Registration.

Banking

• Dealt with Statutory Audit and Concurrent audit of Public Sector Banks like SBI, Federal Bank, IDBI Bank
• Preparation of Projected Financial & Stock statements
• Dealt with Stock Audits and Information System Audit of SBI and Punjab & Sind Bank