Devanshi Parekh

Managed the preparation and analysis of standalone and consolidated financial statements for Grindwell Norton Limited, a listed company, in full compliance with Ind AS. Key responsibilities included:

• Collaborating with statutory and internal auditors to fulfill audit requirements.
• Contributing to the preparation of Tax Audit Reports and associated annexures.
• Developing critical calculations for book-closure processes, including fair valuation of deposits and employee loans (Ind AS 109) and lease accounting (Ind AS 116).
• Generating management reports for group consolidation, utilizing Magnitude and Blackline tools.
• Preparing CMA data for financing purposes, calculating relevant financial ratios, and conducting comprehensive financial analysis.
• Calculating current and deferred tax provisions.
• Performing quarterly variance analysis and reporting.
• Executing month-end closure entries and preparing business-wise balance sheet schedules for management analysis.

Played a key role in the financial reporting process, ensuring adherence to regulatory requirements and contributing to accurate financial statements. Specific contributions included:

• Facilitating the efficient finalization of financial statements, including Cash Flow Statements, Notes to Accounts, and Audit Schedules, in compliance with the Companies Act and relevant Ind AS.
• Delivering detailed variance analyses of profit and loss account items, providing actionable insights for management.
• Streamlining GST and statutory compliance (PF, PT, TDS) processes, including registration and return filings, ensuring adherence to legal obligations.
• Supporting the timely preparation of Tax Audit Reports, contributing to accurate tax reporting."

• Demonstrated expertise in conducting statutory and tax audits, adhering strictly to regulatory requirements and producing accurate audit reports as mandated by the Companies Act. Successfully managed audit teams, ensuring timely and precise project delivery. Further, facilitated internal audits, generating detailed reports that provided actionable insights.

• Conducted Statutory Audit and Tax Audit of various companies as per the rules & regulations
  issued thereunder including preparation of Audit Reports as required under Companies Act.
• Covered various auditing aspects from Revenue to Capital items including Audit Planning,
  Substantive Testing, Ratio and Variance Analysis, Statutory Compliances across various sectors.
• Performed the Physical Verification of Fixed Assets and Inventories with a view to reconcile them
  with books of accounts.
• Handled all the Compliance related RBI guidelines in case of overseas direct Investment such as
  Form A2, Form ODI-Part I, Form ODI-Part-II(APR).
• Attended Hearings and Representing Client before Income Tax Authority in Tax Assessment and
  various Appellate Proceedings.
• Exposure in filing of Appeals and Preparation of Ground of Appeals to be furnished before CIT(A)
  and ITAT.