Hiral Senghani
Mumbai
Summary
Accomplished Audit Executive with a proven track record at J.D.Zatakia & Co., specializing in compliance monitoring and strategic planning. Excelled in enhancing business processes, leading QRB teams, and mentoring junior auditors. Demonstrated expertise in tax law and regulatory compliance, achieving significant improvements in audit efficiency and accuracy. Highly-motivated employee with desire to take on new challenges. Strong work ethic, adaptability, and exceptional interpersonal skills. Adept at working effectively unsupervised and quickly mastering new skills. Mostly interested in direct taxation and would love to learn about international taxation.
Overview
9
9
years of professional experience
Work History
Audit Executive
J.D.Zatakia & Co. Chartered Accountant
Mumbai
06.2023 - Current
- Performed statutory audit, stock audit, internal audit, and tax audit for various industries, such as cable, spices, diamond, gear manufacturing, and resort and spa.
- Was part of QRB team, handled SQC portion of it. I prepared more than 30 policies for the CA firm and various engagement letters.
- Conducted financial audits of companies and organizations to ensure accuracy of reported financial information.
- Developed audit plans based on client needs, risk assessment and regulatory requirements.
- Reviewed internal controls for compliance with applicable laws and regulations.
- Prepared reports detailing audit findings, observations and recommendations.
- Evaluated the adequacy of accounting systems for recording transactions and safeguarding assets.
- Analyzed financial statements, ledgers, journals and other records to identify discrepancies in reporting or operations.
- Assessed the reliability of management representations regarding significant business transactions.
- Participated in meetings with clients to discuss audit results and answer questions related to audit procedures.
- Provided guidance to junior auditors on complex areas such as fraud detection techniques, control environment evaluation methods, and computer-assisted auditing tools.
- Reviewed tax returns for individuals, corporations and partnerships to ensure accuracy.
- Analyzed financial records to determine the appropriate tax filing status.
- Prepared Forms 3CA, 3CB, and 3CD.
- Supported work of senior-level accounting and tax preparation professionals to maximize office productivity.
- Supplied detailed tax documentation needed to submit accurate corporate and individual returns.
Senior Accountant
RPS Professional Pvt. Ltd. (Reliable Group)
Ontario - Remote
06.2021 - 04.2023
- Handled a diverse Canadian client portfolio of over 30 accounts.
- Recorded and posted transactions in journals and the general ledger for accounts payable and accounts receivable, while maintaining updated accounting records.
- Matched purchase payments and sales receipts accurately.
- Maintained and updated various bank account records, ensuring accurate reconciliation.
- Trained new hires and existing staff on proper accounting techniques.
- Maintained detailed records of account transactions, including invoices, payments, and journal entries.
- Reviewed and analyzed financial statements to identify potential discrepancies.
- Provided supervision to the accounting department, ensuring compliance and accurate task completion.
- Utilized INTUIT QuickBooks Online, QuickBooks Desktop, Wave Accounting, and PC Law for accounting tasks.
Tax Consultant
C.K. Thakkar & Co. (Tax Consultant)
Mumbai
06.2019 - 04.2021
- Projected tax liability and calculated advance tax.
- Conducted statutory audits, internal audits, and tax audits for companies or firms engaged in trading, textiles, gold, chemicals, hardware, plastic stores, and building construction.
- Assessed the internal control system of clients, identified areas for improvement, and provided recommendations.
- Reconciled debtors and creditors, scrutinized bank reconciliation statements (BRS), and verified cash balances.
- Ensured compliance with TDS provisions and the relevant returns.
- Completed thorough documentation for audit papers and actively participated in the preparation and finalization of financial statements.
- Prepared and e-filed income tax returns for various assessees.
- Filed annual reports of companies and LLPs with the ROC (Registrar of Companies).
- Calculated and filed GST returns (3B, R1, 9) for monthly, quarterly, and annual reporting periods.
- Managed the registration of digital signatures.
- Compiled data, prepared, and represented legal submissions before the Income Tax Authorities for assessments.
- Drafted various letters submitted to the department for assessment and PAN surrender.
- Provided comprehensive tax applicability advisory to clients.
- Utilized software such as Winmax, TaxPro, and Tally ERP.
- Prepared Forms 3CA, 3CB, and 3CD.
- Analyzed financial records to determine the appropriate tax filing status.
- Reviewed tax returns for individuals, corporations and partnerships to ensure accuracy.
- I filed the appeal to the appellate tribunal in direct as well as indirect taxation against the order issued by the authorities.
- I attended the hearing for the order issued by the authorities.
- I prepared the grounds of appeal and arranged the relevant documents for the same.
Articled Assistant
J.D.Zatakia & Co. (Chartered Accountant)
Mumbai
06.2015 - 01.2019
- Performed statutory audit, stock audit, internal audit, and tax audit for various industries, such as cable, spices, diamond, gear manufacturing, and resort and spa.
- Monitoring the preparation of statutory books of accounts, bank reconciliation, and consolidated reports in compliance with time and accuracy norms.
- Administering financial statements, including trial balance, profit and loss accounts, age-wise accounts payables and receivables statements, and balance sheets.
- Managing the payroll processing function involves the computation of salaries, attendance, leave, fixed and variable entitlements, and the filing of income tax, TDS, and other statutory returns.
- Prepared the ITR and Form 3CA, 3CB, 3CD, etc.
Education
M.Com -
University of Mumbai
09-2018
B.COM -
K.J. Somaiya College of Arts And Commerce
Mumbai, India06-2016
IPCC - Chartered Accountancy
ICAI
11-2015
CPT - Financial Accounting
ICAI
06-2013
Final CA - Chartered Accountant
ICAI
Skills
- Policy and procedure development
- Compliance monitoring
- Risk assessment
- Business process improvement
- Regulatory compliance
- Coaching and mentoring
- Tax law
- Strategic planning
Affiliations
- Yoga and Meditation
- Reading the Books
Languages
Gujarati
First Language
English
Advanced (C1)
C1
Hindi
Proficient (C2)
C2
Timeline
Audit Executive
J.D.Zatakia & Co. Chartered Accountant
06.2023 - Current
Senior Accountant
RPS Professional Pvt. Ltd. (Reliable Group)
06.2021 - 04.2023
Tax Consultant
C.K. Thakkar & Co. (Tax Consultant)
06.2019 - 04.2021
Articled Assistant
J.D.Zatakia & Co. (Chartered Accountant)
06.2015 - 01.2019
M.Com -
University of Mumbai
B.COM -
K.J. Somaiya College of Arts And Commerce
IPCC - Chartered Accountancy
ICAI
CPT - Financial Accounting
ICAI
Final CA - Chartered Accountant
ICAI
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