KAPIL GUPTA

• Collaborated with cross-functional teams to drive successful completion of complex projects within deadlines.
• Mentored junior associates, articles fostering professional growth and helping them reach their full potential.
• Consistently maintained strong relationships with clients, ensuring clear communication and timely updates on project progress.

Key Responsibilities and Achievements: Financial Statement Audits and Analytical Reviews: Internal Controls & Risk Assessment: Substantive Audit Areas and Testing: Technical & Review Coordination:

• Conducted year-end audits and limited reviews of entities across diverse sectors including Ed-Tech, Fin-Tech, Manufacturing, Hospitality, Software Solutions, and Cost-Plus entities.
• Performed end-to-end audit procedures for financial statements prepared under Indian Accounting Standards (Ind AS), Indian GAAP, and IFRS, including control testing and substantive procedures.
• Led audit engagements with a team of 4–5 article assistants, coordinating with Managers and Directors, and ensuring timely completion of deliverables.
• Executed statutory audits for an IFRS-based multinational client, and gained international audit exposure through overseas assignments.
• Successfully completed PCAOB training, strengthening knowledge of US audit standards and compliance frameworks.
• Conducted detailed review and analysis of financial statements, including planning and concluding sections, variance analysis, and preliminary analytical procedures.
• Analyzed historical and current financial data using KPIs, performed revenue and accounts receivable analysis, and identified major revenue streams.
• Prepared comprehensive audit working papers for areas such as Revenue, Accounts Receivable, Advance Tax, Borrowings, Payroll, and other expense categories under Ind AS and IGAAP.
• Performed walkthrough of key business processes and developed flowcharts for better process understanding.
• Evaluated and tested the design and operational effectiveness of internal controls, including those designed to mitigate key risks.
• Developed Risk Control Matrices (RCM) and applied Guided Risk Assessment (GRA) techniques to establish and assess risks.
• Evaluated Control Deficiencies and Fraud Risks across multiple client engagements during year-end audits.
• Conducted detailed JE Testing, Trial Balance (TB) restructuring and mapping, and documented audit procedures across areas like Risk & Response, PAR & FAR, and various standard audit checklists.
• Participated in audit consultations by preparing consultation memos and documenting technical accounting positions.
• Contributed to drafting accounting memos including evaluation of Principal vs. Agent considerations under Ind AS 115.
• Addressed review comments from Engagement Quality Control Reviewers (EQCR) and Engagement Managers, ensuring high-quality audit documentation and compliance.

• Finalized standalone and consolidated financial statements for limited reviews and statutory audits in compliance with Schedule III of the Companies Act, 2013.
• Prepared workings and disclosures for security deposits, deferred grants, lease rentals, preference shares, revenue recognition, and processing fees as per applicable Ind AS, along with impact assessment during Ind AS conversion.
• Executed detailed substantive audit procedures, including analysis of revenue recognition policies, verification of cash and bank balances, accounts receivable/payable, fixed assets, borrowings, and security deposits.
• Performed ledger scrutiny, reconciliation of debtors and creditors, BRS verification, and prepared OAR with variance analysis and documented justifications.

• Conducted statutory, stock, and cash audits, including reconciliation of statutory dues and assets, and verification of income and expenses.
• Prepared and filed Tax Audits, Income Tax, TDS, and GST returns for individuals and private limited companies.
• Ensured statutory compliance, finalized accounts, and prepared audit reports in line with statutory requirements and CARO, 2016.
• Part of the concurrent audit team for ICICI Bank Ltd.
• Performed physical verification of cash, gold, alarms, mutilated notes, and other assets during audits of private sector banks.