CA Karan Madhwani

Audit and Assurance.

Statutory Audit.

• Nationalized Bank branch (Indore and Bhopal): Focused on audit areas including major loans, revenue collection, bulk fixed deposits, and interest rate reconciliation by comparing sanction letters with data recorded in the core banking solution for large loans and high-value deposits.
• ICAI Branch: Assisted in the statutory audit of an ICAI branch, ensuring compliance with standard operating procedures, adherence to head office guidelines, and verification that all expenses were duly authorized and within prescribed limits.
• Insurance Company: Assisted in the audit of a major government company, focusing on compliance with claims policy procedures, ensuring proper authorizations, and adherence to statutory requirements.

Concurrent Audit

Conducted concurrent audits of nationalised bank branches, ensuring real-time compliance and identifying revenue leakages.

Direct Tax

Handled tax audits and filed Income Tax Returns (ITRs) and TDS returns for individuals, firms, and companies, ensuring compliance with statutory requirements, maintaining accuracy and supporting tax planning.

Indirect Tax

Managed GST advisory, registration and return filing. Assisted in annual return filing and GSTR-9/9C reconciliation with books.

Other Assignments

• Conducted stock audit of Corporate Entities.
• Drafted Partnership Deeds, Gift Deeds and other deeds.
• Assisted in accounting of entities in Tally ERP.9 and Tally Prime.