M Ashok Kumar

ERP Implementation:

• Actively involved in the ongoing implementation of Acumatica ERP, assisting with system configuration, user acceptance testing, and master data migration to improve financial and operational workflows.

Loan Facilitation & Financial Analysis:

• Compiled and analyzed 24-month Profit & Loss and Balance Sheet statements to support working capital loan applications.
• Prepared detailed Accounts Receivable (AR) and Accounts Payable (AP) Aging reports, AR & AP Roll Forward schedules, and Inventory schedules.

Monthly Financial Reporting:

• Assisted in month-end financial closures, ensuring timely account reconciliation and accurate financial reporting in line with organizational and compliance standards.

Financial Planning & Projections:

• Prepared financial projections including projected Profit & Loss, Balance Sheet, and Cash Flow statements to support strategic planning and loan facilitation processes

Articled Assistant A well renowned firm who are in the field of audit and assurance service, Taxation advisory and litigation service for nearly 6 decades.

Key Experience Highlights:

• Statutory Audits:
  Led statutory audits of public companies (incl. Paper Recycling Co. with ₹70+ Cr turnover), Section 8 educational institution (with ₹13 Cr corpus & ₹19 Cr receipts), LIC divisional office, regional office of nationalised insurance company, and nationalised bank branches.
  Ensured compliance with CARO, Companies Act, and Schedule III.
  Conducted physical verification at 8 LIC branches and consolidated audit as per SA 600. Identified non-compliance under Sections 73–76 of the Companies Act relating to deposits; applied SA 600 & SA 610 for branch and internal audit reliance.
• Internal Audits & Controls:
  Managed internal audit for a leading manufacturer of Foundry Consumables; developed audit programme from scratch, reviewed key processes (P2P, O2C, R2R, H2R, Fixed Asset Management), and identified gaps in safety and PF/ESI compliance.
• Taxation & Compliance:
  Filed 250+ Income Tax Returns (ITR) for individuals, firms, AOPs, companies, trusts & societies.
  Filed ITRs for 2 HNWIs with ₹20+ Cr invested assets.
  Conducted Tax Audits for firms, private/public companies, insurance firms & LIC.
  Filed TDS returns (Forms 26Q, 27Q, 26QB) and Filed MCA ROC forms (AOC-4, MGT-7) for 20+ companies.
  Drafted responses to assessment notices and appeals before tax authorities and tribunals.
• Analytical & Reporting Skills:
  Performed variance/trend analysis, ratio analysis, ledger scrutiny, risk assessments, internal control evaluation, and management reporting.
  Drafted audit programme for internal audits and management letters highlighting key findings Assisted clients during tax season by preparing documentation, addressing queries, and ensuring smooth filing processes.