Palak Modgil
Chartered Accountant
Ludhiana
Summary
Chartered Accountant with extensive experience in financial statement analysis, risk assessment, and regulatory compliance across diverse industries. Demonstrated ability to evaluate financial health, identify risks, and enhance operational controls. Seeking to transition into a Credit Manager role to leverage strong analytical, audit, and reporting skills for informed lending decisions.
Overview
7
7
years of professional experience
12115
12115
years of post-secondary education
Work History
Self EMPLOYED
Palak modgil & ASSOCIATES
Ludhiana
11.2024 - Current
- Determined ways to cut cost & improve productivity at Chopra Industries (P) Ltd.
- Ensure adherence to accounting standards, upheld professional integrity at all times.
- Assured regulatory compliance throughout the audit.
- Prepared accurate financial reports to inform business decisions.
- Assisted with developing & ongoing control of costing & pricing system for business goods.
Associate 2
PRICEWATERHOUSECOOPERS SERVICE DELIVERY CENTER (KOLKATA) PRIVATE LIMITED
Ludhiana
11.2022 - 09.2024
- Worked as an Associate 2 in Assurance & handled the US clients audits.
- Assist in planning, execution & completion phase of the audit & received central reward for timely & adequately completion of Planning phase.
- Perform Risk assessment Analytics, financial statement tie-out, cash flow statement and testing of J-Sox controls.
- Increased customer satisfaction by resolving complex issues and providing exceptional service at all times.
Capstone Project
CA Monk
Ludhiana
08.2022 - 09.2022
- Completed the Real Industry Assignments in Statutory Audit Domain & solved 4 tasks related to following:
- Planning & Strategy: Preparing Audit Engagement Letter as per SA 210, determining materiality as per SA 320.
- Execution: Scrutiny of General Ledger and finding misstatement in financial statements.
- Completion: Preparing summary of misstatements, Communication with TCWG.
- Drafting Independence Audit Report as per SA 700 series, including CARO and ICFR.
Audit Assistant
GOYAL H. & CO
Ludhiana
01.2022 - 07.2022
- Independently handled the Internal audit of Lovely autos group.
- Assist in Preparation and submission of Cash Credit & Overdraft audit reports.
Articled Assistant
Naveen R.K. Agarwal & Co.
Ludhiana
09.2019 - 09.2021
- Independently conducted Tax Audit of Private limited companies, Firms, Sole proprietorship and Charitable trust with turnover ranging from 10 cr to 100 cr.
- Assist in TDS Return filing and other related statutory compliances.
- Prepare & filed Income Tax Returns.
- Assist in GST Compliance work like filing of GSTR-3B, GSTR-1, GST Registration, Performance of GST Audits & Preparation of GST Reconciliation.
- Conduct Internal audit of Neva Garments and Lodhi Club.
- Preparation and Maintenance of books of Municipal Corporation as per double entry of accounting.
- Completed audits in accordance with regulations and procedures.
- Reviewed general ledgers transactions to identify errors or irregular entries.
Articled Assistant
Sumat Gupta & Co
Ludhiana
09.2018 - 09.2019
- Prepared reports and material to assist with audits and assist in preparation of Financial Statements as per AS.
- Enhanced client satisfaction by providing timely and accurate financial reports.
- Supported clients during tax season by preparing necessary documentation and answering inquiries.
- Conducted internal audit assignments related to Shiva Group of Industries (Listed Company) identifying control weaknesses and providing recommendations for improvement, leading to strengthened the financial system.
- Assist in the compliance of ROC requirement by filing various forms.
Education
B.Com -
DELHI UNIVERSITY
Delhi08.2022
CA Final -
Institute of Chartered Accountant of India
Ludhiana07.2022
CA Intermediate -
Institute of Chartered Accountant of India
Ludhiana11.2018
CPT -
Institute of Chartered Accountant of India
Ludhiana07.2017
PSEB | 12th -
R.S. MODEL SR. SEC SCHOOL
Ludhiana05.2017
PSEB | 10th -
R.S. MODEL SR. SEC. SCHOOL
Ludhiana05.2015
Skills
Accounting Software: Tally Prime, TallyERP9, Smart GST, Spectrum, Smart Tax
MS Office: Excel, Word
Teamwork and collaboration
Financial Statement Analysis
Risk Assessment & Internal Control Testing
Regulatory Compliance (Companies Act, GST, Income Tax)
Cost Control and Pricing Analysis
Interests
Listening music
Art and craft
Poetry Writing
Position Of Responsibility
Head Girl, 2016 with responsibility of supervising all committees and various events held at school.
Activities
- Participated in the cultural programme choreography on Nari Shakti.
- Participated in the international mathematics Olympiad and national science Olympiad.
- Attended seminars on GST and IBC.
- Participated in the badminton competition.
- Participated in the Commerce Talent Search Examination Foundation and Secure Grade O.
- National Level Girl Guide to serve the society and also attended testing camp in 2012 and 2016 and qualified guide badge.
Timeline
Self EMPLOYED
Palak modgil & ASSOCIATES
11.2024 - Current
Associate 2
PRICEWATERHOUSECOOPERS SERVICE DELIVERY CENTER (KOLKATA) PRIVATE LIMITED
11.2022 - 09.2024
Capstone Project
CA Monk
08.2022 - 09.2022
Audit Assistant
GOYAL H. & CO
01.2022 - 07.2022
Articled Assistant
Naveen R.K. Agarwal & Co.
09.2019 - 09.2021
Articled Assistant
Sumat Gupta & Co
09.2018 - 09.2019
B.Com -
DELHI UNIVERSITY
CA Final -
Institute of Chartered Accountant of India
CA Intermediate -
Institute of Chartered Accountant of India
CPT -
Institute of Chartered Accountant of India
PSEB | 12th -
R.S. MODEL SR. SEC SCHOOL
PSEB | 10th -
R.S. MODEL SR. SEC. SCHOOL