Palak Modgil
Chartered Accountant
Ludhiana
Summary
Accomplished audit professional with a track record of enhancing client satisfaction and streamlining financial operations at PwC. Specializes in risk assessment analytics and financial statement analysis. Recognized for outstanding planning and execution abilities.
Overview
7
7
years of professional experience
Work History
SELF EMPLOYED
PALAK MODGIL & ASSOCIATES
Ludhiana
11.2024 - Current
- Determined ways to cut costs and improve productivity at Chopra Industries (P) Ltd.
- Ensure adherence to accounting standards, and uphold professional integrity at all times.
- Assured regulatory compliance throughout the audit.
- Prepared accurate financial reports to inform business decisions.
- Assisted with developing and ongoing control of the costing and pricing system for business goods.
- Responsible for the preparation of GST returns, TDS filings, and balance sheets for Chopra Autotech.
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
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 10cr to 100cr
- 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 materials to assist with audits and assist in the 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 financial systems.
- Assist in the compliance with ROC requirements by filing various forms.
Education
CA Final - Accounting And Finance
Institute of Chartered Accountant of India
Delhi 04.2001 -
B.Com - Accounting And Finance
Delhi University
Delhi, India 04.2001 -
CA Inter - Accounting And Finance
Institute of Chartered Accountant of India
Delhi 04.2001 -
CPT - Accounting And Finance
Institute of Chartered Accountant of India
Delhi 04.2001 -
12th - Accounting And Finance
R.S. Model Sr. Sec. School
Ludhiana, India 04.2001 -
10th - Social Science
R.S. Model Sr. Sec. School
Ludhiana, India 04.2001 -
Skills
- Knowledge of Tally ERP9, MS Office (MS word & Excel), Smart GST, Smart Tax, Spectrum
- Successfully completed MCS program & Information Technology Training in accordance with the requirements of "The Institute of Chartered Accountant of India"
- Successfully completed MCS program & Information Technology Training in accordance with the requirements of "The Institute of Chartered Accountant of India"
Interests
Listening music, Art and craft, Poetry Writing
Websites
OTHER 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
- Completed the Real Industry Assignments in Statutory Audit Domain during CAPSTONE PROJECT by CA Monk & solved 4 tasks related to following:, Planning & Strategy: Preparing Audit Engagement Letter as per SA 210, determine 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
- Head Girl, 2016 with responsibility of supervising all committees and various events held at school
Timeline
SELF EMPLOYED
PALAK MODGIL & ASSOCIATES
11.2024 - Current
ASSOCIATE 2
PRICEWATERHOUSECOOPERS SERVICE DELIVERY CENTER (KOLKATA) PRIVATE LIMITED
11.2022 - 09.2024
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
CA Final - Accounting And Finance
Institute of Chartered Accountant of India
04.2001 -
B.Com - Accounting And Finance
Delhi University
04.2001 -
CA Inter - Accounting And Finance
Institute of Chartered Accountant of India
04.2001 -
CPT - Accounting And Finance
Institute of Chartered Accountant of India
04.2001 -
12th - Accounting And Finance
R.S. Model Sr. Sec. School
04.2001 -
10th - Social Science
R.S. Model Sr. Sec. School
04.2001 -
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