Pradeep Bilakanti

• Performed Internal audits of financial and departmental operations of Logistics and cooking oil manufacturing companies.
• Developing risk assessments and conducting process walkthrough for compliance with documented process.
• Performed various analysis and drafted findings and recommendations into detailed reports.
• Produced monetary recovery of more than $ 100,000 by identifying frauds in contracts.
• Visiting factories located in East Africa and preparing detailed report on visit.
• Assisted Global head in developing timelines, budgets and audit plans for the calendar year 2024.
• Streamlined store operations for increased efficiency, implementing new processes and procedures

Statutory Audit:

• Planning and setting up engagement by developing familiarity with organization and functions of unit to be audited.
• Executing risk formalities and assessing various metrics applicable for determining materiality for engagement.
• Assess complexity of areas for the period under review.
• Perform walkthrough's and testing operating effectiveness of controls including co-ordination with IT teams to obtain clearance for IT level controls.
• Designing audit procedures for the purpose of substantive testing with respect to each financial caption wherever applicable basis materiality.
• Conduct audit in line with Auditing standards issued by ICAI and methodologies opted by firm.
• Interact with client for smooth flow of information with minimal conflict.
• Review and ensure that all work papers are properly constructed, supported and concluded in accordance with methodologies/standards opted by firm.
• Spearheading preliminary and final reviews with partner and seek inputs wherever necessary.
• Ensure audit findings made during course of audits are promptly documented in all relevant work papers.
• Review of annual financial statements and suggest improvements for better presentation and disclosure as per standards and Schedule III of Companies Act 2013.
• Furthermore, co-ordinate with various teams such as Direct Tax, Indirect Tax , Transfer pricing and Quality control for obtaining necessary clearances during course of audit.

B. Direct Taxation:

• Conducting Tax Audits as per provisions of Income Tax Act.
• Filing Income tax returns.

C. Other areas:

• Performing stock counts and preparing stock reports.
• Drawing power calculations of various clients on behalf of banks

• Internal Audits.
• ITR filings of Individual assesses.
• Handling various Stock Audits and Calculations of Drawing Power of Various Clients.
• Ensuring compliances of Companies Act, Income Tax Act, applicable Accounting and Auditing Standards and various other acts applicable to client in Audit's.
• Major assignments handled during articles period include Internal Audits of NLC India limited, Air India and National Pension Trust.