Summary
Overview
Work History
Education
Skills
Projects
Languages
Timeline
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Priyanka Patel

Priyanka Patel

Mumbai

Summary

Chartered Accountant with four years of post-qualification experience in statutory audits, GST consultancy, tax audits, and regulatory certifications, primarily in the banking and NBFC sectors. Demonstrated expertise in credit assessment, NPA classification, ARC transactions, RBI and FEMA compliance (including ECB verification), and GST litigation, including SCN replies and departmental hearings. Experienced in conducting tax audits for banks and trusts, as well as ESG audits under SEBI’s BRSR framework. Known for strong analytical skills, precision in financial interpretation, and the ability to manage complex audit and compliance assignments independently under tight timelines.

Overview

11
11
years of professional experience

Work History

Senior Audit Executive

Suri and Co., Chartered Accountants
Mumbai
11.2021 - Current
  • Advised leading private banks and non-banking financial companies (NBFCs) on GST structuring, compliance, and litigation matters.
  • Drafted replies to GST show cause notices, represented clients during departmental audits, and attended adjudication hearings before Central and State GST authorities across multiple jurisdictions.
  • Conducted statutory audits for banks and NBFCs, including detailed credit review procedures such as verification of advances, assessment of borrower financials, classification of NPAs, evaluation of provisioning adequacy, and compliance with RBI’s IRAC norms.
  • Assessed borrowers' financial statements, cash flows, and sectoral exposures during audit and compliance reviews.
  • Identified early warning signals, asset quality issues, and systemic control lapses during bank audits.
  • Reviewed working capital assessments, drawing power calculations, and security coverage during the audit of consortium lending cases.
  • Conducted Business Responsibility and Sustainability Reporting (BRSR) assurance, involving verification of ESG disclosures, assessment of reporting frameworks, and evaluation of data accuracy and consistency across environmental and social metrics.
  • Conducted a statutory audit of a 5-star hotel, covering revenue verification, room and F&B controls, payroll, statutory compliance, internal controls over financial reporting (IFC), and expense analytics.
  • Conducted a statutory audit of NBFCs, including verification of loan books, sale of stressed assets to ARCs, compliance with RBI guidelines on Security Receipts (SRs), and adherence to the Transfer of Loan Exposure Directions, 2021.
  • Independently conducted a tax audit of a private sector bank, including verification of Form 3CD clauses, TDS compliance across interest, salaries, contractor payments, and rent, reconciliation of GST and income tax data with books, computation of disallowances under Sections 40(a)(ia), 43B, and 14A, review of deferred tax workings, and preparation of the audit report in compliance with the Income Tax Act and ICAI guidelines.
  • Verified ECB loan compliance as part of the statutory audit, including examination of borrower and lender eligibility, end-use restrictions, all-in-cost ceiling adherence, LRN allotment, drawdown and repayment terms, hedging compliance, and conformity with RBI’s Master Direction on External Commercial Borrowings and FEMA regulations.
  • Performed various certification assignments for banks, including compliance verification and reporting under NULM, NRLM, Kisan Credit Card (KCC) schemes, prompt payment to MSMEs, interest rate benchmarking (MIBOR/MCLR), priority sector lending targets, and statutory certifications as per RBI and government scheme guidelines.
  • Conducted a tax audit of a charitable trust, including verification of donations, compliance with conditions under Sections 11–12A, preparation and filing of Form 10BD (donor reporting) and Form 10B (tax audit report), reconciliation of corpus and application of income, and ensuring eligibility for exemption under the Income Tax Act.
  • Conducted LFAR audits for banks, covering credit appraisal processes, asset classification, revenue leakage, irregularities in advances, internal control evaluation, compliance with RBI guidelines, and branch-level risk reporting.

Audit Executive

SD Karnani & Co.
08.2020 - 09.2021
  • Analysis of draft financial statements, including notes to accounts.
  • Planning and execution of various statutory audit procedures, including vouching of income and expense items, and obtaining debtors, creditors, and bank balance confirmation.
  • Statutory audit of companies involving compliance with corporate law provisions, CARO, accounting standards, and auditing standards issued by ICAI.
  • Compliance under the Income Tax Act of 1961, such as TDS deduction and deposit, and the filing of TDS returns.
  • Preparation of income computations for various assessees and filing of income tax returns.
  • Depreciation, as per Accounting Standard 6, and as per Schedule II of the Companies Act 2013.
  • Preparation of Forms 3CA, 3CB, and 3CD.
  • Independently handled income tax scrutiny cases and compliance with various inquiries, notices, and orders issued by revenue authorities.

GST Executive

R P Mody & Co.
06.2018 - 04.2020
  • Accounts & Records to maintained under GST - Stock Register, Input Tax Credit availed, Output Tax payable & paid, such other particulars as prescribed
  • Computation & making payment of GST on timely basis
  • Input Tax Credit Reconciliation- Match GSTR 2 and GSTR 2A TO minimize differences and to Maximize set off.
  • Return Submission - GSTR 1, GSTR 2, GSTR 3B Upload and Submit all returns using secure data network.
  • To handle routine Compliance work under GST.

Article Assistant

C C Dangi & Associates
09.2014 - 03.2018
  • Efficiently worked as Audit Assistant, and worked as an effective team member for handling the Statutory Audits & Tax Audit assignments
  • Scrutiny of ledgers, debtors & creditors reconciliation, verification of BRS and Bank/ Cash Balance
  • Responsible for Book Keeping and Finalization of Accounts.
  • Internal Auditing
  • Physical Verification of Fixed Assets & Closing Stock
  • Inventory valuation as per Accounting Standard 2

Education

CA IPCC Group II -

Institute of Chartered Accountants of India
07.2025

CA Final Group I -

Institute of Chartered Accountants of India
04.2020

CA Final Group II -

Institute of Chartered Accountants of India
03.2018

CA IPCC Group I -

Institute of Chartered Accountants of India

Common Proficiency Test -

Institute of Chartered Accountants of India

Bachelor in Commerce -

Somaiya College of Arts & Commerce

Higher School Education -

Vani Vidhyalaya school of Commerce

Primary School Education -

Navbharat Nutan Vidhayalaya

Skills

  • Strong analytical and problem-solving abilities
  • Quick learner with adaptability to new domains
  • Detail-oriented, with a focus on accuracy and compliance
  • Proficient in interpreting financial statements and regulatory guidelines
  • Effective communicator with experience in client representation and departmental hearings
  • Skilled in drafting structured replies and technical documentation
  • Ability to manage multiple assignments under tight deadlines
  • Collaborative team player with leadership in audit engagements
  • Committed to continuous learning and professional development

Projects

Insurance company audit, verification of claims paid/payable, verification of premium received/receivable, compliance with IRDA regulations, computer literacy, successfully completed 100 hours of information technology training in accordance with the requirements of 'The Institute of Chartered Accountants of India,' comfortable in working with various Windows-based packages like MS Office and accounting packages like Tally

Languages

Gujarati
First Language
English
Upper Intermediate (B2)
B2
Hindi
Proficient (C2)
C2

Timeline

Senior Audit Executive

Suri and Co., Chartered Accountants
11.2021 - Current

Audit Executive

SD Karnani & Co.
08.2020 - 09.2021

GST Executive

R P Mody & Co.
06.2018 - 04.2020

Article Assistant

C C Dangi & Associates
09.2014 - 03.2018

CA IPCC Group II -

Institute of Chartered Accountants of India

CA Final Group I -

Institute of Chartered Accountants of India

CA Final Group II -

Institute of Chartered Accountants of India

CA IPCC Group I -

Institute of Chartered Accountants of India

Common Proficiency Test -

Institute of Chartered Accountants of India

Bachelor in Commerce -

Somaiya College of Arts & Commerce

Higher School Education -

Vani Vidhyalaya school of Commerce

Primary School Education -

Navbharat Nutan Vidhayalaya

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