Rajat Sikri

Statutory Audit

Key Roles:-

• Vouching & Verification of expenses
• Statutory Compliances (TDS, Service Tax)

Varied Tasks

• ITR returns
• TDS Returns
• Service Tax Returns

Statutory Audit (Manufacturing, Trading, Service Sector)

Key Roles:-

• Audit planning, Identification & assessment of risk and calculation of materiality.
• Recognition of revenue as per the Accounting Standard, Sales Reconciliation, Debtor Ageing, Debtor Balance Confirmation.
• Fixed Asset verification and its reconciliation with the books including calculation of Depreciation as per schedule II.
• Verification of Assets and Liabilities (Banks, Loans, Fixed Deposits, Debtors, Creditors, etc.)
• Financial ratio analysis & Cut off Procedures.
• Vouching & Verification of expenses
• Statutory Compliances (TDS, Service Tax, & Professional Tax).
• The difference in exchange as per AS 11.
• Closing Stock valuations as per AS 2.
• Finalization of Financial Statements as per Schedule III.

Tax Audit (Power Sector)

Key Roles:-

• Preparation of Form 3CA & 3CB reports and Form 3CD annexure.
• Compliances with TDS provisions.
• Compliances with various sections of the Income Tax Act mentioned in Form 3CD.

Operational Audit (Pharmaceutical Sector)

Key Roles:-

• Verification of cash, credit sales, discounts & gifts and physical verification of stock
• Purchase and Other Expenses
• Preparing a draft report of the pharmacy.

Bank Audit (Banking Sector)

Key Roles:-

• Examination of Advances
• Verification Of Certificates
• Identification and Examination of Non-Performing Assets