SAMIDHA PHATAK

Audit & Compliance:

• Analyzed MIS reports to assess clients' operations and business metrics, enabling data-driven decision-making and workflow optimization.
• Conducted inventory audits through physical inspections, identifying discrepancies to improve accuracy and accountability.
• Audited banquet operations, monitoring the sales cycle, event management, and controls over liquor issuance and tracking.
• Evaluated the hire-to-retire process, reviewing salary registers, attendance, and leave reports to identify risks, streamline processes, and ensure compliance.
• Monitored adherence to legal and regulatory frameworks, including tax laws, labor regulations, and safety standards to mitigate risks.

Process Improvements & Reporting:

• Developed actionable recommendations to strengthen internal controls and address process gaps effectively.
• Prepared detailed audit reports, presenting findings, strategic insights, and implementation plans to stakeholders for continuous improvement.

Audit & Compliance:

• Conducted statutory and internal audits, ensuring compliance with regulations and accounting standards.
• Performed sampling, vouching, and ledger scrutiny to validate financial records and support documentation.
• Verified statutory compliances (GST, TDS, EPF) and reconciled payments.
• Reviewed financial statements, notes to accounts, and disclosures for accuracy and completeness.
• Evaluated going concern assumptions and assessed contingent liabilities in consultation with legal counsel.
• Verified fixed assets, maintained asset registers, and conducted bank reconciliations across intervals.

Financial Analysis:

• Identified inflated expenditures and validated revenue and expense documentation.
• Reviewed purchase and sales registers to detect trading transactions inflating figures for benefits.
• Analyzed cost of materials consumed, compared with sales, and assessed wastages against benchmarks.
• Examined balances written off and verified underlying justifications.
• Obtained external confirmations and reviewed documentation for purchase and sales transactions.

Operational Support:

• Conducted employee interviews to understand client operations and detect potential risks.
• Assisted the Audit Manager in planning and implementing audit strategies effectively.

Internal Audit & Compliance:

• Performed internal audits, including HR audits and tax return reviews, ensuring compliance with statutory requirements.
• Conducted sampling, vouching, and ledger scrutiny to validate transactions and support documentation.
• Evaluated internal controls, identified process gaps, and recommended improvements.
• Verified statutory compliance (GST, TDS, EPF) and reconciled statutory payments.
• Reviewed financial statements, disclosures, and contingent liabilities in consultation with legal counsel.
• Conducted bank reconciliations, surprise cash checks, and observed physical inventory counts.
• Assessed fixed assets and maintained asset registers.

Financial Analysis & Process Reviews:

• Analyzed expenditure patterns, revenue recognition, and trading transactions to detect irregularities.
• Compared cost of materials consumed with sales and analyzed wastages against benchmarks.
• Verified balances written off, reviewed loans, advances, and settlements for compliance.
• Conducted audit trails to trace payments and investigated disputes related to overpayments.

Team Management & Reporting:

• Allocated tasks, supervised team members, and assisted in audit planning.
• Prepared and reviewed bank statements, master files, and compliance reports.
• Obtained external confirmations and conducted employee interviews for operational insights.

Taxation & Corporate Compliance:

• Computed taxable income, filed tax returns, and assisted with tax planning and audits.
• Managed books of accounts for production houses and corporate clients, including ROC filings (AOC-4, MGT-7).
• Supported transfer pricing filings and ensured compliance with regulatory requirements.