Shweta Patil

Internal Audit

• Managed internal audits for both listed and unlisted companies with turnovers ranging from ₹75 crore to ₹1,000 crore, focusing on P2P (Procure-to-Pay), Debtor-Creditor Analysis, Vendor On-boarding Process, and Statutory compliance and Reporting.
• Supervised a team of internal auditors for a group of NBFCs across three quarters, overseeing operations with an aggregate turnover of approximately ₹350 crore with exposure to compliance with RBI directions w.r.t. KYC, Auction processes and other requirements.
• Strengthened client relationships through consistent follow-up communication and efficient problem resolution.
• Developed a comprehensive Risk Control Matrix for an audit assignment, identifying process gaps, assessing risk exposure and suggesting controls for the selected areas.

Statutory Audit

• Involved in and led audits of various private limited companies and partnership firms from initial planning to final report submission, ensuring compliance with Standards of Auditing.

Direct Taxation

• Filed Income Tax Returns (ITRs) for individuals and partnership firms.
• Drafted and filed income tax appeals, submissions, and grievances before tax authorities and the CPGRAMS portal.
• Prepared Deferred Tax and Advance Tax workings

Indirect Taxation

• Preparation of GST workings, GSTR 1 & 3B filings for Proprietorship, Partnership Firms and Trusts.
• Registration for GST certificates

Accounting

• Attained a sound understanding of GAAP principles, including accrual accounting, revenue recognition, and the matching principle, with hands-on application in journal entries and account reconciliations.
• Tally Accounting for HNIs

Other Individual Assignments:

• Led finance charge verification for a joint venture managing multiple banking facilities (WCDL, LC, BG, CC), with a turnover of ₹1,346 crores.
• Conducted valuation analyses using the Discounted Cash Flow (DCF) method for two Mahindra projects of more than 100 Crores.
• Executed physical asset verification across multiple construction sites.
• Managed accounting and statutory compliance for trusts, including GST, and TDS workings.
• Assisted in accounting entries at a leading Media & Entertainment sector company during merger.

Bank Audit

• Performed concurrent audit at Bank of India's bullion exchange branch involving verification of loan documents, credit limits approval and other banking operations

Statutory Audit

• Carried out vouching and verification procedures for statutory audit assignments