Vanika Goel

Internal Audit

● Directed a team of 4 members, employing a risk-based audit approach and delivering comprehensive Internal Audit Reports withinstipulated

deadlines.

● Conducted Substantive Procedures to uncover unauthorized purchases and payments, identifying a material misstatement due tofraud totaling

over ₹50 lacks.

● Investigated historical fraud involving fictitious invoicing and improper utilization of Input Tax Credit (ITC), leading to a demand notice

exceeding ₹40 lacks, and addressing the assertion of completeness.

● Executed a P2P audit, applying both Substantive and Analytical Procedures and ensured strict adherence to Standard OperatingProcedures

(SOPs), addressing Control Deficiencies where necessary

● Identified fraudulent activities during P2P audit and facilitated an immediate recovery of ₹10 lacks for the client

Statutory Audit

● Developed audit plans in compliance with Standards on Auditing (SAs), ensuring alignment with the Financial Reporting Framework(FRF) and

timely completion of deliverables, including Audit and Tax Audit Reports.

● Conducted physical verification of assets, ensuring accuracy and existence in line with the Fixed Assets Register, as required underCARO

reporting (Companies Act, 2013).

● Executed External Confirmation Procedures for banks and third parties, and performed Ageing Analysis of Trade Receivables andPayables to

verify the assertions of existence and valuation.

● Identified and rectified instances of ineligible GST Input Tax Credit (ITC) availed by the company, and prepared reconciliations toensure

compliance with applicable laws and regulations.

Taxation and Other Compliances

● Prepared and filed Income Tax returns for companies, firms and individuals

● Conducted Tax Audits, including the preparation and filing of Forms 3CA/3CB and 3CD for various entities

● Performed in-depth research on case laws, notifications, and circulars, providing well-supported citations for assessment cases.

● Managed TDS Compliance, Goods & Services Tax (GST) compliance, including filing GST returns & handling GST registration

● Drafted responses and submissions for assessments under Section 73 of the CGST Act.

● Prepared financial statements of Companies, Firms & Proprietary concerns and handled filing of relevant MCA Forms.