Articled Assistant - Shrikiran Nagesh and Associates
(2025-11)
Auditor - Indian Overseas Bank - Pune & Latur Branches
Public Sector Bank with branch balance sheet size of approximately ₹140 Cr each
- Audited 2 branches (Pune and Latur) with a combined balance sheet size of approximately ₹280 Cr.
- Evaluated controls over loan sanctioning and disbursement, including lending criteria, approvals, and authorization procedures, to identify control deviations and compliance exceptions.
- Performed Monetary Unit Sampling (MUS) to test accuracy of interest income calculations, identifying potential revenue leakage.
- Verified asset classification (Standard / Sub-standard / Doubtful / Loss) and NPA classification per RBI prudential norms; identified and documented exceptions.
- Performed physical verification of gold and cash held as collateral.
- Assessed income recognition on non-performing assets to ensure unrealized interest was not taken to the Profit & Loss Account on an accrual basis.
Concurrent Auditor - Bank of India
Nationalised Bank with branch balance sheet size approximately ₹150–200 Cr
- Conducted concurrent audit procedures, including physical verification of gold and cash, reconciling observations with branch records.
- Reviewed loan documentation for hypothecation, housing, cash credit, and gold loan accounts to verify compliance with sanction terms and internal control requirements.
Statutory Auditor - Co-operative Bank
Statutory Audit across 9 branches with consolidated balance sheet size >₹100 Cr
- Reviewed loan documentation, security cover, and sanction compliance for advances across 9 branches; verified adequacy of provisioning against sub-standard and doubtful assets.
- Verified bank reconciliations and investment transactions; reviewed prior audit reports to identify high-risk and recurring exception areas.
Tax Auditor & Compliance Officer - Multiple Clients
Tax Audit & Compliance
- Assisted in conducting tax audits and statutory compliance reviews of financial records; performed TDS compliance checks against supporting documentation.
- Assisted in reviewing income tax and GST compliance requirements, documenting gaps for reporting and follow-up.
