Mohit Prakash

About Mohit Prakash

Our team\'s expertise at CA Firm in financial audits has been instrumental, with my role…

Experience

1. Associate

   Ca Firm

   Feb 2024 — Present

   Conducted comprehensive stock audits for nationalized & listed banks, conducting physical verification of goods valued up to ₹50 crore and providing detailed inventory report about condition and valuation.* Conducted credit audits for diverse business organizations, including manufacturing entities, government construction contractors, and trading concerns, with loans ranging up to ₹25 crore, checking the credit line and looked for any diversion of funds and reported on the same.* Assisted in identifying revenue leakage, analyzing financial statements & other compliances on a timely basis as a member of the Concurrent Audit Team at State Bank of India.* Assisted in statutory audits of nationalized banks with total advances of ₹230 Crores, identifying discrepancies in financial statements and highlighting non-performing assets (NPAs).* Conducted tax audits for various entities, including private limited companies, partnership firms, and individuals, ensuring compliance with the provisions of the Income Tax Act.* Finalized and reconciled financial records for various organizations, ensuring accuracy and compliance with applicable financial reporting framework & relevant accounting standards.* Filed TDS returns and provided consultancy on the appropriate timing and rates for TDS deduction, ensuring compliance with tax regulations.