Samiran Kar

Experience

1. Intern

   Tr Chadha & Co Llp

   Jul 2024 — Present · Mumbai, IN

   Statutory AuditAssigned to the statutory audit of 3 NBFCs (including 1 listed entity with a loan book of crore) and 1 Asset Reconstruction Company, covering critical financial services audits under the Indian regulatory and Ind AS framework.Performed detailed audit procedures on Loans & Advances, including Exposure at Default (EAD), Expected Credit Loss (ECL) modeling under Ind AS 109, and IRAC reconciliation as per RBI norms.Carried out extensive loan portfolio analysis across diverse lending products to evaluate credit risk, provisioning, and classification accuracy using Caseware Idea Software.Audited key financial statement components including Statutory Dues, Employee Benefit Expenses, Security Deposits, and Equity Share Capital in both NBFCs and the ARC, ensuring compliance with Ind AS and regulatory standards.Executed Journal Entry (JE) testing using entire GL dumps to identify irregularities and ensure completeness and accuracy of financial records.Contributed to audit planning and execution by preparing audit programs, drafting loan file verification checklists, and conducting audit sampling using random, stratified, and monetary unit sampling (MUS) techniques for both low-risk and high-risk areas.Worked closely with audit seniors to document audit findings, prepare working papers, and support final deliverables for management and statutory reporting.