A SUMMER INTERNSHIP PROJECT
ON
( Vinod Singhal & Co LLP)
SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIRMENTS
FOR THE DEGREE IN
MASTER OF BUSINESS ADMINISTRATION
(MBA)
SUBMITTED TO:
SUBMITTED BY:
Name: Dr.Ramneek Ahluwalia
STUDENT NAME: Akash
Saini
UID: 23MBA11157
MBA-Batch 2023-25
Designation:Assistant Professor
Chandigarh University
Gharuan, Mohali
UNIVERSITY SCHOOL OF BUSINESS
CHANDIGARH UNIVERSITY
GHARUAN, MOHALI (PUNJAB)
1
ACKNOWLEDGEMENT
I hereby do solemnly acknowledge that I have taken my sincerest efforts in this project. However, it would not
have been possible without the support and help of many individuals and organizations indulged along the
way. I would like to extend my sincere thanks to all of them.
I am highly indebted to Dr.Ramneek Ahluwalia for his guidance and the constant supervision as well as for
providing all the necessary information to me regarding the project and also for the support in completing the
project.
I would like to express my sincere gratitude towards my parents, friends & members of Vinod Singhal & Co
LLP for their kind co-operation and encouragement which help me in completion of this project.
I would also like to express my special gratitude and thanks to the industry persons for giving me such kind
attention and time. My thanks and appreciations also go to all of my colleague who formed a part in developing
the project and the people who have willingly helped me out with their special abilities.
UID :23MBA11157
Name of student : AKASH SAINI
2
CERTIFICATE (by the Supervisor/ Guide)
I have the pleasure in certifying that (Akash Saini) is a bonafide student of IInd Semester of the Master’s
Degree in Business Administration (Batch 2023-2025), of Chandigarh University, Gharuan, Mohali, Punjab
with UID No. 23MBA11157
He/She has completed his/her project work “( Vinod Singhal & Co LLP)” under my guidance. I certify that
this is his/her original effort & has not been copied from any other source. This project has also not been
submitted in any other institute / University for the purpose of award of any Degree.
This Project fulfils the requirement of the curriculum prescribed by this university for the said course. I
recommend this project work for evaluation & consideration for the award of Degree to the student.
Signature
:___________
Name of the Guide: ___________
Designation : ___________
Date
: ___________
3
Table of Contents
ACKNOWLEDGEMENT .............................................................................................................. 2
CERTIFICATE
…………………………………………………………………………………3
CHAPTER 1
………………………………………………………………………….5
4
CHAPTER 1 :- INTRODUCTION
UNCOVER OUR STORY
CORNERSTONES
Date of Establishment
: July 31, 1991
Number of Partners
:34
ICAI Firm Registration No.
: 005826C/C400276
Peer Review (ICAI) No. & Date
: 013694 - October 04, 2021
CAG Empanelment No.
: CR1605
RBI Unique Code No.
: 291457
ISO 9001: 2015 Certificate No.
Average Turnover (3 years : 2020-23)
: IN/15411802/7002
: Rs.10.03 Crores (Approx
REACH OUT TO US
Our Address
: 222, Ganpati Plaza, M I Road,
Jaipur-302001, Rajasthan
Our Ambassadors
: CA Vinod Kumar Singhal
+91 941 407 1060
vinodsinghal@vsc.co.in
: CA Prateek Goyal
+91 982 978 7040
prateekgoyal@vsc.co.in
5
DELVE INTO OUR BACKGROUND
WHO WE ARE & WHAT WE DO
With exceptional professional journey of spanning 32 years, Vinod Singhal & Co LLP has established itself
as a premier Chartered Accountancy firm, offering a comprehensive suite of Strategical, Financial, Taxation,
Auditing, and Advisory services. Our esteemed team, consisting of 34 Partners, a cadre of experienced
professionals and dedicated hardworking staff, represents the epitome of expertise and commitment. A
testament to our unwavering dedication, the firm celebrates a PAN India presence with strategically located
branches in all Capital Headquarters. In a strategic move, On June 4th, 2019, we transformed our constitution
from a Partnership firm to a Limited Liability Partnership (LLP), underscoring our commitment to modern
corporate practices. Our collective strength, exceeding 150 individuals, encompasses Chartered Accountants,
Cost Accountants, MBAs, Company Secretaries, Law Graduates, and professionals with specialized
qualifications such as CISA/DISA, Insolvency Professional, Registered Valuers, Insurance Experts, Forensic
Auditors, among others. We take pride in our recent achievement, securing an impressive 44th rank in the
latest rankings by the Comptroller Auditor General of India (C&AG). This recognition attests to our
unwavering pursuit of excellence and compliance.
Vinod Singhal & Co LLP stands as a Bharatiya Firm with an expansive presence across 24 states in India,
having 32 offices, including our Head Office. Our firm's foundation is fortified by a robust infrastructure and
cutting-edge technology, ensuring seamless support for the diverse needs of our esteemed clients. Our widereaching impact is facilitated by a Pan India network of professionals, strategically associated with us for
various assignments, further enhancing our capabilities and extending our influence across the nation. We are
diversifying in alignment of our Vision of providing quality professional Service by adhering to global best
practices at doorstep of our clients that hail from metros to small towns. We are networking professional
entrepreneurs from all corners of the Nation.
6
OUR VISION
To establish as prominent Bhartiya firm with global footprints catering strategic & financial services with
excellence.
To provide reliable, practical, contemporary & transparent global value-added services in strategic &
financial domain as per global best practices that are futuristic & scalable without compromising on
professional standards and regulatory & legal requirements.
OUR MISSION
To network competent strategic & financial professionals at all levels (Global, National, State, Towns) and
mentor them with opportunity & support.
To provide standardised, contemporary, scalable, and implementable solutions in strategic & financial
domain as per global best practices that is contextual based on the scale, sector & industry to which the
clients business belongs and is within the legal, ethical, and regulatory framework.
7
OUR VALUES
•
Long Term Vision
In every decision, we weigh both short-term and long-term risks and benefits. SWOT Analysis of our
action helps us to understand and enhance our clients overall growth.
•
Accountability
Our mutual success depends on mutual respect, inside and outside the firm. We care of our clients’
needs and acknowledge & assume responsibility for our advices to our clients. We do not alter our
analysis to suit non transparent objectives.
•
Transparency
We believe in creating transparent and trustworthy relationships with our clients. We display the true
picture, not just what is convenient to portray. In addition to being clear, honest and accurate, we are
responsible for ensuring our communications are well understood.
•
Perfection
We start with the perspective that the goal is not simply to apply best practice but to invent it. We
upgrade our knowledge database with each experience so as to benefit our future assignments from
the insights gained.
•
Adding Value
We aim at providing valuable output to our clients as each client is unique and there is only one
solution. We embrace people with diverse backgrounds, traits and ways of thinking. Our diversity
brings new perspectives into the workplace and encourages innovation. We aim to grow all our
resources continuously whether our people or our knowledge base so that our services are always
relevant and contemporary.
•
Independency
We ensure independence in all our endeavors. Any conflict of interest, personal or professional, is
kept at bay.
•
Ethical Values
We ensure that all the professional and regulatory ethics is practiced by one and all in the firm to
provide sanctity to our services.
8
OUR SERVICES
We offer a wide range of services to organizations in various industries. Our core competence lies in
providing wholesome trustworthy assistance on various statutory financial compliances in the vicinity of
utmost ethical & professional values.
• Assurance
Our professionals provide leading-edge services on systems, software, data analytics, automation and
controls design and effectiveness, including related specialist services on external audit engagements.
• Taxation
Formulate effective strategies to optimise taxes, implement innovative tax planning strategies and
effectively manage compliance-related requirements.
• Financial
Supporting you in future-proofing your business to become risk resilient and risk ready.
• Business process Outsourcing
Focus is the key & it's only possible when you focus completely on your core competencies and
outsource non-core business processes to our experts.
• Company Law Matters
Services at all stages of a business cycle, right from the inception of an entity to general corporate
matters.
• Secraterial Services
Corporate secretarial service stands as a supporting structure to the company’s compliance needs.
9
OUR BRANCHES :S.NO. STATE
CITY
1.
Jaipur
(Head
Office)
Rajasthan
2.
222, Ganpati Plaza,
M
I Road, Jaipur302001
Jaipur (B.O.) 207, Ganpati Plaza,
M I Road, Jaipur302001
3.
Udaipur
4.
Bharatpur
5.
Jodhpur
6.
Delhi
7.
8.
9.
New Delhi
Delhi
Maharashtra
ADDRESS
Mumbai
Pune
202,7-A,II Floor,
Near Uco Bank,
Bapu Bazar,
Udaipur – 313001
Alora House, Near
Surjeet School,
Namak Katra,
Bharatpur – 321001
D-188, Kamla
Nehru Nagar, Ist
Extension,
Jodhpur-342003
231 & 233, DLF,
South
Court, Saket,
Delhi110017
190B, Pocket-IV,
MIG Flats,Mayur
Vihar Phase-1, New
Delhi-110091
801, 8th Floor,
Parekh Market, 39
JSSRoad Kennedy
Bridge,Opera
House, Mumbai400004
1.3 Block, I Floor,
91 Springboards,
Creaticity Mall,
Yerwada,Pune411006
IN-CHARGE
MOBILE & EMAIL ID
CA Vinod
Kumar Singhal
+91 941 407 1060
vinodsinghal@vsc.co.in
CA Hemant
+91 941 452 0922
Kumar Bansal
hemantbansal@vsc.co.in
GSTn : 08AADFV8895M1Z4
CA Shyam Lal
+91 935 250 1451
Sisodia
shyam.shishodia@gmail.co
m
GSTn : 08AADFV8895M3Z2
CA Sunil Kumar +91 941 402 3438
sunilmittalca@gmail.com
GSTn : 08AADFV8895M2Z3
CA A S Sisodia
+91 988 876 8006
as.sisodia@vsc.co.in
GSTn : 08AADFV8895M4Z1
CA Shivani
Gupta
+91 971 757 8617
shivani.gupta@vsc.co.in
GSTn : 07AADFV8895M2Z5
CA Sandep
Aggarwal
+91 991 062 4481
info@vsc.co.in
CA Manoj
Surajmal
Bokadia
+91 982 009 8650
manojbokadia@vsc.co.in
GSTn : 27AADFV8895M3Z2
CA Pritam
Prakash Nahar
+91 800 788 2666
pritamnahar@vsc.co.in
GSTn : 27AADFV8895M2Z3
10
NO STATE
S.NO.
CITY
ADDRESS
IN-CHARGE MOBILE & EMAIL ID
10.
Kolkata
Security House, II Floor,
RoomNo.224,23B,
N.S.Road,
Kolkata- 700001
CA Mukesh +91 834 879 0513
Agrawal mukeshagrawal@vsc.co.in
Developed Plot Industrial
Estate,99, Greeta
IT Park,
Perungudi, Sholinganallur,
Chennai-600096
CA Kaviya +91 986 594 5757
B
kaviya@vsc.co.in
11.
West
Bengal
TamilNadu Chennai
12.
Coimbatore 1-C, I Floor, SLV Noble RR
Embassy, 144/145, Nava India
Road, Akshayam
Hotel
Opposite
Road, Peelamedu,
Coimbatore-641004
13.
Uttar
Pradesh
Lucknow
14.
Uttarakhand Dehradun
GSTn : 19AADFV8895M1Z1
CA Kaviya +91 986 594 5757
B
kaviya@vsc.co.in
GSTn : 33AADFV8895M1ZB
516, 5th Floor, JB Metro Heights, CA Mohit +91 960 663 4544
Transport Nagar, Opp.
Badani
mohitbadani@vsc.co.in
Metro Yard, Kanpur Road,
LucknowGSTn : 09AADFV8895M2Z1
226012
Central Hope Town, Bahadarpur CA
Road, Selaqui, Dehradun- Divyansh
248197
Singhal
+91 952 963 2961
divyanshsinghal@vsc.co.in
GSTn : 05AADFV8895M1ZA
15.
16.
Haryana
Odisha
Gurugram
Villa No.8, Orchid Petals, Sector
49, Sohna Road,
Gurugram-122018
Bhubaneswar N3/289,
IRC Village,
Bhubaneswar-751015
CA Mohit +91 971 172 0014
Mittal
mohitmittal@vsc.co.in
GSTn : 06AADFV8895M1Z8
CA
Satyajeet
Panigrahi
+91 827 036 7253
satyajeetpanigrahi@vsc.co.in
GSTn : 21AADFV8895M1ZG
11
S.NO.
STATE
CITY
ADDRESS
17.
J&K
Jammu
18.
Gujarat
Ahmedabad
Gurudwara
Sunder CA
+91 908 608 1288
Singh Road, Near Hotel Yogesh
yogeshsarin@vsc.co.in
Amrita, Jammu- 180001 Sarin
+91 871 696 1128
CA Munish munishsharma@vsc.co.in
Sharma
GSTn : 01AADFV8895M1ZI
107, Shivalay Gold, CA
+91 968 059 5500
Near Amar Jawan Manish
manishkhandelwal@vsc.co.in
Circle,
Khandelwa
Nik l
ol,
Ahmedabad-382350
CA Parag
112-113,
116,
+91 756 759 6291
Kumar
Yogi
paragkumar@vsc.co.in
Shambhubhai
Arcade,
Opp.
Shekhada
Yogi
Heights, Surat-395010
GSTn : 24AADFV8895M1ZA
19.
20.
Surat
Punjab
Bhatinda
IN-CHARGE
19085, St.No.12, Bibi CA Prince
wala Road, Opp. ICICI
Bansal
Bank,Bhatinda-151001
21.
Chandigarh Chandigarh
22.
Himach
al
Pradesh
Shimla
23.
Bihar
Patna
SCO 285, I Floor, Sector
32D, Near Nirman
Theatre, Chandigarh160032
Khanna Niwas, Below
DCM Shop,
Sanjauli,
Shimla-171006
II Floor, Above Suzuki
Service Center, Opp.
Loyla high School, I E
Road, Kurjee, Sadakat
Ashram, Patna-800013
CA
Jatinder
Bansal
MOBILE & EMAIL ID
+91 941 774 9678
princebansal@vsc.co.in
GSTn : 03AADFV8895M1ZE
+91 998 866 6349
jatinderbansal@vsc.co.in
CA
Richa
Pandya
+91 981 119 5641
richapandya@vsc.co.in
CA
Rahul
Kumar
Srivastw
a
+91 965 040 4850
rahul@vsc.co.in
GSTn : 10AADFV8895M1ZJ
24.
Jharkhand
Ranchi
A-301, Shree Nand
Rani Niwas, Opposite
Ara Mill, Veer Kunwar
Singh Colony, Airport
Road, Hinoo, Ranchi834002
CA
Dinesh
Kumar
Pradhan
+91 943 158 1700
dineshpradhan@vsc.co.in
GSTn : 20AADFV8895M1ZI
12
S.NO. STATE
25.
Madhya
Pradesh
CITY
ADDRESS
IN-CHARGE
MOBILE & EMAIL ID
Bhopal
E-3/107, First Floor,
10 No. Market, Arera
Colony,
Bhop
al462016
227, II Floor, Orbit
Tower, Sunder Nagar,
Raipur-492001
CA
Lokesh
Totlani
+91 756 675 6644
lokeshtotlani@vsc.co.in
207, II Floor, Kejriwal
Bhawan, G S Road,
Paltan
Baz
ar, Guwahati-781008
R.No.110, I Floor,
Ramchandra
Building,
Opp.
Taxi
Stand,
Mapusa Goa-403507
No.61, 3rd Floor,
Opp. of ICICI Bank,
G Block, 60 Feet
Road, Sahakar Nagar,
Bengaluru-560092
CA Bikash
+91 700 260 9752
Choradia
bikashchoradia@vsc.co.in
GSTn : 18AADFV8895M1Z3
26.
Chhattisgarh
Raipur
27.
Assam
Guwahati
(covering
whole North
East)
28.
Goa
Mapusa
29.
Karnataka
Bengaluru
30.
Telangana
Hyderabad
31.
Kerala
Ernakulam
32.
Andaman &
Nicobar
Islands
Port Blair
GSTn : 23AADFV8895M2ZB
CA Rakesh
+91 865 492 9608
Kumar Jain
rakeshjain@vsc.co.in
GSTn : 22AADFV8895M1ZE
CA Nandan +91 917 555 7405
Motilal
nandansirsat@vsc.co.in
Sirsat
GSTn : 30AADFV8895M1ZH
CA
Ramesh
Suthari
+91 995 964 5503
rameshreddy@vsc.co.in
GSTn : 29AADFV8895M1Z0
1-9-471/23/1, Lalitha CA Vemula +91 738 637 2725
Nagar,
Venkatesh
vemula@vsc.co.in
Adikm
GSTn : 36AADFV8895M1Z5
et,
Hyderabad-500044
Pandavath Arcade, 1st CA Akhil Raj +91 996 154 5491
Floor, Near Hill
akhilraj@vsc.co.in
Palace Museum,
GSTn : 32AADFV8895M1ZD
O
pp. Ayurveda Bus
Stop, Thiruvamkulam,
Thripunithura,
Ernakulam682301
3rd Floor, Old
CA Monu
+91 954 930 0300
CSS Building,
monu@vsc.co.in
Junglighat,
GSTn : 35AADFV8895M1Z7
Port Blair-744103
13
OUR PARTNERS
S.NO.
NAME
QUALIFICATION
MEMBERSHIP
NO.
EXPERIENCE
1.
Raj Narayan Palsania
FCA, MIA (Florida)
013125
52
2.
A S Sisodia
ACA
072765
37
3.
Vinod Kumar Singhal
FCA, DIRM(ICAI), GST(ICAI), LLB, 074391
33
IFRS (ICAI), FAFD, Start-Up (ICAI)
4.
Sunil Kumar
FCA, DISA, CCA
075294
31
5.
Sandeep Kumar Agarwal
FCA
076783
28
6.
Shyam Lal Sisodia
FCA, LLB, CCA
078155
26
7.
Shivani Gupta
FCA
078389
26
8.
Hemant Kumar Bansal
FCA, DISA, IP, CCA, Certificate 078857
25
Course on preparation of Appeals,
Drafting of Deeds, & Documents and
Representation before
Appellate
Authorities,
Start-Up (ICAI)
9.
Dinesh Kumar Pradhan
FCA, DISA
402079
21
10.
Richa Pandya
FCA, CISA, DISA, GST (ICAI), CIA 402159
21
11.
Krishan Kumar Sodhani
FCA
404603
19
12.
Prateek Goyal
FCA, LCS, CCA, FAFD, IndAS
411040
15
(ICAI), StartUp (ICAI), CSR (ICAI),
AML (ICAI), Certificate Course on
Public Finance and Government
Accounting (ICAI)
13.
Mukesh Kumar Agarwal
ACA
304540
12
14.
Nandan Motilal Sirsat
FCA, DISA, CCA, GST (ICAI), 158694
11
Valuations (ICAI)
14
15.
Rakesh Kumar Jain
FCA
422793
11
16.
Manish Khandelwal
FCA
425013
10
17.
Manoj Surajmal Bokadia ACA
169181
8
18.
Prince Bansal
545669
7
19.
Rahul Kumar Srivastava FCA
541916
6
20.
Pritam Prakash Nahar
ACA, CCA, AML (ICAI), Forex & 187244
5
FCA, DISA, FAFD, CCA
Treasury (ICAI)
21.
Mohit Mittal
ACA
442614
5
22.
Mohit Badani
ACA
443023
5
23.
Ramesh Reddy
ACA
255082
4
24.
Jatinder Bansal
ACA, FAFD, CCA
559665
4
25.
Kaviya B.
ACA
253069
4
26.
Bikash Choradia
ACA
315915
4
27.
Parag Kumar Shekhada
ACA, CCA
196787
4
28.
Divyansh Singhal
ACA, CCA
454828
3
29.
Akhil Raj
ACA
258557
3
30.
Lokesh Totlani
ACA
456014
3
31.
Satyajeet Panigrahi
ACA, BRSR (ICAI)
316245
3
32.
Yogesh Sarin
ACA
565875
2
33.
Munish Sharma
ACA
566022
2
34.
Vemula Venkatesh
ACA
266343
1
15
OUR STRENGTHS & COMPETENCIES TALENT RESERVOIR
S.No.
Positions
Count
1.
Partners
34
2.
Paid Chartered Accountants
7
3.
Ex-Banker
1
4.
Other Professionals
(CS/CMA/MBA/LL
B)
Article Trainees
13
Other Executive Staff
including semi-qualified staff
52
5.
6.
TOTAL
43
150
POST CA QUALIFICATION
C
Qualifications by Partners
1.
Certified Information Systems Auditor (CISA)
1
2.
Diploma in Information System Audit (DISA)
6
3.
Diploma in Insurance and Risk Management (DIRM)
1
4.
Insolvency Professional
1
5.
Certificate Course on Concurrent Audit of Banks
10
6.
Certificate Course on Forensic Accounting and
Fraud Detection (FAFD)
4
7.
Certificate Course on GST
3
8.
Certificate Course on Startup
3
9.
Certificate Course on Anti-Money Laundering
2
10.
Certificate Course on Ind AS
2
11.
Certificate Course on Forex and Treasury
Management
Certificate Course on Public Finance & Government
Accounting
1
13.
Certificate Course on Business Responsibility and
Sustainability Reporting (BRSR)
1
14.
Certificate Course on CSR
1
15.
Certificate Course on Valuations
1
16.
Certified Internal Auditor
1
17.
Certificate Course on preparation of Appeals,
Drafting of Deeds, & Documents and Representation
before Appellate Authorities
1
12.
Count
1
16
OUR TRACK RECORD
SERVICES
SUMMARY OF EXPERIENCE IN BANKING DOMAIN
S.No. Nature of Audit
Experience in years/Nos.
02 Years
2.
Central Statutory Audit – Rajasthan Marudhara Gramin Bank
(RRB)
Statutory Branch Audit of Nationalized & Private Banks
3.
Statutory Audit- HO & Branches (Co-operatives)
15 Years (cumulative)
4.
Concurrent Audit
25 Years (cumulative) / 54 Branches
5.
Internal Audit (Risk Based)
02 Years
6.
Stock Audit
150+ nos.
7.
Revenue/Credit Audit
90+ nos.
8.
Due Diligence of Bank’s Clients
1000+ nos.
9.
Transaction Audit
03 Branches
10.
Migration Audit
01 Branch
11.
GST Audit
01 Branch
12.
IS Audit
02 Banks
1.
18 Years (cumulative)
17
DETAILED EXPERIENCE
S.No. Nature of Audit
1.
Central Statutory Audit
Name of Bank
Rajasthan Marudhara Gramin Bank, Rajasthan
Jhalawar Central Co-operative Bank
The Central Co-operative Bank Ltd
The Goa State Co-operative Bank
Ltd The Goa Urban Co-operative
Bank Ltd
The Rajasthan State Co-operative Bank Ltd
2.
Statutory Branch Audit
Udaipur Urban Co-Operative Bank Ltd
Dhanlaxmi Bank
Federal Bank Ltd
Laxmi
Vilas
Bank
Oriental Bank of
Commerce Punjab National
Bank
3.
Internal Audit (RBIA)
State Bank of Bikaner & Jaipur
Central Bank of India
4.
Concurrent Audit
The Alwar Central Co-Operative Bank Ltd
Allahabad Bank
Axis Bank Ltd
Bank of Baroda
Bank of India
Baroda Rajasthan Kshetriya Gramin Bank
Central Bank of India
Corporation Bank
Federal Bank Ltd
IDBI Bank Ltd
Jammu & Kashmir Bank
Ltd Punjab National Bank
Rajasthan Marudhara Gramin Bank
Small Industrial Development Bank of India (SIDBI)
State Bank of India
UCO Bank
Union Bank of India
18
S.No. Nature of Audit
Name of Bank
5.
Allahabad Bank
Revenue/Credit Audit
Bank of India
Central Bank of
India Dena Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab National Bank
Union Bank of India
6.
Stock Audit
Bank of Baroda
Central Bank of
India ICICI Bank
Ltd
Indian Bank
Indian Overseas Bank
Karur Vysya Bank
Punjab National Bank
SIDBI
State Bank of India
The Jammu & Kashmir Bank Ltd
7.
GST Audit
Union Bank of India
Reserve Bank of India, Jaipur
8.
IS Audit
The Bank of Maharashtra Ltd
The Kota Central Co-op. Bank Ltd
9.
Due Diligence of Clients
Central Bank of India
Punjab National Bank
19
PSU DOMAIN
S.No. Nature of Audit
Name of PSU
1.
C&AG Joint Statutory Audit Steel Authroty of India Ltd
2.
C&AG Statutory Branch/
Barmer Lignite Mining Company Limited, Jaipur Bharat Sanchar Nigam
Unit Audit
Limited, Rajasthan (BSNL) Hotel Jaipur Ashok, Jaipur (A unit of ITDC)
Rajasthan Drugs & Pharmaceuticals Ltd
The Oriental Insurance Company Limited, Divisional Office-I, Jaipur
United India Insurance Company Limited, Regional Office, Jaipur
3.
Statutory Audit
Council of Insurance Ombudsmen, Division- Jaipur HUDCO Ltd, Jaipur
LIC of India, DO Jaipur-I
4.
Internal Audit
Airports Authority of India – Jaipur, Leh & Trivandrum Airports
Artificial Limbs Manufacturing Corporation of India,RMC-Hyderabad
Bharat Sanchar Nigam Limited
Eastern Coalfields Limited – SP Mines Area, Chitra Colliery, Jharkhand
General Insurance Corporation of India, GIFT City Office, Gujarat
Gujarat State Forest Development Corporation Ltd., Vodadara
HLL Lifecare Ltd
Jammu and Kashmir State Power Development Corporation Ltd, Srinagar
Jharkhand State Food & Civil Supplies Corporation Ltd.
M.M.T.C. Ltd
National Agricultural Cooperative Marketing Federation of India Ltd
National Cooperative Consumers’ Federation of India Ltd.
National Highways & Infrastructure Development Corp Ltd., Port Blair
National Seeds Corporation Ltd.
National Textiles Corporation Ltd, Mumbai, Udaipur, Bengaluru & Jaipur
NBCC India Ltd
NTPC Ltd
5.
Stock-Receivables-Credit Airports Authority of India – Jaipur Airport BEML Ltd
Audit/ Physical Verification Madhya Pradesh Power Generating Co. Ltd NHPC Ltd
Audit
Northern Coalfields Ltd, Bina & Kishanshila Mines NTPC Ltd
Security Printing and Minting Corporation of India Ltd
THDC India Ltd
GST Audit/ Consultancy/
NAFED
GST Special Audit
Security Printing and Minting Corporation of India Ltd The Cotton
Corporation of India Ltd
UJVN Ltd
6.
7.
PF Trusts Special Audit
Almora Magnesite Ltd
Container Corporation of India Ltd Food Corporation of India Ltd
Footware Design and Development Institute Gujarat State Land
Development Corporation Ltd HSCC India Ltd
Indian Oil Corporation Ltd
Orissa Mining Corporation Ltd., Bhubaneswar
8.
Valuation
UJVN Ltd
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GOVERNMENT DEPARTMENT’S DOMAIN
S.No.
Nature of Audit
Name of Govt. Deptt.
1.
Statutory Audit
Directorate of Municipal Administration, Bangalore
Directorate of School Education, Ladhak HQ Kargil
DRDA, Bhavnagar, Gujarat
Institute of Hotel Management, Mumbai
Jharkhand State Mid Day Meal Authority
MARKFED, Chandigarh
M P State Tech e-Panchayat Society (MPSTEPS)
MNAREGA, Bharatpur Rajasthan
Mumbai Metropolitan Region Development Authority, Mumbai Pimpri
Chinchwad Smart City Limited, Pune
Pradhan Mantri Gram Sadak Yojna (PMGSY) – Rajasthan, MP, Tripura, HP,
Jharkhand, Telangana, J&K
Project Co-ordination Unit, UPDASP, Lucknow
Rajasthan Medical Education Society
Rural Development Department, Chatra, Jharkhand
The Institute of Chartered Accountants of India,Branch Jaipur
Total Sanitation Campaign under District Water & Sanitation Committee
Vaishali Patliputra Dugdh Utpadak Sahkari Sangh Ltd., Patna
2.
Internal Audit
Alwar Zila Dugdh Utpadak Sahakari Sangh Ltd, Alwar
Andaman & Nicobar State Sports Council, Netaji Stadium, Port Blair
Bihar Industrial Area Development Authority
Bihar State Housing Board
Directorate of School Education, Bikaner Zone
Government Local Bodies – Chhattisgarh, Bihar, Jharkhand, Rajasthan
Indian Council for Medical Research, Pune
Indian Institute of Information Technology, Pune Indian
Institute of Management, Ahmedabad Navodaya
Vidhyala Samiti Schools
Patna Municipal Corporation
Pradhan Mantri Awas Yojana
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S.No. Nature of Audit
Name of Govt. Deptt.
3.
Andaman & Nicobar Union Territory Health Mission
Concurrent Audit
National Health Mission, Raipur & Bharatpur
4.
Revenue Audits
Ajmer Vidyut Vitran Nigam Limited (AVVNL)
Jaipur Vidyut Vitran Nigam Limited (JVVNL)
5.
Stock-Receivables-Credit
Audit/ Physical Verification
Audit
Indira Gandhi Institute of Development Research (IGIDR),
Mumbai TRIBES INDIA Outlet (TRIFED)
Sri Sri University, Bhubaneswar
6.
Forensic Audits
Central Bureau of Investigation, Mumbai
Haryana Real Estate Regulatory Authority
7.
Virtual CFO Services
Chhattisgarh State Power Distribution Company Ltd
Pradhan Mantri Gram Sadak Yojna (PMGSY), Rajasthan
8.
Others
Bureau of Energy Efficiency
Directorate of Tourism, UP
Forward Market Commission
Ministry of Road Transport & Highways, Bhopal
9.
Major Accounting/
Consulting
Central Institute of Psychiatry, Ranchi, Jharkhand
Indian Coast Guard, Chicolna, Bogmalo, Goa
International Institute of Population Sciences, Mumbai
J&K Handicrafts (S&E) Corporation, Srinagar
J&K Projects Construction Corporation Ltd., Srinagar
Jammu & Kashmir Trade Promotion Organisation,
Jammu Jharkhand State Food & Civil Supplies
Corporation Ltd
Khadi & Village Industries Commission, State Office,
Chhattisgarh National Forensic Science University, Curti,
Ponda,Goa
National Institute of Design, Jorhat, Assam
Office of Chief Electoral Officer, Chhattisgarh, Raipur
Uttarakhand Public Financial Management Strengthening Project
Urban Development and Housing Department, Govt. of Bihar
Wildlife Institute of India, Dehradun
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MULTI NATIONALS / CORPORATE’S DOMAIN
S.No Nature of Audit
.
1.
Stock Audit
2.
GST Audit/
Consultancy/ GST
Special Audit
3.
Virtual CFO Services
4.
PF Trusts Special Audit
Name of Corporate
Johnson & Johnson Ltd
NIDEC India Pvt Ltd (Japanese MNC)
VIVO Mobiles, Rajasthan (Bubugao Communications Pvt Ltd)
VIVO Mobiles, Rajasthan (Bubugao Communications Pvt Ltd)
AMWAY India
Enterprises Pvt Ltd
Ashok Leyland Ltd
BBC Global News
India Pvt Ltd Bennet
Coleman & Co Ltd
Bosch Global Software
Technologies (P) Ltd BT India
Pvt Ltd
Cadila
Pharmaceuticals
Ltd Cann
Erickson (I) Pvt
Ltd Delta Ltd
Escorts Ltd
ESPN Software
India Pvt Ltd
Everest
Industries Ltd
Federal Mogul (Goetze)
India Pvt Ltd Fortis
Healthcare Ltd
HCL Connect System &
Services Ltd HDFC Bank
Ltd
Hexaware
Technologies Pvt Ltd
Hind Lamps Ltd
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Honeywell
Automation India Ltd
Hughes
Communication India
Ltd Jindal Power &
Steel Ltd
Mercedes-Benz Research & Development
India Pvt Ltd Nestle India Ltd
Philips Electronics
India Ltd Siemens
Information System
Ltd Technip Energies
India Ltd Toyota
Industries Engine Ltd
5.
Others
Vedanta Ltd
Bharti Airtel Ltd
Star Air – Ghodawat Enterprises
Pvt Ltd Vodafone Idea Ltd
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WORK PROCESS
Straightforward, consensual and dynamic approach summarises our Work Process.
1) FINALISING SCOPE OF WORK
Meeting and mutual discussion to draft and finalise the Scope of Work
2) CHARTING TIMELINES, APPORACH AND TEAM
Based on Scope of work, Audit Timelines, Approach and teams are decided along with milestones.
3) WORK EXECUTION- BASED IN APPLICABLE LEGAL GUIDELINES
Work execution is done based on applicable legal guidelines, audit standards, international protocols etc.
The observations are recorded in audit programs/work programs and discussed before conclusions.
4) INTERIM DISCUSSION
The interim report is discussed with the key stakeholders and staff along with recommendations.
5) PRESENTATION OF FINAL REPORT
Final Report is published and presented to the management. The Work is formally closed.
WORKING SECTORS
Countrywide, Cross-Industries working experience brings forth contemporary, sustainable
and practical orientation.
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Agriculture
Aviation
Banking
Beverages
BPO
Coal
Contractors
Co-operatives
Dairy
Food
Gems & Jewelry
Government
Highway Authorities
Hotel & Tourism
Housing
Import/Export
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IT
Institutions
Insurance
Manufacturing
Mining
NGOs
NBFCs
Oil & Gas
Pharmaceuticals
Power & Electricity
Professionals
Retail
Service
Telecommunication
Textile
Water Supplies
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PROBLEM IDENTIFICATION
1.Financial Projection
2.Loan Repayment Schedule
3.Annual Audit Report Analysis
4.Ratio Analysis
1.Financial Projection
Financial projections use existing or estimated financial data to forecast your business’s future income
and expenses. They often include different scenarios to see how changes to one aspect of your finances
(such as higher sales or lower operating expenses) might affect your profitability.
If you need to create financial projections for a startup or existing business, this free, downloadable
template includes all the necessary tools.
Use of financial projection :Financial projections are an essential business planning tool for several reasons.
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If you’re starting a business, financial projections help you plan your startup budget, assess when
you expect the business to become profitable, and set benchmarks for achieving financial goals.
If you’re already in business, creating financial projections each year can help you set goals and
stay on track.
When seeking outside financing, startups and existing businesses need financial projections to
convince lenders and investors of the business’s growth potential.
This financial projections template pulls together several different financial documents, including:
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Startup expenses
Payroll costs
Sales forecast
Operating expenses for the first 3 years of business
Cash flow statements for the first 3 years of business
Income statements for the first 3 years of business
Balance sheet
Break-even analysis
Financial ratios
Cost of goods sold (COGS), and
Amortization and depreciation for your business
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2.Loan Repayment Schedule :The loan repayment schedule is the plan for paying back a loan through a series of scheduled payments
called EMIs. These payments include both the amount still owed on the loan and the interest.
Importance of Loan Repayment Schedule :• It helps borrowers to understand the components of loan repayment by breaking it down into columns.
• The borrower can keep track of the money he pays towards the principal and interest amounts.
• The repayment schedule also updates the outstanding balance on the loan after the individual makes the
monthly payment.
• The repayment schedule will calculate the interest payable in future if part prepayment is done.
• It calculates the total interest payable in a year towards a loan, and this will help the borrower to claim tax.
3.Annual Audit Report Analysis :Analyzing an annual audit report involves examining the findings and conclusions of an independent audit
conducted by a certified public accountant (CPA) or a firm specializing in audits. The primary purpose of an
annual audit report analysis is to assess the accuracy, reliability, and transparency of an organization's
financial statements and internal controls.
Here's why it is important:
1. Ensuring Accuracy and Reliability: The audit report provides assurance that the financial statements
prepared by the organization fairly present its financial position, results of operations, and cash flows in
accordance with accounting standards (such as GAAP or IFRS). This helps stakeholders, including
investors, creditors, and management, trust the financial information provided.
2. Detecting Errors and Fraud: Auditors are trained to identify errors, irregularities, or instances of fraud
that may exist within an organization's financial records. Their thorough examination can uncover
discrepancies that might otherwise go unnoticed, providing an opportunity for corrective action.
3. Assessing Compliance: The audit report evaluates whether the organization has complied with relevant
laws, regulations, and internal policies. This is critical for ensuring legal compliance and adherence to
industry standards, thereby mitigating legal and regulatory risks.
4. Enhancing Transparency: A transparent audit process enhances the credibility of the organization's
financial reporting. It demonstrates a commitment to openness and accountability, which can improve
relationships with stakeholders and promote investor confidence.
5. Identifying Areas for Improvement: The audit report often includes recommendations for improving
financial reporting processes, internal controls, or operational efficiencies. Management can use these
insights to implement corrective measures and strengthen overall governance and risk management
practices.
Analyzing an annual audit report involves several key steps to gain insights into the financial health and
compliance of an organization. Here's a structured approach to conducting such an analysis:
1. Review the Auditor's Opinion:
Start by examining the auditor's opinion. This typically summarizes the overall findings of the audit and
states whether the financial statements present a true and fair view in accordance with accounting
standards.
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2. Financial Statements Examination:
Study the balance sheet, income statement, and cash flow statement. Look for trends in revenue,
expenses, assets, liabilities, and equity over the reporting periods. Compare these figures to previous
years to identify significant changes or anomalies.
3. Notes to the Financial Statements:
Pay attention to the footnotes accompanying the financial statements. These provide detailed explanations
and additional information that clarify the numbers presented in the statements. They often disclose
accounting policies, contingent liabilities, and other significant details.
4. Management's Discussion and Analysis (MD&A):
Read the MD&A section if available. This narrative provides management's perspective on the
financial performance, key challenges, and future prospects of the organization. It can offer valuable
context to the numbers presented in the financial statements.
5. Internal Control Assessment:
Evaluate the auditor's assessment of the organization's internal controls. This is crucial for
understanding the reliability of the financial reporting process and the effectiveness of risk
management practices.
6. Compliance and Legal Issues:
Note any findings related to compliance with laws and regulations. Auditors typically report instances
of non-compliance or legal issues that could impact the organization's operations or reputation.
7. Auditor's Findings and Recommendations:
Review the auditor's specific findings and recommendations. These can range from minor
suggestions for improving accounting practices to more significant issues that require management
attention or corrective action.
8. Comparative Analysis:
Compare the current year's audit findings with previous years' reports. Look for trends in audit
outcomes, changes in key financial metrics, and improvements or deterioration in financial health
indicators.
9. Disclosure and Transparency:
Assess the overall level of disclosure and transparency in the audit report. A well-documented and
transparent report enhances credibility and helps stakeholders make informed decisions.
10. Implications and Action Steps:
Finally, consider the implications of the audit findings for stakeholders such as investors, creditors,
and regulatory bodies. Identify any action steps that may be needed based on the audit results.
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4.Ratio Analysis :Ratio analysis involves the use of various financial ratios to evaluate an organization's performance, financial
health, and efficiency. These ratios are derived from data in financial statements such as the balance sheet,
income statement, and cash flow statement. Here’s a breakdown of its meaning and importance:
MEANING :Ratio analysis involves calculating and interpreting various ratios to assess different aspects of a company’s
financial performance and position. These ratios are categorized into several types:
1. Liquidity Ratios: Measure the ability of a company to meet its short-term obligations and manage
liquidity. Examples include the current ratio and quick ratio.
2. Profitability Ratios: Evaluate the company’s ability to generate profits relative to its revenue, assets, or
equity. Examples include gross profit margin, net profit margin, and return on assets (ROA).
3. Financial Leverage Ratios: Assess the extent to which a company relies on debt financing versus equity
financing. Examples include debt-to-equity ratio and interest coverage ratio.
4. Activity or Efficiency Ratios: Measure how effectively a company utilizes its assets to generate sales or
revenue. Examples include inventory turnover ratio and accounts receivable turnover ratio.
5. Investment Valuation Ratios: Evaluate the attractiveness of an investment in the company’s stock.
Examples include price-earnings (P/E) ratio and earnings per share (EPS).
IMPORTANCE :1. Performance Evaluation: Ratio analysis provides insights into the financial performance of a company
over time. By comparing ratios across different periods or against industry benchmarks, stakeholders can
assess trends and identify areas of strength or weakness.
2. Financial Health Assessment: It helps in evaluating the overall financial health and stability of a
company. For example, liquidity ratios indicate whether the company has sufficient short-term assets to
cover its short-term liabilities.
3. Decision-Making: Ratio analysis assists management, investors, and creditors in making informed
decisions. It helps management identify areas for improvement, supports investors in evaluating
investment opportunities, and aids creditors in assessing creditworthiness.
4. Benchmarking: Ratios enable benchmarking against competitors or industry standards. This comparison
helps determine how the company is performing relative to its peers and industry norms.
5. Forecasting and Planning: Ratios can be used for forecasting future financial performance and
planning. By projecting key ratios based on historical data and expected changes, organizations can
develop realistic financial goals and strategies.
6. Early Warning Signals: Certain ratios can serve as early warning signals of potential financial distress.
For instance, deteriorating liquidity ratios or declining profitability ratios may indicate operational
inefficiencies or financial difficulties.
7. Communication Tool: Ratio analysis facilitates communication between management and stakeholders
by providing a concise summary of financial performance and position. It helps in explaining financial
results and strategies effectively.
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OBJECTIVE OF STUDY
1. To obtain an Accountant position by adding value through utilizing my superior knowledge, prospecting
and calculation abilities in the business.
2. To develop and discover my vision into pragmatic action, as a performance oriented.
3. To build upon my existing corporate finance skill set in both analytics and transaction execution, leading
to increasingly responsible positions in treasury.
4. To employ my knowledge and experience with the intention of securing a professional career with
opportunity for challenges and career advancement, while gaining knowledge of new skills and expertise.
5. To make a proper study of Documentation, verification, auditing and many more accounting standards.
NEED OF THE STUDY
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Helps in identifying need to determine its worth pursuing.
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The decision-making process takes place to prioritize and select project with greatest news
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3. Project finance is used to build energy infrastructure in industrialized countries as well as in
emerging markets.
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4. Project finance helps finance new investment by structuring the financing around the project's own
operating cash flow and assets, without additional sponsor guarantees.
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It primarily helps in financing the broad range of economic unit’s worldwide, which sets many of the
examples.
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MY ROLE IN INTERNSHIP
➢ To collect, understand, process, verify and report accounting related-information .
➢ Be given professional analytical and management support work assignments.
➢ Assistance may be required in the preparation of monthly or weekly financial reports .
➢ Develop and utilize spreadsheets, databases and other computer applications.
➢ Enter information into the financial accounting system of the company.
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