It is pertinent to highlight the industry and service specific projects, value added and major achievements to showcase the strengths and forte of core team in consulting, auditing and taxation domain. We reckon our focused approach coupled with sincerity and aspiration to add value to the organization as our major success factor.

Engineering industry – assignments handled

  • Concurrent review of bills raised by off-roll employees vendors and contractors for pan India branches
  • Design and implementation of processes related to submission of bills along with supportive evidences to corporate office by pan India vendors/ contractors for the purpose of payment
  • Audit of incentive payable to channel partners
  • Suggesting improvements in master database of pan India vendors and contractors
  • Analysis of GST implications on transactions of share broker and financial intermediaries
  • GST audit of share brokers and financial intermediates
  • Drafting and vetting of legal agreements

Financial sector – assignments handled

  • Concurrent review of bills raised by off-roll employees vendors and contractors for pan India branches
  • Design and implementation of processes related to submission of bills along with supportive evidences to corporate office by pan India vendors/ contractors for the purpose of payment
  • Audit of incentive payable to channel partners
  • Suggesting improvements in master database of pan India vendors and contractors
  • Analysis of GST implications on transactions of share broker and financial intermediaries
  • GST audit of share brokers and financial intermediates
  • Drafting and vetting of legal agreements

Gems & jewellery industry – assignments handled

  • Handled Internal – Management audits with emphasis on areas such as inventory management, risk management related to security of high value goods as well as through insurance coverage, statutory compliances, audit of accounting system and transactions in compliance with applicable accounting standards`
  • Design and implementation of systems, processes and SOP for various functions
  • Design and implementation of Internal Financial Controls (IFC) as part of risk evaluation and management
  • Design and implementation of performance and productivity linked performance evaluation and compensation system
  • Implementation of industry specific standards related viz. Best Practice Principles (BPP), Responsible Jewellery Council (RJC) and Forevermark standard (FM)
  • Assistance in the process of business profiling for the purpose of sourcing of raw materials from mining companies such as DeBeers, RioTinto, Alrosa etc. for the business entities based in India, Middle East, Far East and Europe
  • Design implementation and audit of inventory accounting system
  • Corporate and legal structuring for the purpose of investment in foreign subsidiaries and related FEMA compliances
  • Benchmarking of cost with industry standards
  • Representing industry issued before Gems & Jewellery council, Tax Authorities, Mining Companies and at various other platforms
  • Design, implementation and audit of ERP software

Hospitality industry

  • Internal and process audit covering all the key functions including room sale through OTA, room sale through off-line agents, income from F&B, other source of revenue, housekeeping management, kitchen management, front office management, purchases, stores & inventory management, accounts & statutory compliances
  • Review of night audit procedures
  • Audit and review of SOP for various functions, KRA and KPI of the staff.
  • Identified major lapses in procurements including areas of cost savings
  • Identified instances of revenue leakage and lack of internal controls
  • Analysis of overtime hours and cost vis-a-vis room occupancy
  • Analysis and review of income and cost per room night and per pax
  • Analysis and review of wastages and loss of revenue due to various reasons
  • Review of budgetary control function
  • Analysis of GST implications on booking of hotel rooms through offline agents
  • Analysis of GST implications on advance received on room booking through OTA and direct booking
  • Identified irregularities in attendance records reporting in multiple shifts
  • Identified irregularities in ERP system used for billing and hotel management
  • Vetting of agreements with OTA and offline agents
  • Internal audit of revenue cycle of health club

IT industry

  • Drafting and vetting of legal contracts with JV partners, vendors, suppliers and employees
  • Legal advisory and FEMA related compliances for set-up of foreign subsidiary
  • Assistance in GST refund for export of service
  • Assistance in design, implementation and monitoring of costing MIS to ascertain project wise and team wise costing  
  • Design and implementation of MIS monitoring system to evaluate project wise profitability
  • Calculation of performance and profit linked incentive for the staff
  • Virtual CFO service

Healthcare industry

  • Internal and process audit of key functions including billing, purchases, stores management, HR, accounts and financial management
  • Process audit of claims and reimbursement under Ayushman Bharat Yojna (PMJAY) of Government of India
  • Identification of deviations from billing policy 
  • Review of ERP system to identify weak internal controls, calculation errors and flaws in the system
  • Fixed Assets management and control 
  • Procurement of pharmaceuticals whether cost effective and transparent  
  • Stores management effectiveness review

Schools & educational institutes

  • Assistance in filling application for determination of fees with Fees Regulatory Committee (FRC) under The Gujarat Self Finance schools (Regulation of Fees) Act, 2017
  • Representing case before Surat FRC zone and Fees Revision Committee, Gandhinagar
  • Internal audit of accounts, compliances, fixed assets, payroll & attendance management including reconciliation of standard wise and student wise fees receivable for the period, fees actually received and fees pending
  • Review of internal controls over the function of fees collection, issue of receipts and its accounting
  • Design and implementation of systems and processes for fees income, transportation, canteen management, sale of uniform & books, purchases and assets management
  • Fraud investigation audit of irregularities in fees received vis-a-vis fees accounted
  • Review of KPI and KRA of teachers, front office and support staff
  • Legal structuring and tax planning for charitable trusts and entities providing auxiliary/ business support services
  • Analysis of direct and fixed cost per student

Textile industry

  • Internal audit of Silvasa based plant of Reliance Industries Ltd.
  • GST compliances, advisory and audits
  • GST refunds for exporters of garments
  • GST refunds for weavers under inverted duty structure option
  • Legal and Tax advisory to textile units including traders, processors and brokers
  • Design and implementation of inventory accounting, management and valuation system
  • ISO certifications for garment manufacturing unit
  • Social compliance audits at garment manufacturing units
  • Design and implementation of processes and SOP for the garment manufacturer