Alan Varghese Baby

Articled Assistant

G Joseph and Associates Chartered Accountants

Ernakulam, Kerala, India

09.2019 - 09.2022

Performed the statutory audits of companies engaged in the varied business, having multiple branches, including those which are part of an international group operating abroad, under the Companies Act, 2013
Headed the tax audits of partnership firms, companies and individuals in diverse industries
Executed GST audits and drafted GST annual returns for various entities
Addressed scrutiny and assessments under the Income-tax Act, 1961 for companies engaged in software development
Led internal audits of listed and unlisted companies, evaluated their profitability and potential areas for cost-cutting, including vendor management, assisted them in identifying control weaknesses in fixed asset and inventory management, reviewed ageing of accounts receivables and identified existing irregularities, and ensured the company's compliance with various applicable laws including those related to employee benefits, income tax and GST
Handled special-purpose certification engagements, including certification on abidance of royalty payment with royalty agreement for an airline caterer and quarterly and annual certification of foreign currency stock for an AD II category dealer in foreign and reporting currency as translated by FEDAI rates
Carried out verification audit of forex department of an NBFC having over 3000 branches across India, holding an Authorised Dealer Category II licence that provides forex services across the country
Drafted income tax returns, tax audit and transfer pricing reports, advised taxpayers on tax planning and forecasted advance tax payable by various taxpayers under the Income-tax Act, 1961
Handled compilation engagements, including preparing consolidated financial statements for companies with wholly or partially owned subsidiaries and prepared multiple forms required to be filed by the companies and determined CSR expenditure applicable for them under the Companies Act, 2013.
Conducted due diligence review, analysed the company's compliance with applicable laws, and identified non-existing assets and unaccounted liabilities
Undertook limited review of listed companies, as mandated by Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Collaborated with the IT team of one of the companies having a varied interest in the field of shipping and logistics in developing a Utility that could replace maintaining hard copies of invoices with that in electronic form by providing suggestions on improving its efficacy, the legal validity of such recordkeeping, modifications in UI design that would make it intuitive and guided the team in identifying potential bugs that hindered trouble-free retrieval of documents in an audit purview.
Prepared audit reports, providing clear description of findings and issues identified and recommending appropriate solutions.
Finalised audit findings and used them as basis for developing practical recommendations beneficial for the company's growth.