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Our Leadership Team
CA Nitin Setia, Partner
"THE GREATEST BUSINESS STRATEGY OF ALL IS OVER-DELIVERING ON
PROMISES"
Nitin Setia, Chartered Accountant
CA Nitin Setia is a qualified Chartered Accountant having more than
17 years of experience in the field of Auditing, Taxation,
Commercial Laws and Various Statutory Compliances. He holds
Bachelors of Commerce from Punjab University (May 1998). He has been
involved in various assignments such as:
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Preparing financial statements in accordance with IFRS
(specifically focusing on first time disclosure requirements as
per AASB 7,132 & 139) along-with related schedules.
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Preparing full set of financial statements in accordance with
AIFRS along-with Income Tax Returns along-with working papers for
the auditors
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Preparing full set of financial statements in accordance with
AIFRS and government notifications using PWC - EWP software.
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To develop clear cut phase-wise audit plans and associated
timelines, resource requirements, the estimated costs and client
specific requirements. The entire process includes, obtaining
appropriate knowledge about client's business and industry, the
government regulations affecting client and the identification of
client related special audit procedures to verify the fairness of
the clients' financial statements.
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Discussing audit issues with client's personal emphasizing all the
pros and cons of the given/ proposed treatment of transactions in
line with the GAAPs and identifying the adjustments required in
clients' accounting records.
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Drafting audit reports, client's financial statements and income
tax returns with related schedules and ensuring their adherence to
the requirements of the regulatory bodies like, Securities and
Exchange Board, Department of Company Affairs, Reserve Bank of
India etc.
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Independent responsibility for ensuring delivery of quality
services with-in agreed time-lines, mid assignment reviews and
guidance, audit closure, report finalisation and delivering
presentations to the management/audit-committees at regular
intervals.
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Internal Audits with regard to the validation of operational and
business processes covering entire business functions/ processes.
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Critical analysis of business processes; Identifying, assessing
and rating the associated process risks and ascertaining the
adequacy of the embedded preventive/ detective, automated/ manual
controls and suggesting appropriate corrective action to mitigate
the residual risks.
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Comprehensive review of the cost of various operations, with
special emphasis on time and cost overruns, review of the
adequacy, accuracy and effectiveness of the budgetary control
system and management information system.
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Assisting clients in achieving SOX compliance by mapping and
documenting their internal processes and helping them in deterring
the effect of loopholes and misrepresentations which can threaten
the compliance.
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